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Oilfield drill bit. JERICAN | 2006/11/26 The Jack Field oil discovery was greeted by the American news media with euphoria. On September 6,2006, The New York Times carried this big headline, “New Oil Field in Gulf May Yield Billions of Barrels“. Initial resource estimates touted by CNBC and other main-stream financial outlets declared that somewhere […]

Whale, saved by crude oil JERICAN | 2006/11/25 A clean-burning kerosene lamp invented by Michael Dietz in 1857 saved the whales from extinction. Prior to the 1800s, torches, candles made from tallow, and lamps which burned oils rendered from animal fat were in popular use. In the late 1700s sperm whale oil was popular for […]

Various offshore oil drilling platforms JERICAN | 2006/11/13 Until recently, seismic images from below deep salt formations were muffled and largely useless. New advanced mathematical formulas and other new technology allow interpreting the images, bringing potential new discoveries of oil and gas from the depths of the ocean. Chevron Corp. and partners Devon Energy Corp. […]