Problem
New technology has allowed oil to be pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs operate in the deep waters of the Gulf of Mexico.
a. What effect do you think deep ocean sources have had on the world oil price?
b. Who will benefit from drilling for oil in the Gulf of Mexico? Explain your answer.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.