I remember hearing when I was a student of geology many years ago that there is an undrilled super-structure somewhere off the coast of Florida that contains untold barrels of oil.
The Government was into buying cheap foreign oil at the time (we couldn’t export oil then and we still can’t) and saving our own nest egg until some future time when our country finds itself in a real energy crisis. Urban myth? I have no clue.
Companies begin quest for oil, gas off Fla. coast: Financial News - Yahoo! Finance.