HoustonChronicle.com - Deep seas hold the key to oil's future

Interesting article from the Houston Chronicle!
HoustonChronicle.com - Deep seas hold the key to oil's future: "Anyone looking for a glimpse into the future of the offshore oil industry needs to travel about 200 miles from the Texas shoreline. But the tricky part will be to descend to the bone-crushing depth of two miles beneath the ocean's surface.

That's where the next frontier lies for big oil companies, which are drawn there by the promise of the vast finds that are now a rarity in the shallower waters of the Gulf of Mexico.

That new frontier is in places like the Perdido Foldbelt, which is braced against the international boundary. It holds the attention of several major oil companies with prospects in up to 10,000 feet of water"