New Oil and Old Hopes – The Bakken Formation

I didn’t know about this one: The Bakken Formation in central USA. A recent U.S. Geological Survey (USGS) report from April 10, 2008 documents the oil reserve in these rocks. Somewhere around 200 billion barrels that lie conveniently in the middle of the USA....

What Goes Around…

In a small town in the United States, the place looks almost totally deserted. It is tough times, everybody is in debt, and everybody lives on credit. Suddenly, a rich tourist comes to town. He enters the town’s only hotel, lays a 100 dollar bill on the reception...
How to Become Insanely Rich

How to Become Insanely Rich

It has been more than 12 years since I built one of my first major capital projects. I was 24 at the time. I hunkered down to do everything that needed to be done to build a major piece of critical infrastructure in a multi-billion dollar refining operation. And I did...

Working smarter and not harder

When I was 13 years old, I was living with my family on a farm in far western NSW. This was “Outback Australia”. A new local TV tower had been installed about 5 km away and so we could now watch Australia’s equivalent to the BBC without watching it...