posted on May, 26 2004 @ 11:39 AM
"About 80 miles off of the coast of Louisiana lies a mostly submerged mountain, the top of which is known as Eugene Island. The portion underwater is
an eerie-looking, sloping tower jutting up from the depths of the Gulf of Mexico, with deep fissures and perpendicular faults which spontaneously spew
natural gas. A significant reservoir of crude oil was discovered nearby in the late '60s, and by 1970, a platform named Eugene 330 was busily
producing about 15,000 barrels a day of high-quality crude oil.
By the late '80s, the platform's production had slipped to less than 4,000 barrels per day, and was considered pumped out. Done. Suddenly, in 1990,
production soared back to 15,000 barrels a day, and the reserves which had been estimated at 60 million barrels in the '70s, were recalculated at 400
million barrels. Interestingly, the measured geological age of the new oil was quantifiably different than the oil pumped in the '70s."
[Edited on 26-5-2004 by adcadcadc]