Word: dykes
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Dates: during 2000-2009
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...rival such gushers as Alaska's North Slope or Britain's North Sea? One might think the giant oil companies have the answer. But the biggest customers of all are turning to a 79-year-old Texan who operates like the Indiana Jones of the oil patch. Gene Van Dyke is one of the last of the wildcatters, independent operators who roam jungles and deserts looking for black gold. He has become the man to see if you need millions of barrels of crude oil a day to fuel a booming industrializing country, which is why the rough-hewn geologist...
That's where Van Dyke believes the world's next great oil field lies. He is now the largest deepwater license holder in Africa, with 20 million acres under license, an area equivalent to 70% of the Gulf of Mexico's deepwater fields. He believes that the region could hold as much as 100 billion bbl., equal to the reserves of such oil powers as Iran or Kuwait. Now wealthy partners are lining up to pay the cost of drilling exploratory wells, which runs into the tens of millions per try. "The Chinese and Indians, they're the ones that...
...Dyke has always liked to walk on the wild side. Ten years ago, when he started nosing around West Africa, the price of oil was only $20 per bbl. His friends thought he was crazy sinking money into leases with untested, unstable countries. Today, with a barrel of crude at close to triple that price, demand soaring and experts sounding alarms about depleting reserves, the majors are following Van Dyke's lead. In the offices of Houston-based Vanco Energy Corp., of which Van Dyke is chairman, you can see where this wildcatter is placing his bets. African tribal masks...
Republicans said signs for Miers were more ominous than ever. Even staunch Bush supporters suggested he might be better off starting fresh with a new pick. But James T. Dyke Jr., a White House official who is working with Miers, told TIME, "Is it easy? No. Are we making progress? Absolutely...
...running the White House communications operation supporting the nomination of John G. Roberts, who will have the President on hand Monday at the Supreme Court for an investiture ceremony as chief justice. Administration officials say that in Schmidt's absence, the slack will be taken up by Jim Dyke, who was Republican National Committee (RNC) communications director during the reelection campaign and now runs a consulting firm, Jim Dyke & Associates, in Charleston, S.C. Aides tell TIME that the confirmation team for Harriet Miers, Bush's second nominee, will not include Fred Thompson, the Law and Order actor and former senator...