Our Plan, Part III

Now with the user community engaged it's time that we put the oil and gas industry and the producers on notice that we’re commencing developments effective September 4, 2017. Their options are limited, in our opinion, to supporting People, Ideas & Objects and its user community or closing their doors. There has been a lot of mud slinging these past few years but now is the time to get to work. People are beginning to see the problem that the Preliminary Specification is designed to solve. Some, unaware of the Preliminary Specification, even calling the issue unsolvable. It’s a difficult issue which is material to the health of the industry. Maybe producers will concern themselves with this opportunity, maybe they’ll chuckle. Either way they should consider the following.

It’s no longer just People, Ideas & Objects that are involved in this initiative. Our user community which is a fully independent organization, that is fully dedicated to resolving these issues, is also involved. People, Ideas & Objects have exhibited a persistence and commitment to resolving this issue over the past decades. We are stubborn and proud of it. I would hope that these characteristics are inherent in the user community. It may be unwise for the industry and producers to assume that it is. What if the user community, which is made up of professionals from the industry, doesn’t see the requisite support from industry. It’s too early to tell of course and we don’t want to be asking that question at any time in the future. It’s not within the user communities scope of risk to undertake.

This initiative is moving forward to rectify the issues in oil and gas. Should the industry support it? Why is this in question? People, Ideas & Objects and our user community have a value proposition that is in the trillions of dollars. These are incremental revenues to the costs that are already being incurred. These revenues would flow to the bottom line with only additional royalties and taxes being incurred. Again, why is this in question?

Abandoning the user community will leave the industry with no options. To disband would be like Humpty Dumpty, would industry be able to be put it back together again? The question would need to be asked, and what would happen to the Intellectual Property contained within the user community vision? It would still exist however only as a means in which the industry could not develop an alternate solution to People, Ideas & Objects and our user community. If industry refuses the user community and People, Ideas & Objects they are rejecting the Intellectual Property in the Preliminary Specification. We would also assert our Copyright of any other initiative that tried to use it in any way.

Then what? It took me ten years of research to come up with the Preliminary Specification. Maybe I’m slow. Does the industry have that kind of time to develop a new, workable and viable business model. This was ten years of research that was done after I determined the Joint Operating Committee is the key organizational construct of the industry. What organizational basis will the industry use to base an alternate specification upon. Or will the industry hold on to its policy of never paying royalties for Intellectual Property and litigate my claims for the next few years. It’s not so much the amount of time that industry has. Its how much money do they have. They have none and they’re running out of what they have very quickly. They need to start thinking more strategically and dump this muddle along strategy.

People, Ideas & Objects and our user community are currently constrained by the imagination of its members. Our capacity and ability to think, to resolve issues is the only impediment to us delivering software. We are on Internet time. We are implementing Oracle Fusion Middleware and Applications on an industry wide basis. That is our task. The only thing that could derail us now is the lack of, or constrained support from the industry and producer firms. This may be the key point for everyone to be thinking about. The issue is ripening and the solution in the form of the Preliminary Specification is in hand. Producers need to act decisively and quickly. I am not the enemy, I am presenting the solution to your problems.

The Preliminary Specification, our user community and service providers provide the dynamic, innovative, accountable and profitable oil and gas producer with the most profitable means of oil and gas operations. Setting the foundation for North America’s energy independence. 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. 

Our Plan, Part II

In yesterday’s blog post we commenced the developments of the Preliminary Specification. This began with a call to our user community to complete their applications and submit them to People, Ideas & Objects in order that we start building software on September 4, 2017. We have been involved in the development of our user community since the publication of the final copy of the Preliminary Specification in December 2013. Our commitment to user community based developments are unshakable. I will not involve this development in anything but user based developments and this is represented in the structure and configuration of People, Ideas & Objects user community vision. If you’ve been sitting on the sidelines waiting for the time to act and make your submission for the user community, now is that time. The oil and gas industry and producers have a systemic, chronic and unfixed issue that has resisted any identification or resolution to this point. I think I’ve documented here that the existing producers capacity to undertake the necessary changes to correct these problems is impossible. Therefore this issue is terminal to their health and welfare.

If you’ve ever wanted to involve yourself in user community developments. Now is that time to jump on board. Waiting at this time, thinking that People, Ideas & Objects are involved in a false start may prove to be difficult to overcome. Participation and commitment will be seen of those who desire to correct this issue in the industry and those who seek a better way. Now is the time to decide, what’s best for the industry, what’s best for society in general and what’s best for our future. Being a part of that is what is being offered through our user communities participation. Participation is about leadership. Leadership of the oil and gas industry through its darkest days. We will not be able to roll back the clock to this starting point for those that decide to wait it out.

Somebody needs to express to me a vision of how the industry can continue without the Preliminary Specification. I can’t see it. We have destitute oil and gas producers. I’ve never seen financial statements that reflect that these producer firms have been so destroyed, in my life. Throughout the industry. No cash, no working capital and no banking or investor support. Chronic and devastating losses. We go from optimism that commodity prices are going to rebound to the next commodity price decline, in as little as three months. Producers are stuck in a revolving door that has been locked and they’re just spinning around until they die of hunger. There is no leadership in the industry. It is their muddle along strategy’s ultimate manifestation of itself. Insanity.

We can sit and watch this act play out for a few more years. That could be eight more cycles of commodity price rebounds and declines. Sounds exciting to me. But at what point as a user community do we have to take responsibility for having this continue? Are we not becoming as responsible as the bureaucrats with their do nothing strategy. We as a user community are not doing anything either. We need to assert our leadership now and begin the process of forming and building the necessary user community to ensure that this nightmare ends. It is not up to us, yet, but it will be, and it will be because of us that this issue is resolved in a timely and effective way in the industry.

If you want user community involvement in the ERP systems you use in oil and gas then you’ll have to participate. If you want to have the power that is authorized to the user community through People, Ideas & Objects user community vision. Then you have to begin using it. It has been over three years that we’ve worked to plant the seed of the user community to drive the Preliminary Specifications development. It's now time for those users to make the changes in their life that they need to make to save the industry from itself. What we do know today is that no one is going to be doing so on their behalf. Those in responsible and authoritative positions would prefer to attack me than do anything constructive. There time to act came along time ago. It’s not that I started to do this a few weeks ago. They’ve known about this initiative for a long time and they’ve chosen not to do anything about it. Now we need to take the responsibility and authority away from them by establishing the user community, building the Preliminary Specification and fixing what is clearly wrong in the industry. Join me.

The Preliminary Specification, our user community and service providers provide the dynamic, innovative, accountable and profitable oil and gas producer with the most profitable means of oil and gas operations. Setting the foundation for North America’s energy independence. 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.

Our Plan, Part I

A quick summation of People, Ideas & Objects blog postings over the past six months. Has us identify and recognize the opportunity to establish a startup oil and gas producer has never been better. Our first series entitled “Best Business Opportunity, Ever” documented how the legacy costs and other constraints present in the current producers make for an impossible to remediate financial situation. That investors need to move to newly established producers. Companies that hold none of the legacy debts and share structures of the current producers. It is these legacy constraints that preclude any value ever being accrued to the new investors in the future. With the investors capitalization of these start-ups, these new producers can prosper by buying the old producers crown jewels at fire sale prices. Our second, just completed blog series documented why industry needs to proceed with the development of the Preliminary Specification. Entitled “My Argument” it provides the rationale to make the now evident and necessary changes in the industry and producer firms. These changes are to address the issues in the industry and are becoming more obvious to people each and every day.

Our new series, “The Plan” will document what we plan to do about all of this. 2017 is going to be the year in which we begin developments. The acceleration in People, Ideas & Objects momentum is breathtaking. I have been at this for almost 26 years and struggled for years at a time to move this initiative forward by an inch. Now we’re travelling at Internet speed and the next five years are going to be a blur. The issue in the oil and gas industry is ripe and soon to be over ripe. Choices for producers to resolve these issues are limited to People, Ideas & Objects Preliminary Specification and closing the doors. Our very good friends the bureaucrats won’t make the decision. They’ll just part ways with the company when things become untenable. Or in other words very soon. Their story about cold winters, or market rebalancing or that they’re now disciplined was believed over and over again these past few years. Faith that they understood what was necessary was placed in them, and yet here we are heading into another commodity price decline with all the associated pain being distributed everywhere. Will anyone be listening to what they have to say this time?

So here’s our plan. We begin developments of the Preliminary Specification effective September 4, 2017. People who are interested in participating in this development through our user community should begin the application process now. It will take time to both read the Preliminary Specification and develop your submission. It is imperative that everyone thoroughly read and even study the Preliminary Specification in its entirety to understand how the industry and the producer will operate in the future. Focusing on your area of concern and specialization will come through the process of development. Your focus now needs to be in gaining the overall understanding of the Preliminary Specification in order to comprehend the implications of the new business model and its impact. That way when we engage with one another within the community we will be well versed in the objectives and tasks that are necessary. Additional consideration will need to be given by yourself to the development of a service provider organization that you as a user community member will be called upon to provide to the industry. Begin to think of how it is that you will organize and establish that service. Determination of which processes will be distributed to which user community member will be based on the efforts and contributions made during the development process. Once developments are done we will be able to determine who has earned what opportunities.

User community participation is a part-time position. It will continue throughout the developments. People, Ideas & Objects are providing a software development capability to the oil and gas industry to provide the flexibility they need to meet the changes in their business. Therefore the user community will be in existence always. User community members primary source of revenues are the service providers they will be establishing to service the oil and gas producer and industry once our software is operational. Their secondary source will be the continued revenues earned as a user community member. Recall the decentralized production model reorganizes the producers administrative and accounting resources into the individual service providers. Focused on a single process and applying their services across the industry as their client base. The service provider organization which they own will be the primary source of revenue for the user community member.

No one is going to tell us to get moving. We are probably late in materially helping the industry in the short term. Things could get much worse and we should work towards resolving this systemic, chronic and otherwise unsolvable problem. It is up to us to do this. And it will be up to us to keep the industry dynamic, innovative, accountable and profitable.

The Preliminary Specification, our user community and service providers provide the dynamic, innovative, accountable and profitable oil and gas producer with the most profitable means of oil and gas operations. Setting the foundation for North America’s energy independence. 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.