Even bad times have their uses sometimes. One of the positive fallouts of the recent oil price rise was its impact on oil exploration. The oil industry has been trying hard for a while to get oil from the deep ocean. But the procedure was expensive, not to speak of the risks involved. Oil prices soared at the end of 2007, and deepwater drilling became a worthwhile exercise.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/dig-baby-dig
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-world-kolkata
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-exploration
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/wells
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/persian-gulf
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gulf-mexico
