BP Discovers ‘Giant’ Oil Field in Gulf of Mexico

" The British oil giant, BP, announced on Wednesday the discovery of what it characterized as a “giant” oil field more than six miles deep in the Gulf of Mexico, but it may take years to assess how much crude can actually be recovered." -- 500 million barrels is not "giant"; it's "tiny.". 20 billion, like Brazil's recent find, is "medium". "Giant" is 100-200 billion.