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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tom Swift who wrote (32515)	5/28/2004 12:07:14 AM
From: Jimbobwae	Read Replies (1) \| Respond to of 206188

Tom, a former business partner of mine studied Russian impact craters or astroblems as part of the nuclear verification treaties during the '80's. She said the Russians did not know that these structures were in fact correlated to hydrocarbons and that the US has known for some time the potential for petroleum to be found in association with these features. By the way she is a geologist. Its well known among explorationists that a dismissive rivalry exists between geologists and geophysicists. The latter all too often think they know everything.

To: Tom Swift who wrote (32515)	5/28/2004 12:50:26 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 206188

A friend of mine, who's a Doctor, says theories are like Popsicle sticks - you can buy a bag of 1,000 for $1.49 plus tax. The geophysicists at Chevron had programed the geophysical characteristics of all of the known oil deposits around the world for which the company had seismic sections. The program simply compared the seismic sections of of new areas to those on file. Those strata which were very similar to known oil and gas bearing strata in other regions were highlighted in bright magenta. They didn't put forward a lot of effort to develop theories to explain why the oil might be there. You would simply get a description of which known deposits in the world it was similar to and in what ways it was similar. The geologists thought this was like voodoo, but it all seemed pretty reasonable to me. The program had a very, very, high success rate without the benefit of any theories -whether it be comets, dinosaurs, or gas escaping from the Earth's core. You were free to develop your own Popsicle stick after we struck oil. It's like economics or the way I like to analyze the financial aspects of a project. Sometimes too much focus on theories can prevent you from clearly seeing the reality of what is actually happening. Stay open to unexpected correlations and you often learn about things you never would have expected.