An Olive Branch, Part I
It is the bureaucrats that the world will be looking to for a solution to the losses and disastrous consequences of their actions and inactions. They will be asked “what is the plan.” “What do you need to do to get out of this mess and do it as soon as you can.” There isn’t much in the way of a scenario where an industry is on fire, such as the oil and gas industry currently is. How will the powers that be put that fire out, and how soon will it resume normal operations. Standing at attention on the bridge of the ship, blinking in response to the question, with your pants on fire, isn’t going to inspire anyone.
Best to think quickly what your options are. The classic management excuse in the development of all scenarios is a) to do nothing. And they have been relying on this one for six or seven decades now. Clearly this won’t work, so we need new ideas. It’s at this point in time that I would point out that I had a vision in 1991 of how the industry could operate. One in which Information Technology would be the key enabler. It's now 24 years since that “idea” permeated my head and it has taken me this long to develop the Preliminary Specification. So coming up with a new idea on the bridge of the ship while your pants are on fire is the appropriate time and the appropriate place. Still the question has to be asked, what are our options?
Have I ever mentioned that we provide a $45.7 trillion (with a T) value proposition. Or that by funding our budget the producers could state that they have a solution to this issue and would be able to reclaim some of the past years $700 billion damage done to their stock market capitalizations. I’d be surprised if I hadn’t mentioned our value proposition. Anyway these are the values that should motivate the bureaucrats to act. Sure it would be the end of their reign of power. But what is it that they think they have?
We have our budget here at People, Ideas & Objects which will take some mental preparation for those that need to fund it. Think value proposition! One thing that can be done in the short term is that we can offer the producers an option. Our olive branch. The Preliminary Specification as a solution to the difficulties they face. This however will cost the producers a monthly fee, paid annually, in order to be part of the group of producers that are participating in this solution. It will be in this way that People, Ideas & Objects can begin the process of generating revenues, something we know absolutely nothing of. In exchange for this fee, producers will be able to state they have this option, and they are moving forward with this option as a solution to the problem. It’ll make the bureaucrats look like geniuses, and maybe even stop a round or two of layoffs.
Bureaucrats have a record, over the 24 years that I have been doing this, that stinks. The performance of the stocks of oil and gas producers has mapped closely to the commodity prices. Commodity prices go up, producers stocks go up. What is it that the bureaucrats are doing. How have they provided value to their shareholders, society and most importantly to the people who work in the industry. It is clear they’re only trading on the commodities. Why not just set up shop in Chicago and trade commodities then. This is a terrible record, however, it gets much worse. The times when commodity prices were high, bureaucrats were the ones found to be in the trough crowding out everyone else before anyone got their share. If they want to mitigate the sting of this record, rectify the problem in the industry, and keep their options open. This can be done by subscribing to this “option” of People, Ideas & Objects. We will publish the names of the producers that subscribe and you too may enjoy some stock price increases based on the potential value producers can earn in the future. Their incentive is to show the world they have a solution to the problem. Then with the efficient market hypothesis, their stocks will reclaim some of their lost stock market values.
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.