Potential Oil News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Archived document, may contain errors) 8/1/88 80 TIME IS RUNNING OUT FOR CONGRESS TO CUT U.S. RELIANCE ON ARAB OIL

) You won’t find this setup often - or possibly ever: A small-cap explorer sitting on a massive Permian basin that has potential for a major onshore conventional oil discovery.  And the drill bit just hit the ground in a three-well campaign… Because it’s a small-cap sitting on such a huge basin (8.5 million acres), its stocks are already soaring in anticipation of the first results, which are soon to be released.  Drilling started just over a week ago, and already the stock is supercharged, gaining over 100% since January 1st.  Onshore, there is almost no oil or gas regions left unex...

Barataria bay and areas west of the mississippi river. >> what are the plans for cleanup of potential oil that you guys have not had to deal with yet? >> well, i'm not sure we anticipate oil to be in those kinds of locations, but it's a legitimate question for a hurricane, and we have put together a team between fema and the coast guard and the department of highland security to look at the legal implications of the stafford act, how would you pay for a debris cleanup and damage to dwellings and the implications of the liability fund and the bp claims process as to what might be oil-related. w...