Some good news from the Bahamas.
Controversial oil exploration in the Bahamas has turned up too little oil to be commercially viable, according to a report Monday by Bahamas Petroleum.
In its statement to investors, Bahamas Petroleum said an exploratory well 90 miles west of Andros, and about 41 miles northeast of Cuba, had been capped after reaching nearly 13,000 feet.
The drilling found some oil, but not enough to support a commercial operation.
LINK (via: WLRN)