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Peak what? – Publications – AEI

Summary:
AEI Peak what? BP just discovered a billion barrels of oil in the Gulf of Mexico BP’s investment in next-generation technology just paid off to the tune of a billion barrels of oil. BP made the massive 1 billion-barrel discovery at its Thunder Horse field off the tip of Louisiana. Executives are crediting their investment in advanced seismic technology and data processing for speeding up the company’s ability to confirm the discoveries at Atlantis and Thunder Horse. BP says it once would have taken a year to analyze the Thunder Horse data, but it now takes just weeks. MP: Two words – Big.Data. Oh… and Peak.What? Related: Obama in 2012…… Peak what? Mark Perry

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AEI
Peak what?

BP just discovered a billion barrels of oil in the Gulf of Mexico

BP’s investment in next-generation technology just paid off to the tune of a billion barrels of oil. BP made the massive 1 billion-barrel discovery at its Thunder Horse field off the tip of Louisiana. Executives are crediting their investment in advanced seismic technology and data processing for speeding up the company’s ability to confirm the discoveries at Atlantis and Thunder Horse. BP says it once would have taken a year to analyze the Thunder Horse data, but it now takes just weeks.

MP: Two words – Big.Data. Oh… and Peak.What?

Related: Obama in 2012……

Peak what?
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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