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To: JimisJim who wrote (125884)11/23/2009 10:29:28 PM
From: elmatador  Respond to of 206151
 
End? Period? Relax this is only the end of the beginning. We are not even in the beginning of the middle.

See Paradigm Shift: The paradigm, in Kuhn's view, is not simply the current theory, but the entire worldview in which it exists, and all of the implications which come with it.

We've ran out of oil every thirty years. Big oil have been downsizing for the past 30 years. They ave been trying to make easy money-low risk.

As a result of downsizing, most of the engineers and specialists retired from their cushy jobs. No young people seeking careers in oil

Most young people want to save the world and become marine biologists. Working with oil does not attract them.

Meanwhile out there a revolution is taking place:

A scientific revolution occurs, according to Kuhn, when scientists encounter anomalies which cannot be explained by the universally accepted paradigm within which scientific progress has thereto been made.



To: JimisJim who wrote (125884)9/17/2010 3:37:14 PM
From: elmatador1 Recommendation  Read Replies (1) | Respond to of 206151
 
"All the macho in the world won't change the economics or the geo-physics."

Given that markets are in something of a funk, the mere fact Brazil is attempting this now, and on the eve of a presidential election, is a sign of brazen confidence

Brazil stakes future on $75bn Petrobras offer

That is why what may prove to be the world’s largest share-offering, by Brazil’s Petrobras later this year

ft.com