In theworld’s deepest gold mine, workers will venture 2.5 miles (4 km) below the Earth’s surface to extract from a 30-inch (0.8m) wide vein of gold-rich ore. While these depths are impressive, mining is limited by the frailty of the human body. The world’s deepest oil well, known as Z-44 Chayvo, goes over 40,000 ft (12 km) into the ground – equal to 15 Burj Khalifas (the tallest skyscraper) stacked on top of each other
"I didn't want this job. I didn't seek this job," Tillerson told the Independent Journal Review in an interview during his recent Asia trip. When asked why he agreed to take on the position of secretary of State, Tillerson said his wife "told me I'm supposed to do this."
US oil rig counts rose for the 7th straight week (up 7 to 609) to the highest level since October 2015. And production looks set to rise further as Exxon will now ramp up spending on shale drilling, after watching dozens of smaller companies profit from the surge in production in Texas, North Dakota and elsewhere over the past decade.
"The best-case scenario has come about, which is to say the end of a world facing the specter of a mushroom cloud. With Hillary Clinton's defeat, we avoided a nuclear denouement stemming from a direct clash with Russia in Syria and an escalation of the conflict in Ukraine. Unfortunately the good news ends here."
Canadian oil sands is struggling to remain competitive in a marketplace that has changed dramatically from three years ago. A glaring example of this problem came from ExxonMobil this week, which announced that it had removed 3.3 billion barrels of Canadian oil sands from its books.
The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound.