Sunday, May 18, 2008

iRobot May Go Drilling For Oil

iRobot may relaunch its long-shuttered efforts to build robots for oil drilling. (CNET has the stories). Robots are already employed by the oil industry, primarily for cleaning the insides of pipelines. But to actually aid in the drilling -- well, if successful, the profits could be enormous given the price of oil. I wonder if iRobot could get seed R&D money from one of the big oil companies given that they are currently swimming in profits?

iRobot had tried its hand at oil drilling way back in the 1990s, when oil was a lot cheaper.

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