Why we may never be able to say goodbye to oil - BBC News

By
Viraj
on June 15, 2010 6:49 AM | | TrackBacks (0)
Little more than a decade ago, few imagined that the oil industry would be drilling a mile below the ocean floor in the Gulf of Mexico.

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The vast technical challenges, the risks and the mind-boggling cost of the necessary offshore operations all appeared insurmountable. Yet what drove major companies like BP on to try and harvest these and other "difficult" new reserves was simple economics. It was the relentless rise in demand for crude oil.

Full Story: Why we may never be able to say goodbye to oil - BBC News

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