The bureaucrats, when I produced the Preliminary Research Report proposal, laughed at me and then went behind my back to try and steal the ideas that make up the Preliminary Specification. They tried at least two more times in the past ten years and I caught them each time. These actions were designed to remove the competition from the marketplace, not to implement them. When I adopted the byline of “providing oil and gas producers with the most profitable means of oil and gas operations.” They laughed at me again and said that no one worries about profits. Called me a few more names and so on. Now they face this wreckage that they’ve caused in the industry. Is there any doubt who’s responsible? Now instead of doing anything responsible about the situation, they’ll just exit.
Today we see that breaching the natural gas storage capacity has not been kind to the natural gas prices. Bureaucrats have been actively “rebalancing the marketplace” in natural gas for almost six years and in oil for over a year. Which is the critical point in this discussion but first let's note this for the collection. “Rebalancing the market,” is another bureaucratic myth that falls prey to the giant sucking sound. Bureaucrats want us to believe that their actions have no effect on the price of oil or gas. We now have proof that that is not the case. This week's decline in natural gas prices is wholly attributable to bureaucratic incompetence. Remember that giant sucking sound is the credibility of the bureaucrats evaporating. More importantly, the Preliminary Specifications decentralized production models price maker strategy can be seen as valid and viable
The solution to these issues that will be coming from the bureaucrats will of course be to build more storage. What we need to do is to adopt on an industry wide basis an understanding that every molecule of oil and natural gas needs to be produced profitably. It is irreplaceable and too valuable to be throwing away in the manner that we are doing. The cumulative loss in market capitalization over the past year has been in excess of $711 billion for the top 14 North American based producers. That is exactly 177.75 times People, Ideas & Objects budget. That could make for a handsome investment for those that want to take control of the industry away from the bureaucrats and operate the industry profitably. And recall too that our value proposition is in the range of $25.7 to $45.7 trillion over the next 25 years. Just a thought.
Our analogy to the former Soviet Union is apt when the natural gas prices behave as they have been. People would line up for days in the hope that the bakery would have bread any minute! We now see the bureaucrats will continue to produce in the hopes that the “market will rebalance itself” any minute! Hope being the constant in both communist countries and the bureaucratic oath of inaction.
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.