Today 80 percent of all the oil that comes out of the Gulf is from 1 000 feet or more and today almost a third of it is more than 5 000 feet below the surface. What hasn't happened is the safety and the ability to respond to a negative event such as this blowout has been far outrun by the technology of drilling itself. We need to close that gap.
The U.S. is looking to India as more then just a marketplace for our defense products but as a technology aerospace and strategic partner for our future endeavors.
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Technology is the fashion of the '90s. It affects everyone and everyone is interested in it – either from fear of being left behind or because they have a real need to use technology.
