Has US found a treasure mine with its oil reserves? – Project Bronco

What did we all think about US and oil… well most of us believed the US didn’t have enough and Bush’s idea was to get it from Iraq!!! This is just a major cover up by the US.

Apparently for the past 40 years US geologists have been trying to figure out. or rather exploring a major oil reserve in the US. Supposedly one which can give the US oil for decades. And now they may have just succeeded!!!

“Project Bronco” is how its known, (supposedly top-secret). Its aim – to tap the single largest (trapped) oil resource in the world.

Oil Reservoirs in US

A map of US showing the oil deposits

How much of oil is there? well about 430 million barrels!! lets look at something more understandable – This deposit alone is more than Iraq and Saudi Arabia Combined. Now ain’t that huge???

Lets go back in time a bit. Most of us tend to forget while some of us don’t even know that the US was a major oil producer which could satisfy its own need… Apparently Illinois alone produced more than Iran and Iraq together. What happened then? well the oil wells “dried up”.  The oil was available but in such a way that it couldn’t be mined/retrieved normally…

The US discovered that they were sitting on a gold mine (which was locked) and they didn’t have the key.. So they set up Project Bronco with the sole aim of finding a method to release the world’s largest oil reservoir!

And now after a few decades they’ve finally found a method to access these trapped oil sources… and whats more, the method they’ve found is so simple that it can be used on any existing well…

This is huge news and has loads of repercussions. This is going to catapult the US economy away from the doldrums, its gonna gain the US trust, and it’ll also increase the power of the dollar, to name a few…the list is huge and too vast to even comprehend…

Has the US once again found something that’s gonna take them over the top? We’ll just have to wait and watch… My personal opinion – investing a bit in the US oil companies won’t do us any harm!!!

Post your ideas on the effect of this discovery as comments

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Mysql, is it the end?

The open source community has had a bit of a shock recently… When Oracle announced the takeover of Sun Microsystems the first thing that came into one’s mind was “What’s going to happen to Mysql?”

Now a few days ago many open source enthusiasts searched the Mysql site for its previously available source code, but to no avail !

Also to note Ken Jacobs an Oracle employee and Oracle’s liaison with the Mysql community for quite a few years retired on Friday. Jacobs hasn’t stated reasons for his departure but it is believed that him not being selected to run Mysql (which is now a part of Oracle) is one of the major reasons.

Ken Jacobs

Ken Jacobs

Jacobs was the man who ensured that Oracle’s takeover of InnoDB ( a storage engine for Mysql), wasn’t to try to kill Mysql.  He helped maintain the peace which existed before the takeover.

Now about the missing source code. Most technologists believe that this is temporary. (I seriously hope so). This has created quite a flutter with people jus looking through the site in repeated intervals to see if its up again!

The only consolation we may have for now is the email Jacobs sent out during his departure.

I know that there are many people in the open source community who are concerned about Oracle’s plans for MySQL. They are wrong to worry. Oracle will keep its commitments to invest in MySQL, and help grow the business. Oracle will make MySQL better. Doing so gives Oracle a presence in new markets, and the resources and investment Oracle will make should mean great things for customers, as well as the larger community.

You will find Oracle a terrific place to work! I believe it is good for MySQL (the product, the company, the people and the community) that you are now part of a software company. And a database company. And a company that is profitable, and that innovates and delivers high customer satisfaction. That’s where MySQL belongs!

Lets cross our fingers and hope to god he was right!

Edward Screven, Oracle’s Chiefo Corporate Architect will be heading Mysql, and he will reporting directly to Oracle’s CEO Larry Elison. This may prove to be a bonus point for Mysql.

We’ll just have to wait and see what lays ahead for Mysql.

I know that there are many people in the open source community who are concerned about Oracle’s plans for MySQL. They are wrong to worry. Oracle will keep its commitments to invest in MySQL, and help grow the business. Oracle will make MySQL better. Doing so gives Oracle a presence in new markets, and the resources and investment Oracle will make should mean great things for customers, as well as the larger community.

You will find Oracle a terrific place to work! I believe it is good for MySQL (the product, the company, the people and the community) that you are now part of a software company. And a database company. And a company that is profitable, and that innovates and delivers high customer satisfaction. That’s where MySQL belongs!

Mukesh in a take-over deal for liverpool?

yup, you read that right!!

Mukesh Ambani, the richest Indian man may be looking to take over the liverpool!!!

Well apparently, according to sources, Mukesh says he would pay off the club’s huge £237 million debt in exchange for a 51 percent stake in the club.

As usual we have people from both the parties denying that any talks have been going on… but again there are rumors that say talks have been on since November last year…

Another thing to note is that when Reliance industries was questioned about its possible interest in liverpool, the spokesperson replied with “We are presently not in a position to comment”. Now this statement is kind of open ended, it gives us the feel that something is going on!

Ambani is said to be worth roughly $20 billion (derived from the ownership of Reliance Industries).  It is also important to note that Mukesh has always invested quite a bit in sports. (He recently created an IPL team in 2008 , the ‘Mumbai Indians’ where he invested about $80 million).

Well this seems to be a total new direction for Indians in football… We’ll have to wait and see if Mukesh succeeds in his take-over bid.