The oil industry has made over 200 discoveries so far this year due to new technologies allowing them to drill deeper and search for oil in places previously unreachable. Among these many discoveries is "...A giant deepwater field that might turn out to be the biggest oil discovery ever in the Gulf of Mexico". This is obviously good news, but we cannot sustain this rate of oil deposit discovery because eventually we will find all the oil there is to be found. Thinking in short term, this is great news and a relief that we have been able to tap into oil that we could not previously get to, but in the long run we are just buying more time for us to find a solution to our world's oil addiction.
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7 hours ago
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