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Oil in Every CNOOC and Cranny

Christopher Barker
April 29, 2008

When you're an energy company, the less energy you expend, the better. The megacorporations of the global crude business have been venturing further and digging deeper to chase the world's supply, as evidenced by the rise of deep-water specialists Transocean (NYSE: RIG  ) and Diamond Offshore (NYSE: DO  ) . I think it's safe to say we'd have a derrick on the moon by now if we thought it was mad