The official site of Director Paul Thomas Anderson ("Punch-Drunk Love", "Magnolia") has given out news on the mastermind's next project and it involves a substance that's used for various things ranging from cooking to lubricating cars. Here's the scoop:

"Paul never ceases to surprise us & it seems his next film will most likely be......."Oil"! "Oil!" is 1927 novel by Upton Sinclair that PTA has adapted. This would be his first film not based on on of his own original screenplays. It's a tale of of scandal, intrigue and politics. It looks like Daniel Day-Lewis will be the star. Lastly, it seems that Paul is still looking for financing, so a studio has yet to be determined. Obviously, a possible release date can't even be speculated at this point."

Thanks to 'Slick'