What producers need to do instead is subscribe to the development of the Preliminary Specification. They’ll need some money to do this so they’ll have to find some to make the necessary commitment. To determine their share they’ll need to calculate our budget times the amount of their deliverability, in relation to the total deliverability of oil and gas for North America. That share of our costs will be their upfront commitment to this development. No one said this was going to be easy. The scope and scale of this problem demands that a solution be provided. The upside is that they might be able to fend off any attempts to run them out of the business by the bankers and investors. Showing them that they have a plan as to how to deal with the situation might make the investors and bankers feel more comfortable than they do now. Secondly, the upside of doing this, that is our value proposition is in the range of $25.7 to $45.7 trillion over the next 25 years. This as a result of our price maker strategy and the ability of the industry to begin to return the capital that’s invested in it. Establishing the industry on the basis of the most profitable means of oil and gas operations. Making it a commercial enterprise not this daycare inspired activity exercise.
I’ll bet that stung a bit. Take a critical look at the industry today. The present value of the North American industry is worthless. Nothing of value is being generated by it as a commercial business. Its activity for the sake of activity. Doing rather thinking. Is this the best that the industry can do? Can we take what we have today and rise to the challenge of meeting the needs of our investors and consumers over the next 25 years? Not on the basis of this lot. And not on the basis of kneeling down and praying for the “market to rebalance.” It’s time to shape up and start doing the job that has been entrusted to the industry. Take a position; lead, follow or get the hell out of the way.
Why did we have to take it to this level of destruction? That is the question that I guess we’ll never know. It seems human nature to want to keep trying the old ways until it's obvious they no longer work. The point is that we can start to focus on the solution now and begin to make the changes that are going to turn the oil and gas industry into the dynamic, innovative, accountable and profitable oil and gas industry that it needs to be in the long run.
The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative, profitable and successful means of oil and gas operations. People, Ideas & Objects Revenue Model specifies the means in which investors can participate in these user defined software developments. Users are welcome to join me here. Together we can begin to meet the future demands for energy. And don’t forget to join our network on Twitter @piobiz anyone can contact me at 403-200-2302 or email here.