I'm a male college graduate in my 40's, and I work full-time. I'm married and have two young children. Hobbies and interests are reading, writing, running, travel. My reading (and, thus, my postings on Helium) includes current events, US history, sports, economics, and high-quality fiction. I don't watch TV because it's a complete waste of time, and I don't let my kids watch more than 3-4 hours per week. I do extensive volunteer services in my community - more than 500 hours per year. I'm very liberal politically, and I have no religious affiliation.

Personal Finance > Investing Basics Offshore oil drilling and investing

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With oil prices at all-time highs, it's no surprise that drilling for oil is undergoing an unprecedented boom worldwide. Many of the most promising oil fields are found off-shore, deep under the world's oceans.

To get at the highly valuable and desirable oil under the seas, oil companies have developed an astounding array of advanced equipment. That equipment is seeing greater demandand commanding higher pricesthan ever before. As of July 2008, more than 540 offshore rigs were in use worldwide, representing 89% of the world's available offshore oil rigs, according to the U.S. Energy Info...

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