OPEC cuts oil production

[LateNight]

Didn't we recently discover some HUGE find of oil out in the Gulf here recently ? Seems they said it would be a few years before they could start to see some benefit from this find however.

Oil companies see big Gulf of Mexico discovery
Tests suggest huge oil field found in deep waters

A trio of oil companies led by Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost the nation’s reserves by more than 50 percent. A test well indicates it could be the biggest new domestic oil discovery since Alaska’s Prudhoe Bay a generation ago.