Rob Black's Energy Stock Report

 |  Includes: CVX, DVN, STO
by: Rob Black
Chevron (NYSE:CVX) and partners Devon Energy (NYSE:DVN) and Statoil (NYSE:STO) have successfully pulled oil from a 300-mile-wide swath of the Gulf that lies 7 miles below within a bed of ancient rocks called the lower tertiary. This could become the nation's biggest new domestic source of oil, and could hold more than three billion barrels, and perhaps as much as 15 billion barrels' worth of oil, which would boost the nation's current reserves of 29.3 billion barrels by 50%.