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Exact(2)
Its chief executive, Jeff Skilling, a former McKinsey consultant, won plaudits for designing the new concept of an asset-light energy company that would make money not by extracting stuff from the ground, but by trading it.
Mr Skilling had become one of America's most-admired executives for his innovative concept of an asset-light energy company that makes money not by extracting stuff from the ground but by trading it.
Similar(58)
Since a gas strike will make them rich, they will generally be enthusiastic about extracting the stuff.
Yet the cost of extracting the stuff has risen, and more steeply in the past four years (see chart).
In particular, as the high price of oil makes extracting the stuff from awkward spots worthwhile, business is booming for the companies that produce the equipment to do so.
But technology has made finding and extracting the stuff easier, and birthed a boom in drilling shale thin layers of rock a mile or more underground that reach for miles across the landscape.
It's creating new stuff versus extracting from old stuff.
The result is that the oil firms will have an even greater incentive to extract the stuff.
Much of the helium on earth leaks into space, and with only 5.2 parts per million in the air, it's not economically feasible with current technology to extract the stuff from the atmosphere.
If you can figure out how to extract that stuff from the Zune's memory, you're welcome to do with it as you wish.
But having a huge resource of methane sitting on the ocean floor is one thing; being able to extract the stuff economically and bring it to the surface is another.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com