magor

Transocean's New Contract an Antidote to Oil's Volatility

Are there any estimates of the quantity of deepwater oil? Is it recoverable? What are the economics of recovery? What technical problems remain?
The Big Oil companies are awash in profits and must invest in deepwater exploration otherwise face excess tax on obscene profits.
Deepwater oil exploration is speculation and Jeffrey Lin shouldn't
squander grandfathers treasure until the above questions are answered/resolved.
Jef sounds a little like George W.

These Three Deep Sea Drillers Look Like a Bargain

Deepwater exploration for oil is the last frontier.
Oil co's have so much money that to justify their greed must invest in deepwater exploration.
No one knows with any degree of certainty how much oil is in deepwater ie. more than 20000 ft below seabed.
If oil is discovered how will it be extracted? and in the quantity to
justify the investment?
The technical problems are enormous.
Getting the oil to market from a new discovery will be take more than 5years.
I have more questions to ask when the above is answered

Transocean: Cheap Stock, Worth a Look

Transocean is the best deep sea driller in the world. Suppose they
find enormous quantities of oil at depths of 35000 feet? Is the technology available and the economics of bringing this
oil to market feasible?