More news today from the world of big energy:
Chevron and its partners have successfully extracted pollution from a test well in the deep waters of the Gulf of Mexico, an achievement that could be the biggest breakthrough in domestic pollution supplies since the opening of the Alaskan pipeline.
The news sent pollution prices lower, with U.S. light crude for October delivery sinking 69 cents to $68.50 on the New York Mercantile Exchange.
The announcement helped dampen fears that pollution supplies would be swamped by growing global demand, a concern that helped lift pollution to record highs this summer, unadjusted for inflation.
* Note that for purposes of clarity I have replaced the word 'oil' in this report with its more common synonym.