New York Times reported today that new technology and generous investments in the early part of the decade have been fueling a good year for the oil industry. Jim Hackett, CEO of Anadarko Petroleum, is not surprised.
He talked to Big Think last year about how this new willingness to explore and the potential of new technology could produce advantageous results not only for Big Oil, but for everday consumers.
Sure enough, Last week Anadarko announced a plentiful deepwater petroleum find offshore Sierra Leone. BP also added a monumental discovery in the Gulf of Mexico to a rapidly growing list of new finds.
Unfortunately, industry leaders like Hackett remain wary of oils staying power even in light of the recent good news, citing the limitations of cost and the inability of discovery to keep pace with consumer demand. In his interview, Hackett stressed the importance of developing domestic natural gas fields and remaining flexible in our search for new sources.
Harvard psychologists discover why we dislike the people who deliver bad news.
- A new study looked at why people tend to "shoot the messenger".
- It's a fact that people don't like those who deliver them bad news.
- The effect stems from our inherent need to make sense of bad or unpredictable situations.
He reminds us that meaning is wherever we choose to look.
- Alan Watts suggests there is no ultimate meaning of life, but that "the quality of our state of mind" defines meaning for us.
- This is in contradiction to the notion that an inner essence is waiting to be discovered.
- Paying attention to everyday, mundane objects can become highly significant, filling life with meaning.
If life exists on Mars, there's a good chance it's related to us, say researchers.
When MIT research scientist Christopher Carr visited a green sand beach in Hawaii at the age of 9, he probably didn't think that he'd use the little olivine crystals beneath his feet to one day search for extraterrestrial life.
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