Tuesday, September 1, 2009

wow this is sorta cool because i know geologists and they say to stay out of the feild but i guess you mix anything with oil you get money

http://curiouscapitalist.blogs.time.com/2009/08/31/the-financial-crisis-as-moneymaker/#more-6735

link to this story above

In Saturday's FT, Martin Sandbu tells the amazing tale of Farouk al-Kasim, the Iraqi geologist
who has been more responsible than anyone else for Norway's success as an oil
power.
[H]e and his Norwegian wife, Solfrid, had decided that their youngest
son, born with cerebral palsy, could only receive the care he needed there. But
it meant turning their backs on a world of comforts. Al-Kasim's successful
career had afforded them the prosperous lifestyle of Basra's upper-middle class.
Now they would live with Solfrid's family until he could find work, though he
had little hope of finding a job as rewarding as the one he had left behind. He
was not aware that oil exploration was under way on the Norwegian continental
shelf, and even if he had known, it wouldn't have been much cause for hope:
after five years of searching, still no oil had been found.
This was in 1968.
Once in Oslo, Al-Kasim paid a visit to the Ministry of Industry, just to see if
anyone there knew of any oil-company work in Norway. Before long he was
part of the inner circle of Norwegian government officials mapping out the
country's future as a major oil exporter. His most important early contribution,
as Sandbu tells it, was in persuading his Norwegian colleagues that the country
actually had a future as an oil exporter. All the early wells drilled had come
up empty, but Al-Kasim's analysis of the results convinced him that a big strike
was in the offing. It came in December 1969, with the discovery of the gigantic
undersea oil and gas field known as Ecofisk.

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