Thursday, June 9, 2011

Exxon-Mobil Strikes Oil in the Gulf

Exxon-Mobil says it has made an oil strike in the Gulf of Mexico that's among the largest found in the last decade.

The company says it could yield as much as 700 million barrels of crude as well as natural gas.

This is Exxon-Mobil's first oil strike in the gulf since the moratorium on deep water exploration was lifted following the gulf oil disaster.

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