Recent submissions

Comment · 16 years ago
I started my own oil company. I'm 27. See: http://www.eser.org

Stats:

* There are thousands of independent oil and gas producers in the United States.

* Independent producers develop 90 percent of domestic oil and gas wells, produce 68 percent of domestic oil and produce 82 percent of domestic natural gas.

* Most independents have fewer than 20 employees.

See the "Independent Petroleum Association of America": http://www.ipaa.org

Comment · 16 years ago
* Eric Schmidt gave a presentation at the Computer History Museum in 2001 on lessons learned through his experiences in the technology industry.

* The Computer History Museum talk is called "Unwinnable Wars: Personal Persepctives on Technology Leadership" and can be accessed through Google Video

Notes from the talk:

"Lessons Learned":

1. Against A Fast Competitor, A Cloning Strategy Doesn't Work

* For instance, Sun's attempt to develop a Win32 API Clone called WABI failed

2. There will always be an open source choice

3. Consortia don't work

4. There will always be a Microsoft or IBM, etc...

5. Multi-software unification doesn't work (license conflicts, etc...)

6. Your strategy should be complete market domination. Because if you don't, someone else will. There will always be unitary choice at every control point.

Strategies That Work:

1. Low-cost proprietary (Dell, Ebay, Microsoft)

Comment · 16 years ago
ok. I removed that feature.

This is actually the second version of the same idea -- "an oil and gas search engine".

The first version was called "Hydrocarbon Search": http://hydrocarbon.search.eser.org/

By including delicious-like hierarchical tags, the second version became much more useful.

Problem was, there was no business model.

So, I'm working on the third version now -- its designed to run on the yet-to-be-released GPS-enabled iPad.

So, you can take it out into the field and have it tell you about nearby oil wells, seismic surveys, leaseholds, remote sensing data, surface linears, offshore oil and gas blocks (if you are on a boat, for example), etc...

It's going to be pretty sweet. The business model is to charge for each region seperately: north texas, west texas, east texas, colorado, offshore shallow gulf of mexico, offshore deep-water gulf of mexico, north sea, australia, etc...

And since the data changes daily, it will be a subscription service.

Hopefully, third time is a charm

Comment · 16 years ago
We implemented hierarchical tags for our oil and gas search engine, having been inspired by delicious: http://www.resourceplay.com

Hierarchical tagging has tremendous practical utility for sifting through large volumes of data.

Comment · 16 years ago
Comment · 16 years ago
Comment · 17 years ago
"Raw materials only drive economies when they are relatively small economies that can hitch themselves on larger consumer spending economies that are booming"

The United States' consumer-led economy isn't "booming".

"The problem with global recessions is that demand for everything tanks and that includes raw materials."

Have you checked the price of gold and oil recently? Those definitely _are_ booming :-)

"The so called "voracious appetite" of China is only voracious because they use it to feed the voracious appetite of America for consumer goods. If Americans keep getting poorer that appetite of China will no longer be voracious and raw materials prices will keep falling."

China's economy is expected to grow 8.3% this year, and raw materials prices are soaring. Believe me, I know :)

The only thing that's falling is the consumer-sector of the economy. The US economy is bifrucating between core industries and the consumer sector.

I think it's reasonable to expect that the consumer side of the US economy will contract dramatically from the 70% of economic activity that it currently represents -- it has to come more in-line with the rest of the world.

It's a fallacy to think that the consumer has to drive economic growth -- that's been a phenomenon unique to the US since WWII.

Comment · 17 years ago
"Coal is too expensive to transport for export". Seriously?

The United States exports over 60 million tons of coal each year.

"Good luck basing our economy on coal."

China is building one new coal fired power plant each week. The OECD projects China's economy to grow 8.3% this year -- while the rest of the world is mired in a recession. China's entire economy is based on coal.

Warren buffet just bet the entire future of Berkshire Hathaway, his life's work, on coal -- BNSF is the prime mover of US coal exports to China.

You really have no clue about hydrocarbons.

Comment · 17 years ago
Re: "Nobody disputes that including coal the US has the most carbohydrates."

Carbohydrates are what you eat for breakfast.

Comment · 17 years ago
Column #3 on Table 6, page 23 is the sum of: proved hydrocarbon reserves (from table #5) + undiscovered hydrocarbon reserves in BOE.

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