Changes Needed in You, the User

Back to our primary focus at hand, the user community. People, Ideas & Objects software developments are user community based. Having software developers without a user community that is organized and focused is a waste of everyone’s time. People, Ideas & Objects and our user community are providing the oil and gas producer with the most dynamic, innovative and profitable means of oil and gas operations. The only way to do that in the 21st century is through user community based software developments. I can't express our commitment any clearer than this. This however, requires change at every level in the industry.

We have been working on user community developments since the completion of the Preliminary Specification in November 2013. Our plan involves securing the 30 or so leadership positions of the user community before the January 2017 industry deadline. This industry deadline involves progressive producers and investors funding the development of the Preliminary Specifications budget at that time. With the leadership team in place we will be able to provide the industry with the overall vision contained in the Preliminary Specification, and the user community in which will be able to provide the alternative means of oil and gas operations. An alternative to the current bureaucracy that is losing money, which is leaderless and unwilling to change.

Participants in our user community are empowered to make the changes that are necessary in the oil and gas industry. If an individual sees an element within a small part of an application that is incorrect they will have the mechanisms and processes to make the changes to correct these through the user community. In addition, if an individual develops a new business model that provides substantial value for the dynamic and innovative oil and gas producer. They can have that implemented through the user community as well. Contrast this capability to affect change with the frustrations that the individual faces in the current bureaucracy. Where if you propose something new and innovative, your most assuredly are going to be laughed at.

There is also the scope and scale of the People, Ideas & Objects Preliminary Specification and user community. Any changes that you do make will not be populated to only the one company that you are currently working for. With the cloud computing model, and the structure of the proposed system, ideally these changes would be populated across the entire industry. Providing the user with not only the means in which to make the changes, but also the motivation in having those changes impact the entire industry.

A person with ideas on how to make things better for the industry would have plenty of opportunity to express themselves in this new community. The stifling environment of the bureaucracy has taught you to shut up and sit down. To drone on in an unappreciated manner where the frustration of having to deal with obtuse systems and procedures, designed for unknown criteria, clog and spew. If there is a chance that a system can be developed that eliminates the technology focus. One that is designed to understand the culture of the oil and gas industry. One in which your participation is the priority of its development. People, Ideas & Objects is it.

However, for this to happen your participation is required. It all starts with you. And that is how these changes will begin, and that is how the changes that we discussed in this post will happen, with your action. Time to dust off that computer at home and start participating and begin the developments of the user community. It really comes down to the change you make in yourself. Forgetting how to be a drone and becoming a proactive change agent in the oil and gas industry.

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

A Comment on the Economy

It seems every year around this time I feel compelled to discuss the general economy. Last year it seemed to be looking fairly promising with the ability to crawl out of this malaise being a distinct possibility. A malaise that we have found ourselves in since 2008  We've had a good year, but that possibility of breaking out of the doldrums seems like we'll have to wait a while longer. I don’t know about you but I've turned pessimistic about the general economy over the past couple of months. I’ve lost that optimism that we were moving upward and onward. I’m feeling more like its pre 2008 and everyone is partying, thinking it will never end. There are a few that are saying that we should be careful this time and are preparing for some rough times. But I'm thinking of some real rough times. The central banks are out of bullets. And as much analysis and rewriting of history that has gone lately about the great depression. The best description that I can find of what did happen is that it was caused by a failure of governments. If the central banks have fired their ammo, and we head into some difficulty, then the failure of government could be upon us once again.

Turning to brighter news. The bureaucracy have sought and found all the cover that they could have ever wanted in the past decade in corporate America. Don't rock the boat, steady the ship and live to fight another day have been good strategies to make it through these years. And look at the performance of our organizations in general. Never in the history of corporate America has the economy performed consistently so poorly. With interest rates being at zero for so many years investment decisions have been lacking the appropriate discipline in the corporate world. If you make a mistake no one will notice as the consequences are not realized when there is no competition for the investment dollar. Therefore the bureaucrats have become more obese and even lazier than before. Leading to the poor performance in the economy.

At the same time the Information Technologies have matured to the level where it is possible for anyone to do anything with them. The limits of ones imagination are the constraints that we are now living with. And at the same time we are provided with FaceBook and Instagram, Pinterest and Snapchat. I guess these types of experiments are useful in ways but as businesses with large valuations I thought we dispatched these useless experiments in the late 1990’s. We are however beginning to see the revolutionary business model driven technology companies begin. Companies like AirBnB, Uber and Lyft are revolutionary. They are changing the accomodation and car ownership models. Other applications of this mature Information Technology are just around the corner.

It is these types of technologies that eliminate the bureaucracies and the power of the Taxi commissions across the globe. Applications that are developing today. These are where the economy needs to move too as soon as possible. The ability and capabilities of these technologies are dependent on societies capacity to change. Currently we are still hunkering down in our jobs, clinging to that paycheck that sustains us and constrains us. I think that, in a very short time, people will begin to see others embracing the technologies and moving to the new environments. Environments like People, Ideas & Objects where the individual matters more in the outcome of the oil and gas industries performance.

It is this transition to the mature Information Technologies that have been temporarily disrupted by the entrenched bureaucracies. In all industries in North America not just oil and gas. The sooner we take the opportunities to remove them from the scene the better off the economy will be and we can resume the normal course of economic development that we had once become accustomed to.

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

Two Good Examples

My discussions with the industry, or at least the Canadian part of the industry, continue to be frustrating and unfruitful. Talking to people who can make the decision to participate in People, Ideas & Objects development efforts receives the standard response, that they will join in when the product is fully developed. They say its not their job to participate in software developments. To which I ask if its their job to lose money? To which they repeatedly blink. Its this type of attitude that we are fighting in the industry. Why our appeal is to the investors to direct these people to fund our developments. To create our own permanent user community so that we never have to rely on these blinking people. They don't have the capacity to see the problems that are in front of them. They don't have the capacity to see the solution or to implement a solution that is offered. They are paralyzed and incapable of change.

I have two good examples today of how the situation is in the marketplace today. The first is our friends at PennWest Energy who recently announced their revised quarterly financial statements. Recall that they had to restate them for the purposes of revising the royalties back to operating costs from being capitalized. The second example is Noble Energy in the United States who recently went through a software implementation with Oracle. This was a custom one off implementation that is highlighted by Oracle as a success.

To the first example, PennWest Energy. The Press Release is here. Its interesting to note that the culprits that capitalized the royalties were the staff. At least that is what the press release says. We know the bureaucrats do nothing but sit around and point the fingers but rarely do they do it in a press releases. It might be that the staff did it but capitalizing royalties shouldn’t pass the laugh test beyond the first bureaucrat. And, its important to note, that the bureaucrats are keen to point out in the press release that they have reduced the payroll by almost 50% since this time last year. Therefore, I’m sure that it was the inspired staff after all. The pressure to make profits is quite strong and its coming from the investors in the industry. The bureaucrats way is to cut the staff by 50%. What rationale this supports is unknown to me. I'm just glad I don’t work in an oil and gas company.

Review of the PennWest financials has left me perplexed. The company appears more profitable than the previous statements. Reversing $200 million in capitalized royalties benefiting the bottom line is a bit confusing. But that seems to be the case. Maybe the most creative accounting I have ever seen. The comment from the Chief Executive is that the production, the land and the ability to execute are unaffected by the accounting crisis. The message that tells me is that the accounting is such a mess, probably because there is no one left, that we've given up, so should you.

With the following video from Oracle regarding a software development and integration for Noble Energy.

You can see that the entire focus of the company is on the ability to execute. Is that all an oil and gas company is today. Another project to execute? No appreciation that we are doing this work in a commercial environment. That we should be making money at this. It seems that the idea that this is a going concern and is part of a larger organization that is focused on providing that organization, the society that it operates in and the people within that society with an increase in value is lost. It’s all just activity for the sake of activity. Now there is discussion of the impact on the community, all the right buzz words spoken by all the right people, about the number of truck trips to reduce etc. It is however the responsibility of the oil and gas companies to be making profits. That is their role in society, not sitting in a sewing circle and singing kumbaya.

When I talk to someone in the industry, a decision maker, and I’m turned down because making money is perceived as someone else’s job. And at the same time I see the misguided adventures at PennWest. Or the lack of a clear focus of an enterprise at Noble Energy. I see why our focus on profits makes us the odd man out.

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

Change at Oracle Corporation

News regarding Oracle’s CEO Larry Ellison stepping down from the CEO role came after the close of yesterday’s trading. At 70 years of age some are saying that the time has come for him to take a lesser role in the company. Replacing him as CEO will be Safra Catz and Mark Hurd who have been part of the team at Oracle for many years. Many of the pundits seem to be jumping on the poor financial performance of Oracle in the past few years and attributing that to Mr. Ellison. This announcement coming at the same time as the news that Oracle missed analysts estimates for the quarter in a material way. I expect that the piling on of the industry leaders and others to continue, Larry hasn't made many friends in the days of building Oracle. I too have been at the losing end of some of his antics back in February of 1997. However, I think that what the analysts, the pundits and everyone else will be wrong about is that Larry is doing nothing close to stepping aside. I think they are very wrong and unless there is more information regarding his health or other issues, I think it is fair to assume the following.

Larry Ellison is a visionary. He is the fifth wealthiest man on the planet based on his skills of implementing his vision. Oracle’s technologies are miles ahead of anyone elses in the marketplace. The breadth of offerings is fully diversified in the hardware, software and services domains. Oracle is the IBM of the 1950’s and 1960’s. There are no others that can play the game that they are in. Its just that the game is not being played at this time. People are comparing the financial performance of the firm against the other “cloud” companies such as Salesforce and Workday. I think Oracle is looking to compete in the marketplace that is defined in the Preliminary Specification, the user community and the service providers. Where industries are being disintermediated by technology and looking for the entire technology stack to be provided by one solutions provider.

Oracle has invested $50 billion on over 100 acquisitions over the past decade. They have also invested massive resources in terms of research and development based on Larry’s vision. The products are there, I can see them, and they make me want so badly to get to them. What is needed is to take these disparate products and package them into a coherent single unified message and market that to industries on the basis of what could be. Much as what we are doing here for oil and gas at People, Ideas & Objects. Technically Oracle has the opportunity to provide the hardware, software and related services to the commercial world. Just as IBM did in the 1950’s and 1960’s. Who is going to stop them. And who is going to provide that infrastructure to those industries in the next decade?

IBM’s technology isn't there anymore. They sell very little hardware and the software they do sell is Linux based. Not even their own proprietary operating system. DB2 was a challenger in the database in the past, but can’t hold a candle to Oracle in the distributed computing world. And Oracle was dominant there a decade ago. Sybase is a SAP technology, which is an ERP system, and only an ERP company. HP is on life support. Dell is restructuring. Most of IBM is Lenovo which is Chinese, and therefore government. Where exactly is the competition to Oracle’s unified, diversified, integrated, hardware, software and services offering going to come from? There is no choice. And anyone will need at least two decades to catch up to Larry Ellison's current position.

I’m sure Larry Ellison is frustrated with the impatience of his investors. He still holds 25% of the company and would like to see the developments happen quicker too. He however has seen his impatience get the better of him in the past. He still pays dearly for his attack on his partners in February of 1997. I wasn't the only one. He has been moved to the Executive Chairman position which means he’s still full time. And he is also now the Chief Technology Officer. So maybe it is his chief responsibility to make a coherent message of this broad product range. I see this as removing the constraints of being a CEO and enabling him to focus on where he builds the most value. On developing the overall vision and delivering the products of the firm.

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

There is a Precedent

There is a precedent where the investment community was able to pressure the bureaucracy to change their business model to one that was more amenable to the interests of the investment community. This is the strategy that People, Ideas & Objects are employing in having the Preliminary Specification, the user community and service providers implemented within the North American marketplace. Our business models value proposition provides trillions of dollars in incremental profits to the investors if the producers change their business model to the Preliminary Specification. This strategy on the surface seems to be a chance in a million that will never have the desired effect. However, there is one pertinent example that is directly on point and occurred in the 21st century. It is the Canadian Royalty Trust example.

Royalty Trusts were enabled in Canada through tax legislation in a number of administrations. It was felt that it provided a means for smaller oil and gas companies to provide their investors with a means to recapture their investments from the oil and gas producer in a safer and quicker fashion. This involved the Royalty Trust declaring monthly dividends to the investors that represented a taxable income to the investor. Essentially the producer firm was not having to pay income tax or what is commonly believed to be the double taxation normally associated with the traditional corporate model. In the early part of this century the pressure to convert your organization into a royalty trust was quite strong. And if the firm did convert, the results were that you would receive a higher stock market valuation and greater access to capital. Those that resisted were treated poorly by the investment community by way of receiving little attention in terms of new capital investment.

The trend therefore became quite strong to convert to a Royalty Trust in Canada. The pressure then grew to the intermediate producers with the majority of them converting. Then it became fashionable to employ the business model outside of the oil and gas arena and other industries began actively pursuing this corporate model. It wasn't too long afterward that even large producers were contemplating the conversion to a trust model, and even large corporations outside of the oil and gas industry began converting. It was at that time the Canadian government stepped in and announced an end to the tax legislation defining and supporting the Canadian Royalty Trust model. Effective as of 2011 all active Royalty Trusts have had to convert back to regular tax paying corporations. This was done by the Federal government to mitigate the large and growing loss in their corporate tax base.

Here we have an example of the ability of the investment community directly pressuring the organization to make the necessary changes to affect their business model. If they didn’t make the changes then the producer was somewhat ostracised in their ability to raise capital in the investment community, and their valuations were encumbered by the premium that was attached to the Royalty Trust model. In the financial investment community you have to compete. By opting out of the Royalty Trust model you essentially stated that you would not compete for capital.

We can, and we are implementing this same strategy. The investor can state that they want their producer firm to implement the Preliminary Specification in order to provide for the most dynamic, innovative, and profitable means of oil and gas operations. The material affect of our value proposition is significantly more pronounced than it is in the Royalty Trust business model. We provide real value increases, not just a minor reduction in the taxes that would otherwise be paid. As each individual producer converts to the Preliminary Specification. A conversion that is done by simply paying their share of our development costs and issuing a press release stating that they have done so. It will be at that point that the investor will begin to see the benefits of the pressure that they put on the producer through the fact that the valuation of the producer firm will have been adjusted to reflect the new realities. Then the pressure will build on the other producers to convert to the Preliminary Specification as well.

The decision to support People, Ideas & Objects in January 2017 doesn't seem to far away, nor as impossible now. Investors do have power to make the changes that we are asking of them. And we will continue to appeal to them to make these changes at their producer firms.

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

Who Will Work Within the User Community

Its true that not everyone will qualify to work within the user community. This applies to both the leadership team as well as the general community. We will be looking for certain individuals that are unique in their skills and understanding of the oil and gas industry. That is a given. And the diversity of those skills will make up the entire scope of the oil and gas industries administrative and accounting needs. It is these skills and understanding that are the primary concern that need to be addressed in the work that is done by the user community. The ability to analytically breakdown the processes and design new effective ones that are consistent with the Preliminary Specification is not something that will be easily done. That is why we have costed this work in our budget at the $195.00 / hour rate for the user communities participants. We are looking for people of that calibre.

As I noted the primary concern is that the user community participant be trained and experienced in the disciplines that fall within the administrative and accounting areas of oil and gas. However, we expect that there will be a strong element of Information Technology aptitude that will be inherent in their skill set. Particularly in the two areas we have mentioned before of relational databases and Java. Having a good working knowledge of these technologies, on top of your current skills, will make the design and development of the software, which will be your job after all in the user community, that much easier and better. The importance of this IT aptitude will make a significant difference in the quality of the People, Ideas & Objects Preliminary Specification in many different ways.

First it will permit you to better understand the issues and opportunities that the technology provides. What is possible to you as a result of the Oracle database, its deployment in a cloud computing environment and Java from a conceptual level offer interesting new perspectives and dimensions in ERP software. To add these to your tool kit and be able to employ them, either to use them as a service provider, or to ensure that the producers who use them are provided with the most dynamic, innovative and profitable means of oil and gas operations, should be of concern to all within the community.

Secondly your ability to communicate with the People, Ideas & Objects developers in their primary skill set will be necessary to enhance the communications between yourself and them. It is easier for you to understand the elements of these concepts in relational theory and Java then it is for them to comprehend the full understanding of the oil and gas industry which is represented in the entire user community. Therefore to enhance the communications between the developers and the user community it is by far the easiest for the user community to speak the language of the developers. As there is no way in which the developers are ever going to understand fully the scope and scale of the oil and gas industry which is contained in the entire user community.

This understanding of the technology may take three or four university level courses in order to acquire the type of understanding that I think is necessary. Thankfully we are not looking to start this type of development work until we are funded by industry in January 2017. Which provides ample time for you to acquire that knowledge if you should choose to do so. Think of it as an investment in order to earn those handsome hourly rates. The thing about providing the oil and gas producers with the most dynamic, innovative and profitable means of oil and gas operations. Is that you are able to prove substantial value propositions such as what we have. And therefore, as a result everyone benefits monetarily.

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

Who Are the Industries Next Leaders

The bureaucracy are managing their time until they are forced out, or their retirements allow them to live like kings. Either way they will be gone and the investors will be left holding the bag, as they say. Who then are the oil and gas industries next leaders. Dedicated, committed and looking to build on a flexible framework provided by the People, Ideas & Objects user community. Leaders that we can rely upon. And how do we recruit them into the user communities leadership team? Last week we went through how the user community and service providers can benefit the industry, the oil and gas investor, but particularly you the individual that is interested in participating in the user community and as a service provider. Bureaucracies are leaderless and not change oriented. However they are established. Their choice as individuals are to continue on in an unprofitable enterprise where you push paper in a system that is as frustrating and boring as is humanly possible, or to begin that permanent vacation. Bureaucrats know there is a better way, they also know there is nothing they can do to change things.

If you think that People, Ideas & Objects offer the alternative that the industry needs. One in which the focus will be on the dynamic, innovative and profitable oil and gas producer. Where the individual, working through the user community and the service providers has the ability, the capability and the power to make the changes that are necessary to keep the oil and gas producer dynamic, innovative and profitable. Then maybe there is a role for you in the leadership team of the user community. After all leaders need an organization, and roles within those organizations in order to practice their skills.

We showed last week that the People, Ideas & Objects user community has significant power that they can exercise within the oil and gas industry. This power is approximately equivalent to what the bureaucracy currently holds today in the oil and gas industry. The difference is that the bureaucracy have chosen to line their pockets by abusing this power, and employ the muddle along strategy. In other words they do nothing but use this power for their own self interest. We have chosen to prioritize the oil and gas producers dynamic, innovative and profitable capabilities as the keys to our competitive advantage. It is this competitive advantage that will sustain the user communities power for the long term. As long as we remain focused on these priorities we will remain the chosen method of oil and gas administration and accounting, ways and means.

We have established reasonable timelines for people to participate within the user community. We need to have the leadership team in place and operational prior to the January 2017 deadline that we established for industry, and the investors to support this initiative. It will be on the strength of the leadership team and our commitment to providing the oil and gas producers with the most dynamic, innovative and profitable means of oil and gas operations, and of course the Preliminary Specification that they will fund us. This does not preclude people from joining the user community prior to January 2017. After all we have much work to do.

Our leadership team consists of the traditional board of directors. We have set the total number to six, I have appointed myself as chairman and hold two votes. There are also the C class executives of the user community that need to be filled. That is the CEO, CFO and COO. Lastly there are many product owner positions that we have defined in the user community. Each product owner will be responsible for one of the modules of the Preliminary Specification, or one element of the development. For example the data model, or the user interface, etc. As a result the total number of people we are looking for to fill out this leadership team will be upwards of thirty people. If you have an interest in these positions or know of someone who might be a good candidate then pass this data on to them. After all it looks like we might just change the world after all.

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

The Absolute Power of the User Community

We commented in our last post that the People, Ideas & Objects user community was unlike anything your grandfathers user community was like. Those were formed to usually report on some preconceived notion of what a systems development would be. From there people would usually meet to shuffle some papers and make a final recommendation that was hastily filed away for no one to read. At least that is the way that I saw most of the user communities over the past few decades. The problem with user communities, in terms of implementing them appropriately, is they are very expensive and time consuming. So if you're going to have one you need to commit these resources in order to earn the benefits. In the past no one wanted to lose control of their budget so they formed the user community without the commitment necessary in terms of time and budget. This post is to explain the key differences between the People, Ideas & Objects user community and these poor excuses from our past.

Granted the first contradiction I have to make is that the user community is using the Preliminary Specification as the base of their developments. This vision is the result of ten years of my research and provides the dynamic, innovative and profitable oil and gas producer with the ways and means in which to operate. It is a start, and that is where the user community can begin its building process.

The second element is that we have committed a large portion of our development costs to the user communities use. These have been costed at $333 to $667 million and represent 1,000 to 2,000 man years of development time. These will be incurred during the time from January 2017 to the initial commercial release of the People, Ideas & Objects software. January 2017 is the timeframe in our plan that we expect industry to fund our project. These are also only the initial development funds. The user community will be funded at approximately these levels on a continuous basis, as a going concern. These funds are derived from People, Ideas & Objects and are raised through our efforts.

The third element is the user community is the source for the industries needs for changes in their systems. When the oil and gas producers need changes to the systems and procedures that they use. The only place they can turn to will be the user community. The user community has as their audience the producer firms and the service providers that provide accounting and administrative services to the producer firms. There is no one else that has the capabilities to deal with the systems and producers other than the user community. The only people that the developers from People, Ideas & Objects will listen to are the user community. It is user community who have sole control over the makeup of what is contained in the software and the processes that are managed in the administrative and accounting domain of an oil and gas producer.

The fourth element is with regards to the Intellectual Property that is derived from the Preliminary Specification. I am the beneficial owner of the copyright of the Preliminary Specification. Through a license to People, Ideas & Objects I provide certain rights and privileges. It is through there that another license is provided to the user community and then on to the individuals within the user community. The purpose of these licenses is to ensure that all the developments to the Preliminary Specification are kept whole and available to everyone. Therefore the Intellectual Property that is developed in the user community is owned through these licenses by myself. And in turn through the licensing, available to everyone within the user community. This Intellectual Property is therefore available in its entirety without charge or encumbrance to everyone within the user community. The money that is paid to support the user community by People, Ideas & Objects is compensation in acquiring this Intellectual Property of the user community.

However, it is the user community that controls that Intellectual Property for the benefit of the oil and gas producers and the service providers. It is through this control of the Intellectual Property, which they acquire through the license, that they acquire the power that is necessary to ensure that the industry remain dynamic, innovative and profitable. It is through this control that the user community affects change within the service providers, of which the user community members are an integral part of.

Lastly, People, Ideas & Objects uses the Intellectual Property to assess the fees on industry to develop the software and support the user community. The service providers are able to raise their own revenues from the services they provide the producer firms. However that too is through a license which is granted from People, Ideas & Objects.

It is through the budget, the control of the Intellectual Property and the user community being the sole point of contact that make the People, Ideas & Objects user community different than any other user community that came before it. These differences provide it with the power necessary to effectively control the ways and means of the North American oil and gas industry. Providing it with the focus on its dynamic, innovative and profitable nature. People, Ideas & Objects are committed to user community developments. We completed the Preliminary Specification in November 2013. Since January of this year our primary focus has been the user communities development. We have endowed it with these capabilities and with this power. I think we are beginning to look rather interesting, don't you?

The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative and profitable 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. 

Providing For a Dynamic, Innovative and Profitable Oil and Gas Industry

One thing that will be a defining characteristic of the future oil and gas industry will be that it operates on the individual initiatives of the people that work within the industry. People such as yourself who, as in yesterday’s discussion, plan and prepare to participate in the user community and service provider organizations. Not seeking the approval of anyone in order to make the transition. And not seeking the approval of anyone in order to make the transitions necessary for the industry to move from one business model to the next, say in 2025. Providing the industry with the kind of dynamic, innovative and profitable make up that we are seeking for the most profitable means of oil and gas operations. As that is our priority and our concern, to make the industry as profitable as it can be.

This dynamic is held up as the alternative to the bureaucracy with their tried and true muddle along strategy. We are asking the investors and the progressive producers to make a decision and as a result fund the developments of the Preliminary Specification and the user community. This decision and funding is due in January 2017. Those people that take the advice from yesterday’s post and plan and prepare to participate in the user community and service providers within this timeframe will be offering the industry an indispensable opportunity and future. One that provides the dynamic, innovative and profitable elements that are necessary for the 21st century. It is this offering that we collectively will be providing to enable an alternative means of organization for the investors and progressive producers to use.

Change at this level can not be conducted within the traditional organizational context. We have seen how the bureaucracy has responded to the ideas put forward in the Preliminary Specification. Their plan was to hope for a cold winter. When that happened and it did not materially affect the natural gas prices. They gave up on any planning for the future. We on the other hand provide the producer with the price maker strategy through the decentralized production model. A starker contrast can not be made. The fact that the bureaucracy will not entertain or consider the Preliminary Specification is due to the fact that our system eliminates their existence. It’s suicide for them to consider us. So we need to find other ways in which to have the Preliminary Specification operational in the oil and gas industry. The only other way is to provide an alternative in which the industry can choose which way they want to have their assets managed.

Therefore there is a need for people to begin the development of these communities. And prepare and plan for their participation in the user community and service provider organizations to enable the industry to have an alternative means of organization. And this is a far more exciting path to be on. One where the needs of the producers profitability drive what the user community and service providers enable. It is the users who control the Intellectual Property that comprise the Preliminary Specification and all that comes after it. It is they who have the sole focus of the People, Ideas & Objects software development capabilities. And as a result are able to make the changes they need to keep the producers moving forward as they should. It is the user community and service providers who have the power in terms of the “what” and “how” of the oil and gas industry, and the ways and means of the oil and gas accounting and administrative domain.

But its not just in the accounting and administrative areas that they hold the power. It is also within the operational areas that the user community and service providers hold significant influence. It is the business models of the dynamic, innovative and profitable oil and gas producers that fall within the scope of what these communities control. Business models like the Joint Operating Committee, the decentralized production model and the effect they have on the operations in the Preliminary Specification. And if they were to discover a breakthrough in terms of a new business model then they would have the ability to implement that business model if it had an effect on the producers profitability. This is after all, not your grandfathers user community. As you can see.

The Preliminary Specification and user community provides the oil and gas producer with the most profitable 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. 

What Are Your Plans?

If we position ourselves as the alternative means of organization for the investors and progressive producers in the oil and gas industry. What does that mean for you as an individual that is interested in participating in this community? If you're asking yourself that question then it assumes that you have some entrepreneurial skills or desires that need some exercise. If that is the case, it would be incumbent upon you to spend some time reviewing the Preliminary Specification in detail. Understanding its differences and how it impacts the areas that you want to spend your time in oil and gas.

The next thing you might want to look at is our time lines and the prospects of change being implemented within the industry during that time period. Will these changes happen? Will they happen in that time frame? What would be needed in order for you to leave where you are working in 2018 or later and move to your own firm operating as a user community participant and service provider? What level of organization and preparations on your behalf would be necessary in order to make that change. Are the next four years adequate?

Not everyone will be able to make the transition from the bureaucratic systems that are operational today to the future that we are discussing. Look at any business magazine and they frequently discuss the effect that Information Technology is having on business. An effect very similar to the one here at People, Ideas & Objects. Like so many transitions in the past some people just can’t make the transition. Having time to prepare certainly makes the change easier from most people’s point of view, I think. Having control of the changes is maybe the most effective way in dealing with these changes. Therefore taking the initiative now to plan and prepare for the possible changes in the industry in January 2017 and 2019 might be a wise and prudent investment of your time and energy. After all what is the bureaucracy offering you as an alternative.

There are no guarantees in life. And I am certainly not in a position to provide anyone with anything. There is no prospect of People, Ideas & Objects proceeding within the industry at this point. What we need to do however is to offer the investor community with the proven capability to operate the industry if they should choose to decide to make the transition to People, Ideas & Objects Preliminary Specification. There is nothing I can do to prepare for that possibility. Other than to plan and prepare for the Preliminary Specification, the user communities leadership and general communities development, the service providers and the app marketplace. And that requires people such as yourself to make the conscious decision to leave what they are doing now, down the road in 2017 or later, and plan and prepare themselves in their own interest as members of the user community or as service providers and app marketplace providers.

Its a chicken or egg type of thing. The individual acts of people, doing this for their own self interest in developing a sound service based business in oil and gas. And for the purpose of developing a solution on providing the innovative and profitable oil and gas producer with the most profitable means of oil and gas operations. The fact that time is on our side is the real value in considering this opportunity today.

We will be knee deep in technology in 2017, that is one thing that will be a certainty. Therefore it would be a good time to take some technology courses to help in this transition. I can certainly recommend that people take courses in relational databases and Java. Those technologies, and a general understanding of those technologies throughout the user community, service providers, and of course the app marketplace might, dare I say, be a mandatory requirement by the time we get there. In order to fully understand and appreciate the opportunities and what you can do in the application requires a full understanding of what you can do in the technology. The technological concepts are opening up new conceptual ways in which the People, Ideas & Object applications will be able to function. Service providers who are on the front lines of providing the producers with their needs could really provide a much higher level of service by fully understanding the relational model and Java, as well as their accounting or administrative oil and gas industry knowledge.

The Preliminary Specification and user community provides the oil and gas producer with the most profitable 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.