It has been reported that there has been a "Significant new oil discovery" in the deepwater of the Gulf of Mexico and it is the result of some very impressive technology, investment, and effort...
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The find is located in the Appomattox prospect area in the Mississippi Canyon. The well was drilled through more than 7,200 feet of water to a total depth of 25,077 feet where it found a 530'-thick layer containing oil.
A published report indicates the discovery is estimated to hold at least 100 million barrels of oil.
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The above video is from the recent "Summit on Virginia's Energy Future" at which time Virginia Governor Bob McDonnell describes how 37.5% of the royalties coming from the Gulf of Mexico goes directly to the Gulf States and their budgets...
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We NEED to develop the known energy sources offshore of the Virginia coast to benefit the Citizens of Virginia and the United States...
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