I wonder if this will effect gas prices

[WickedLou9]

Chevron hits oil in major Gulf of Mexico well - Yahoo! News

NEW YORK (Reuters) - Three oil companies, led by Chevron Corp. (NYSE:CVX - news), have successfully drilled for oil in the Gulf of Mexico's deep waters, suggesting there may be more oil in the region that already provides a quarter of U.S. output, the companies said on Tuesday.

......
Chevron officials estimate the lower-tertiary region could hold 3 billion to 15 billion barrels of oil and gas reserves, according to The Wall Street Journal. The high end of that range would boost U.S. current reserves by 50 percent.
...
The Jack No. 2 well was drilled to a total depth of 28,175 feet

Thats almost 6 miles straight down

This shows that we probably have quite a bit of oil left on the planet.. but it's going to be harder and harder to get to it.

[motivez]

Holy crap, that's awesome news

In for buck 50 gas again?