Good News For the Oil Supply, But Is It Good Enough?
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.
How a cataclysm worse than what killed the dinosaurs destroyed 90 percent of all life on Earth.
While the demise of the dinosaurs gets more attention as far as mass extinctions go, an even more disastrous event called "the Great Dying” or the “End-Permian Extinction” happened on Earth prior to that. Now scientists discovered how this cataclysm, which took place about 250 million years ago, managed to kill off more than 90 percent of all life on the planet.
A new study discovers the “liking gap” — the difference between how we view others we’re meeting for the first time, and the way we think they’re seeing us.
We tend to be defensive socially. When we meet new people, we’re often concerned with how we’re coming off. Our anxiety causes us to be so concerned with the impression we’re creating that we fail to notice that the same is true of the other person as well. A new study led by Erica J. Boothby, published on September 5 in Psychological Science, reveals how people tend to like us more in first encounters than we’d ever suspect.
Using advanced laser technology, scientists at NASA will track global changes in ice with greater accuracy.
Leaving from Vandenberg Air Force base in California this coming Saturday, at 8:46 a.m. ET, the Ice, Cloud, and Land Elevation Satellite-2 — or, the "ICESat-2" — is perched atop a United Launch Alliance Delta II rocket, and when it assumes its orbit, it will study ice layers at Earth's poles, using its only payload, the Advance Topographic Laser Altimeter System (ATLAS).
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