Podcast # 11, Value Proposition

 

I’m quite enjoying these podcasts we’re producing these days. They will become a regular feature of the content that we produce. They seem to capture many of the subtleties that may be hidden in plain sight to most readers. Having them confirmed at least is worthwhile. Today’s topic is our value proposition which is well covered here. There are still some minor details that need to be figured out how to correct, and this episode introduces what I would consider is an AI hallucination. One of the presenters stating they remember when something occurred back in the late 1970s. 

With each post now I’ll be posting the podcast and an index of the podcasts to date for users to access. 

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Index. 

Podcast # 10 - Rebuilding Oil & Gas White Paper

Summer is in full swing, and People, Ideas & Objects are thrilled with the enthusiastic response to our podcast series, which introduces the Preliminary Specification and its underlying concepts. We’ll be pausing regular blog posts in July and August to focus on releasing white papers.

Over the next three weeks, we’re launching more podcasts, each highlighting one of the six white papers People, Ideas & Objects published in 2025. The first podcast, covering our April 7, 2025 paper, “Oil & Gas Arbitrage: The Market Finds Away” explores how investors can drive transformative change using the Preliminary Specification and participate effectively in rebuilding the industry. 

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Professor Paul Romer’s Theories, Podcast # 9

One of People, Ideas & Objects seven Organizational Constructs is the implementation of Professor Paul Romer’s theories captured in his 1990 paper “Endogenous Technical Change.” A principle we’ve adopted throughout the North American oil & gas industry and producer population. Where, for example, we share the cost of our Cloud Administration & Accounting for Oil & Gas software and services as opposed to each producer building the infrastructure individually within their company. 

It’s not just administration and accounting that’s covered by these principles. Operations, geological and engineering also have benefits from Romer’s thinking in the Preliminary Specification. 

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Professor Giovanni Dosi Theories, Podcast, # 8

 Just as Tuesdays podcast covered Professor Langlois’ theories and our application of those to oil and gas. Today is Professor Giovanni Dosi’s ideas under the microscope. And if I hadn’t mentioned it before this AI tool is good at compiling vast quantities of information and making it easy to digest. 189 documents produced 141 blog posts and summarized in the Preliminary Specification on our wiki. 

Professor Dosi has specialized in innovation and the foundational document we used to prepare a large percentage of our features of the Preliminary Specification was “Sources, Procedures and Microeconomic Effects of Innovation.”

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Professor Richard N. Langlois Theories, Podcast # 7.

 The value of this podcast is quite satisfactory. I don’t believe there are any errors in the content and the work the AI completed is directly in line with what I’m thinking when discussing the Preliminary Specification. This podcast is the compilation of the 221 text files I created to publish the 195 blog posts on our blog and wiki of Professor Richard N. Langlois’ work. 

In a 20 minute summary they’ve captured the substance of his research and our application of that to oil & gas. 

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Accounting Voucher, Material Balance Report, Podcast # 6

I’m coming to the realization People, Ideas & Objects have content for several years of podcasts. The Accounting Voucher Module and the Material Balance Report are being introduced today.

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Podcast # 5, Our Response to an RFP

I’m pleased with the two podcasts being published this week. Our podcast today is based on the wiki page of our RFP Response. I’m getting better at prepping these however there are still some minor issues that aren’t too bad. To verify any questions you may have please refer to the text of the wiki entry. 

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Podcast # 4, Preamble

 Another podcast to finish out the week. Still have a few glitches here and there but overall it’s better than before. The two that jump out are the $4.1 trillion in shale gas losses are attributed to overproductions effects on natural gas prices. Falling from their heating value based price of 6:1. To a price as low as 50:1 in 2024. 

The second is in answer to the question at the end about what is needed to start the rebuilding process. And before anyone else states the obvious, it’s money. The money the producer officers and directors sit on for whatever reason. 

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Podcast # 3 - Seven Organizational Constructs

 People, Ideas & Objects Preliminary Specification has seven organizational constructs which work to establish a culture of reserves preservation, performance and profitability. 

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Profitable Production Rights, Podcast # 2

Our second podcast deals with Profitable Production Rights. How People, Ideas & Objects and our user community generate the revenues we need to develop and support for the long term the Preliminary Specification. I should note service providers generate their revenue through direct billing to each Joint Operating Committee. 

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We’re Podcasting!

I've always quipped that I have a "face for radio and a voice for print." While our Preliminary Specification is packed with insights I could discuss for days, I was thrilled to discover Google's NotebookLM with Gemini, which can generate podcasts directly from this content.

I have consistently maintained that Intellectual Property (IP) and Artificial Intelligence (AI) work together in a mutually beneficial manner. This assertion is supported by the creation of our Podcast series. Our licensed user community members possess the rights to prepare derivative works from the Preliminary Specification. Therefore, as you will observe, the dissemination of the underlying concepts of the Preliminary Specification is significantly enhanced through these AI generated podcasts. This demonstrates the significance of IP and AI in the context of People, Ideas & Objects development.

These initial episodes are first drafts, and I'll be refining them as I become more familiar with the process and the tool. I personally dislike acronyms and apologize for the use of them by the presenters. These AI presenters do a fantastic job otherwise, and I'm excited about the potential!

I plan to release new episodes twice a week for the next two weeks and then 1 per week after that. I invite you to check out our debut, "Profitable North American Oil & Gas." 

Comments or questions are always welcome. 

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