11. If oil is found in the refuge, there will indeed be new jobs and an infusion of cash to every Alaskan citizen. 12. Improvements in the seismic technology used to spot underground pools of oil and gas have reduced the risks of exploration and with them, the cost of finding oil. 13. In shallower waters, Amoco, Phillips and Anadarko are the stars because they scored the first commercial success in finding oil under layers of salt. 14. Last May, a consortium of nine foreign energy companies found oil in a huge Caspian Sea field and began drilling to determine how much exists. 15. Less than a year later, someone else found oil. 16. Now oil has been found in the south, and the government is destroying villages in oil areas to clear the way for prospectors. 17. Oil has been found beneath parts of the sea controlled by Russia and Azerbaijan. 18. Oil shares were lifted by hopes that Mitsubishi Oil might find oil in one of its wells in Vietnam, traders said. 19. Oil shares were lifted by hopes that Mitsubishi Oil might find oil in Vietnam, traders said. 20. One reason the industry can withstand lower prices is that rapidly advancing technology brings down the cost and risks of finding oil. |