Best Business Opportunity, Ever, Part XX

I may be over the top in terms of my criticism of the industry. Which may be, but it doesn’t matter, they’ll never act to fix these issues. I find it difficult to watch the demise of so much value. Particularly when you have a solution in hand that sets the industry on the path to reclaim this value, establish a new basis of operation that will ensure that the producer is provided with the most profitable means of oil and gas operations and we would then have the means in which to approach energy independence on the North American continent. With the Preliminary Specification we have a plan in hand to make the industry achieve these objectives. What’s the plan today? Where are we going and how are we going to get there? Who’s driving the bus? Clearly no one is and we’ll just limp along until some tragic event comes about and we can all say, “no one thought of that.”

To set out a plan in this day and age requires the software for the organizations within the industry to be defined and built. Nothing happens anymore without software being in place first. Want to fix the overproduction issues in oil and gas, you’ll need a plan and the ability to build some software. People just can’t move into the positions that are needed anymore. When the economies were simple it was obvious what was needed and people filled the gaps and growth was the result. Now we stand on the shoulders of giants and we need to build off a very highly defined specialization and division of labor with a defined objective to be reached. That can no longer be done in the way it was in the past. In the past we relied on “spontaneous order” to make the changes in the division of labor for us. Spontaneous order can no longer function when the process and functionality of the organization are cemented in by the software that it uses. Without a defined software development capability our organizations are permanently cemented and sealed in the software that the organizations use.

We published this knowledge in our Preliminary Research Report in May 2004. It is derived of Professors Anthony Giddens Theory of Structuration and Wanda Orlikowski application of Structuration to technology. People, Ideas & Objects were then beginning the process of the work that we’re doing today. We were seeking support from industry to build ERP software on the basis of the Joint Operating Committee. It was the time in which the industry turned against us and ostracized me because of this work. They also took this understanding that software defines and supports the organization and perverted it by never changing the software that they used. And hence establishing their franchise to be unimpeachable.

Where we go from here is we establish the permanent software development capability that People, Ideas & Objects have proposed in the Preliminary Specification. We establish the user community as a permanent organization within the oil and gas industry. User community members are independent, qualified people who are trusted with the vision and direction of the Intellectual Property that is the Preliminary Specification and its derivative works. Our software developers only look to the user community for their definitions of the software that we build. We have detailed the user community vision here. It provides an understanding of the unique way in which this organization has been established and why this is not your grandfather's user community. User community based software developments are the only developments that I will be associated with. They are the only ones that meet the needs of the users.

For the startup oil and gas producer the Preliminary Specification sets in place all of these components. Providing everyone with the plan on how to deal with the industry and producer related issues for the 21st century. Giving them the tools in the form of the user community and software development capability that form the Intellectual Property that ensures their organizations maintain this as the best business opportunity, ever.

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.

Best Business Opportunity, Ever, Part XIX

The extraction of value from the oil and gas industry as a result of the accounting methods dictated by the SEC may be difficult for some to comprehend. It is believed that having big asset values on the balance sheet of your producer firm is the ideal situation at all times. With People, Ideas & Objects argument being counter to this, these capital costs should be recognized by moving them to the income statement as soon as possible. Which has large implications in terms of the value that is generated in the industry. Currently all of the costs of exploration and production are “stored” on the balance sheets of the producers. These costs have generally never been recognized on a timely basis and since this is a systemic, industry wide, multi-decade issue, this practice has created serious distortions in the oil and gas industry. By moving these costs from the balance sheet to the income statement you will either incur a loss, such as what the industry would have done, or the commodity prices realized should have been adequate to cover all of the costs of production, returning the invested capital in the form of cash, which industry hasn’t done and have therefore had the investor's cover the annual cash shortfalls incurred from production.

Firstly, without fully recognizing the costs of exploration and production, the oil and gas production appears to be highly profitable. Which attracts more investment leading to more capital costs which increases the productive capacity of the industry which “appears” to also increase its profitability. In reality none of the investment dollars are being returned to the business when these capital costs are not recognized in a timely manner. Therefore the investors and bankers have to make up for the annual cash shortfall of the producers created when the commodity prices are unable to cover the entire costs of the business. The business is still incurring these costs, however the accounting is reporting that these costs are ballooning assets that hold some mythical value for the producer. Nothing could be further from the truth.

Do this for four decades and the hollowing out of all measures of value of the industry will be complete. Producers have been reporting profits when in reality, if all of the costs were considered, oil and gas has been a lost cause, supported by investors, for decades. The residual infrastructure does not have the capital or financial base or the performance capabilities, because the overproduction as a result of the chronic overinvestment has systemically collapsed the commodity prices. Then, add shale!

Certainly my thesis of the willful destruction of the industry, as noted last Thursday, is one possibility. It is very easy to run an industry when it generates no value. Producers would assert that prices being what they are is the cause of the difficulties in oil and gas. That the “market” is responsible for those prices being the other part of their argument. The Preliminary Specifications decentralized production model contains the price maker strategy that enables the producers to “make” the prices necessary to earn profits in the industry. And it would also be my assertion that the producer's role in society expands beyond just what the oil and natural gas prices provide. That they may have a role beyond partying when prices are high. Again, our relationship hasn’t been harmonious or lucrative for me but at least I can say I make an honest living.

In addition to the financial wreckage that is occurring the people in the industry have been destroyed and displaced as well. This will hold long term consequences for the industry in whatever form it takes in the future. People who have been educated in a discipline, who have dedicated themselves for decades to a producer and an industry shouldn’t find themselves out in the unemployment lines with unskilled labor. It is however the easy way to run an industry, once again.

Industry could have built the Preliminary Specification but passed on that opportunity, now the consequences of their inaction are being realized and the situation is their responsibility. The Preliminary Specification has been available in the market for a long enough period for it to have been adopted. That hasn’t happened because it is contrary to the best interests of those in the industry. It is counter to the vested interests. On a go forward basis they will need to rebuild the value that has been destroyed within the industry. If all of the North American infrastructure can’t stand on its own without significant capital investment each and every year, that hemorrhaging will need to be stopped first.

If it is believed that those who destroyed the industry. That passed on our solution to resolve the issues that were leading to that destruction. Will be the ones that come up with the means in which to right the wrongs, rebuild the value that has been systemically drained for four decades, and realize all the value we have identified that is available to the startup oil and gas producer in the next 25 years. Then pigs really do fly.

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. 

Third Friday Off

No posting today.

Best Business Opportunity, Ever, Part XVIII

I thought for sure the producers had these commodity prices under control. Yet they seem to be in steep decline again. And those losses, as bad as last year, if not worse and it was supposed to be a good quarter! With rising prices and an Opec agreement to make operations run smooth! Only neither of those seems to be coming about. What’s a producer to do? Soon the talk in the industry will shift to the next talking point. This is a critical time because the focus will be on the producers to account for their poor performance from now until the American Thanksgiving. That’s November 24th, one of the longer stretches of time in which they may be asked to be accountable for their actions. Who, or what, will form the basis of the “talking point” that gives them the excuse for these poor performances and lack of action. What hymn will they all turn too to make it sound “real” to those that have lost everything as a result of having faith in our oil and gas producers.

And so it will go. It may seem that we’re doing the same thing over and over again at People, Ideas & Objects. But I think the insanity is with the producers continuing on with the losses and destruction of people's money, time and energy. It's the same thing over and over, nothing ever changes. Chronic overproduction in natural gas has caused the storage to fill to capacity and the prices are in freefall. I, like the producers, don’t understand why Opec can’t get an agreement in natural gas as well. It’s always someone else’s fault. Chronic overproduction and massive losses. And it just never stops. It went on for about fifteen years in the 1980’s and 1990’s but the natural gas prices were able to carry the producers then. Eventually the oil prices moved up and the producers were able to party like there was no tomorrow. Only today is tomorrow and no one has taken care of the business of the business. And refuses to do so.

The problem is systemic. It’s identified and documented in the Preliminary Specification. It’s also resolved there and the solution provided through the services of People, Ideas & Objects, our user community and service providers. The problem starts with the accounting magic of the SEC which was mandated in 1978, or there abouts. Enabling the producer to capitalize almost everything they did. And then slowly deplete those capital costs over the known petroleum reserve base. Therefore the producer, in effect, never recognizes the real costs of exploration and production. These costs are stored on the balance sheet for decades while the producer reports “profits” as a result of realizing the very few costs that are left after capitalizing most of the costs, in a capital intensive industry. This overreporting of profitability has led to overinvestment which has led to overproduction which has led to price declines. Shale makes this feature a permanent bug for the oil and gas industry. Producers will now always overproduce, and they will now always lose everything they have. Just look at their quarterlies.

The issue we face now is that for the past four decades of reporting on the basis of the SEC anything and everything of value has been incinerated in the industry. When you report profits that are not supported by an accurate accounting of the business you create distortions. The distortion that was created in oil and gas was the shortfall in cash. This cash shortfall was made readily available through the generous donations of banks and investors who thought they were investing. Only in reality they were just lining up behind the other investors that went into the abyss before them. As long as there were new investors and bankers, the profits would drive the new investment. Now, after investing all of those trillions, we pull back the curtain and find the hollowed out carcass of the oil and gas industry. An infrastructure built on investor money that generates no monetary value whatsoever and requires a fresh load of new, naive and flush investors each and every year. But in reality, they say, it’s the Saudi’s fault.

Everyone associated with the oil and gas industry, in any capacity, are having such a pleasant time that they look forward to the collective “talking point” in order to adopt the appropriate posture. It’s not a business, business people fix things. The Preliminary Specification has existed in a vacuum since December 2013. There was ten years of research before that. What I am saying today is not newsworthy it’s more of an annoyance and frustration to those that find this environment comfortable. I think it has something to do with their pensions, their retirement and their expertise in avoidance of hard work. They’re more than prepared to ride the destruction phase of the creative destruction that oil and gas needs to go through. What more proof would there be, or do you need? What we need to do is to get on with the creative phase and that starts here and now with the best business opportunity, ever.

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. 

Best Business Opportunity, Ever, Part XVII

Taken from the perspective of the next 25 years. Starting over with a startup organization, a clean slate, to pursue the oil and gas industry doesn’t seem unreasonable and is actually the preferred choice. Where will the existing producers be in 25 years? That question requires too much speculation and I’m too biased to provide anything objective. What we do know is there currently exists significant upside to those producer firms that have a current start date. They will be able to purchase the existing producing infrastructure of the North American industry at affordable prices. Maybe not today, but soon. When the only opportunity for survival of an existing producer is to sell properties, the market will be saturated with properties for sale and the prices will be affordable. There is also the additional upside that is provided by using the Preliminary Specifications decentralized production model. With its price maker strategy the incremental value that will be earned is $25.7 to $45.7 trillion over the next 25 years. And lastly the opportunity to make North America energy independent in both oil and gas provides substantial upside on its own.


There is no way that we’re getting to that upside from here with the organizations that we have in place. They’ve proven themselves incapable of action. If we don’t do anything we’ll be sitting with the same issues and questions that we have today. Oil and gas will muddle along on investors money and continue to experience huge booms against the backdrop of protracted busts. Doing nothing is something that oil and gas has excelled at. The Preliminary Specification eliminates the muddle along strategy and replaces it with a dynamic, innovative, accountable and profitable oil and gas producer. The two contrasting visions could not be more different.


Information Technology has been the variable that has determined the outcome of many industries in the past number of decades. Whether it’s computers, cellular phones or music to name just a few. Information Technology was used to leverage change within the industry and remake who and where the industry operated. I have stated repeatedly that it's not necessarily the important thing to own the oil and gas asset. The important aspect of the oil and gas industry will be to have access to the software that makes the oil and gas asset profitable. Without access you will have what we have today, which from my point of view is a mess. People, Ideas & Objects Preliminary Specification defines and supports a revised producer and industry structure that enables the producer to earn the profits that they are unable to earn in the current industry. That is the difference between the old industries and the new industries. The new industries understand that software drives the business. The old businesses believe that buggy whips are good investments. If I can’t motivate you with the opportunity that sits in front of the dynamic, innovative, accountable and profitable, startup oil and gas producer for the next 25 years. Then you should get out of the business.


Maybe all this technology is just a fad and the boom will return soon. If you're in an oil and gas company fighting to keep the doors open, you may not be far from this belief. These opportunities will pass you by when the technological fad’s become the ways and means of the industry and you were too busy stuck trying to restructure a buggy whip manufacturer. We all have choices. And that is what makes living in North America so dynamic. The old stale ways never survive. They’re always swept away by the better way. We’ve always embraced creative destruction. Sometimes it's just difficult to see it when it's here.


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. 

Best Business Opportunity, Ever, Part XVI

There seems to be a disconnect between the third quarter financial statements and the tone on the street. We came out of the second quarter reporting period with this giddiness that the low point in the industry had been reached. Then with higher prices being realized in both commodities during the third quarter, further fueling the confidence of the producers. And with the announcement of a potential Opec production agreement, there was the declaration that the war against Opec had been won by the shale producers. This has set these producers up for a serious hit if Opec declares that no agreement can be made.

Producers are missing their Wall Street targets. Missing them by significant, serious amounts. If this trend continues heads will roll. Reading these financial statements reflects the scope of the devastation that has taken place. It appears to me that the producers would need almost three times as much revenue just to be considered solvent. They are absolutely gutted, capital destroying machines. Money goes in, mixes with other money, and it all gets lost. Sinking ships unwilling to admit the end is here.

What it’ll take to turn these around is beyond me. What is there? A recapitalization? There isn’t that much money, anywhere. No investor or banker is going to absolve these firms of their bad past behavior. Especially when nothing has been done to correct the issues in the industry. Pretending that all is well doesn’t sell well when the financial statements are this devastating. The only thing that I can see is an attempted rehabilitation over the long term. Funded by the sale of properties to pay off debts. As the assets are sold the debts are paid and when nothing is left the doors are closed. That may be an optimistic scenario.

We should look at these producers from the perspective of a rational accounting methodology. To adjust for that, take the net asset balance of property, plant and equipment and write it off. This leaves the producer with the massive losses that the firm has really incurred during its lifetime. The debts that it has incurred in creating those losses, and reflects that those assets, in reality are nothing but an albatross on the back of the producer. The cumulative producing assets of the industry earn nothing in terms of financial return. Therefore they are worthless. The producer would perform better financially if they didn’t have any properties. That is the best way in which to evaluate any producer today.

Producers have over the course of the past forty years “believed” in the accounting magic of the SEC that enabled them to capitalize everything to the balance sheet. They then have left those assets on the balance sheet for as long as there are reserves on that property. For accounting purposes, which is to evaluate the performance of the management, would you allow the management to capitalize a concrete building for the period of time the building would be standing, or approximately 100 years? No rational management would do so. Yet we have the equivalent accounting treatment in oil and gas for the past forty years. Creating the belief that the more that the producer spent, the more valuable they became and the more profitable they were. Creating a culture of spendaholics with no concept of value or consideration of the overinvestment they were causing in the commodity markets. The only time producers were subject to a write down of their assets was during the ceiling test. Taking all of the reserves at today’s prices, or the total gross future revenues of the producer, and ensuring that the net asset value wasn’t higher! Ludicrous. Investors and bankers used to participate in these spending binges by funding them. They’ve finally caught on to the game. Now the curtain has been pulled back to reveal the extent of the real damage and the producers think it’s time to carry on!

So what to do. It’s time to start over with a startup oil and gas producer. One that doesn't’ currently carry the albatross of yesterday’s property values and performance. The amount that you spent to build your house has no impact on the value of your house. The amount that a producer may have spent on a property has no impact on the value of that property. Today’s oil and gas property values are history. If the market needs more time to realize this then the startup can wait. The existing producers aren’t going anywhere but down. Leaving the best business opportunity, ever for those startups that can participate. And don’t forget that People, Ideas & Objects, our user community and service providers also provide the opportunity of a lifetime.

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. 

Best Business Opportunity, Ever, Part XV

Doing the same thing over and over, expecting different results is a sign of insanity. With that in mind People, Ideas & Objects look forward once again to the quarterly reports of the oil and gas producers. Expecting that these reports will trigger the conclusion that the existing producers do not have the ways or means in which to continue in any purposeful manner. Which it would appear is my general purpose in life. I don’t expect to see much in terms of performance from the oil and gas producers. Commodity prices are up since the second quarter, but the second quarter was as disastrous as 2015, the worst year on record. One thing we did see in the second quarter was that most of the hedges that were providing a safe haven for many producers, have expired. Leaving producers fully exposed to the discounted prices. There had also been the issue of generating enough cash from operations to meet the needs of field operations and the organization. Something they were not doing in the second quarter of 2016 or throughout 2015.

I can scream until I’m blue in the face. It won’t matter and it won’t make a difference in the market. I’m here to provide an alternative to those that know that the industry is unable to continue in the way that it’s currently operating and structured. Convincing the world that this is the case can be highlighted here, but we have to wait for what Winston Churchill calls the “jarring gong” to occur. That being the time when people realize the situation is untenable. I think that’ll happen soon. When I can point out that the value of starting over with new startup oil and gas producers, which can acquire the existing producing infrastructure at fire sale prices from the current producers. Which will earn the $25.7 to $45.7 trillion value proposition by using People, Ideas & Objects Preliminary Specification over the next 25 years. Will also earn the further upside from the industry achieving energy independence in North America. All of this value is waiting to be earned by those that can see this opportunity. As a result I think the “jarring gong” will be heard soon. And as I’ve said before, maybe during this quarterly report season!

Today producers are fueled with optimism regarding a deal with Opec that may be put together by late November. I don’t see it. There is no interest in them putting together an agreement that I can see. Other than to fail at doing so and deflate the optimism that is rampant through the North American industry. This has been the game that's been played for the past number of years. It’s maybe difficult to see it this way when you're so vested in higher prices. Or maybe it’s just that I’m so vested in hearing the “jarring gong.” If the third quarter reports show that no progress has been made by the producers. And the Opec agreement falls apart. I think then this buoyant, optimistic oil and gas market will quickly disappear.

We’ve also come along way in terms of the natural gas market. Prices in the mid $1 to $2 range have been replaced by the low $3. About half of what is needed to be profitable. It was a warm summer and it looks likely to be a cold winter here in Canada. The shale gas production volumes have also come down significantly from their peak of 44 bcf / day and are now in the range of 42 bcf / day. One thing I learned from my years in oil and gas is to never listen to a non-engineer talk about the natural decline curve. So I won’t, there is still ample capacity in Canada and the United States. Storage is almost at capacity. If it takes eight years to destroy the natural gas business to achieve these results the producers should be happy that they’ve arrived, somewhat. Shale gas still exists however, and we’ll find that the producers unconstrained drilling response would overwhelm the market very quickly.

So the score card will show who’s making money and who’s losing money. I expect the tragedy to continue unabated. And these losses will be calculated based on the foolish accounting that has deceived everyone for over forty years. If you used a proper assessment, it would be far worse. The industry has a lot to earn to make up for these past losses. They’ll have to provide a real return on the investments they took, but then lost, but will need to have earned back. When that's done, in the far off future, maybe then they’ll be able to look at some of this upside. Or alternatively we could all just start over now with new organizations and a new way of operating oil and gas based on the Preliminary Specification and earn the value that awaits us.

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. 

Best Business Opportunity, Ever, Part XIV

Existing producers believe that given time the commodity markets will rebalance and prices will normalize. Until that happens, they will produce everything they possibly can, regardless of the economics of that production. Does anyone else see the foolishness of this strategy? Markets communicate information through prices. If prices are high and profitable, then producers should produce any property that meets the basic criteria of profitability. If prices are too low to produce a profit, then the producer should shut-in production and wait for prices to rise. That’s how markets work. They are not mythical, magical things that become all knowing and self determining beings. All they do is provide information in the form of prices that they’re willing to pay for the things of value. I have yet to see a market rebalance based on the passive involvement of it’s actors.

Chronically overwhelming the market with oil and gas is the characteristic that we are presented with as a result of the operating strategies of the existing producers and shale based reservoirs. With shale we move from scarcity to abundance in terms of the oil and gas commodities. There will now always be the capacity and capability to overwhelm the market with more supply than there is demand. This will be the case for the foreseeable future, which brings a new dynamic to the oil and gas industry. Managing on the basis of scarcity is no longer valid. Managing on the basis of a fundamental misunderstanding of what markets do, is no longer valid. The need for producers to listen to market signals to determine if a property produces or remains shut-in is what is necessary for the industry to move out of the current boom and bust cycles, and chronic malaise that it finds itself in.

The Preliminary Specifications decentralized production model uses our price maker strategy to enable the producer to make this change to the shale based era. Using a detailed, actual accounting of the property the producer can determine if it’s profitable and if so maintain production for another month. If it’s unprofitable the property is shut-in and the reserves are saved for a time when they can be produced profitably, the producer only produces profitable properties therefore their earnings are not diluted by unprofitable properties and the commodity markets find their marginal costs.

It is on this basis that the startup oil and gas producer will be able to assure their investors that they’re providing them with the most profitable means of oil and gas operations. How they’ve gained the production discipline to ensure that the disaster that is the oil and gas industry today isn’t repeated again and again. That their producer is being treated fairly and equitably in the marketplace through a production allocation methodology that is based purely on the properties profitability. This is how markets work and the startups investors will know that they have the ability to earn profits all the time that they are invested in the oil and gas startup. That they won’t be subject to the boom and bust cycles that have become the accepted norm and are more destructive than any productive activity. That their producer is wholly focused on profitably, delivering all of the upside that this transition to a new profitable oil and gas industry promises. Upside that includes the ability to affordably acquire the producing infrastructure from the existing producers. Realize the People, Ideas & Objects value proposition which is valued in the trillions of dollars. And then profitably provide energy independence to the North American continent.

When the industry is operated on the basis of the Preliminary Specification everything is fundamentally changed. We are relying on creative destruction in order to implement our technology due to the extent of changes within the producer and industry. Changes which are too significant for them to undertake in the normal course. There is too much cultural inertia to overcome within the current producers for us to be successful. The current producers have permanently destroyed the industry that existed just a few years ago. Most if not all of the producers have experienced financial difficulties of catastrophic proportions. If these carcasses appeal to the investor then we have nothing for them. If a fresh start is what appeals then we have the Preliminary Specification.

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. 

Best Business Opportunity, Ever, Part XIII

People, Ideas & Objects are focusing the oil and gas industry on profits. The Preliminary Specification is designed to optimize the producer and industry to ensure that they achieve the most profitable means of oil and gas operations. This seems counter to the status quo environmental and stakeholder focus that is the concern of the existing producers. Why is there such a stark difference in the focus of the industry between these two systems. Simply we’ve lost the ability to satisfy any stakeholders needs. The current organizations are confused as to their purpose and conflicted in their goals. These organizations are unable to determine what value is and how to increase it. Many have lost all of the money that they’ve ever raised in the equity markets and much of their debt. Those that haven’t achieved this stellar attribute are well on their way. Oil and gas isn’t a business or an industry, it’s performance doesn’t qualify it as such.

The investors, bankers, bondholders, service industry, the people who work in the industry. All of these stakeholders were invested in the oil and gas industry with their money, their time, their careers and their energy. As a result they have very little to show for it. What do they do now? Wait to see if this bunch gets their act together and figures out a way through the chronic overproduction and oversupply? That’ll take a long time and be a terrible waste. Since when did it become acceptable for an industry to be in such difficult times for the majority of its existence? Why don’t the producers take some kind of action?

People, Ideas & Objects can and have said goodbye to that way of life. There is no manner in which you can deal with a culture that is that convoluted, disorganized and unable to determine what it’s doing. The existing producers need to pass from the scene as a result of their poor performance. They’ve survived for forty years like this which has established their ways and means in stone. They can’t, won’t and will not ever change. Much of their past existence was supported by the annual share issuance and debt financing to cover for their continued poor performance. The investors now see that there is nothing there. They are wise to the game and are choosing alternatives.

An industry where everyone’s focus is on profits will support the investors, bankers, bondholders, service industry and the people who work in that industry. They will pay taxes to the governments and be good corporate citizens. Without profits you have what we have today. If everyone is focused on profits, and therefore can determine what they need to do to ensure that they provide the producer with the most profitable means of oil and gas operations. Then they can build value for the producer, the industry and these stakeholders. That’s how our capitalist system works. Or at least should work. It certainly isn’t in operation today.

Profitable producers would be able to better manage their operations and we would be less subject to the boom and bust disaster management that we have today. A profitable industry would be able to supply society with affordable and reliable energy on a consistent basis. That’s the promise that we provide when we’re focused on a profitable industry. There is money to be made here and that makes this the best business opportunity, ever. Show me a better time and place than this.

The Preliminary Specification provides the focus on profits throughout its eleven modules. Profits are its focus and everything else is secondary to that. Today, organizations are defined and supported by the software that they use. People, Ideas & Objects Preliminary Specification will enable the producers that use our system to remain focused on profits and have their entire organization building value. And that is how we will rebuild this industry brick by brick, and stick by stick.

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. 

Best Business Opportunity, Ever, Part XII

We’re at the very beginning of the changes that are happening in oil and gas. The destruction that has been realized by the existing producers is complete. However it may take some time for people to realize the extent of the damage and the resulting capabilities of these organizations. They’re finished, and the sooner we realize that the better off that we’ll be. The upswing in terms of the creative elements are at hand, and as we saw yesterday investments are being made. Now is the time for individuals to prepare and organize themselves to ensure that they maximize their exposure to the best business opportunity, ever.

Taking action now and on a sustained basis is what’s going to be necessary for people to participate in this opportunity. There are many things to be done. The absolute last thing that you want to be doing, and the absolute last thing that you will do, is leave where you're working now. Preparation now is the key to the success that you’ll realize in the future. The moment you set your mind to the process of this change you in essence make it real. That is how we’ll do this. The more minds working in this direction the better. That is the start.

Whether it’s an oil and gas company that you want to start or a service provider organization. The redevelopment of the industry is from the ground up from all disciplines. People, Ideas & Objects are providing the Preliminary Specification as the basis or vision of how the industry would operate in order to ensure that profits are the primary focus of everyone in the industry. Using this vision to guide you in the development of your organization will ensure that you’re consistent with the needs of a profitable oil and gas industry. With everyone in the new oil and gas industry doing the same we can leave behind the destruction and muddle along strategy of the existing producers.

I believe it’s necessary to read the entire Preliminary Specification. Although you will focus on the area that is most familiar to you. The understanding of how the industry operates based on the Preliminary Specification is very important. There are fundamental differences that make up the ability of the industry to focus on profits. The producer is reorganized, the industry is reorganized and the service industry is brought closer to the operations of the producers themselves. How this is done and why are important for everyone to know and understand. No one would undertake a significant journey without first studying a map of the area that they’re heading. The Preliminary Specification provides that level of understanding for those wanting to make these changes.

In order for the new oil and gas industry to realize the upside in the next 25 years. We need to be organized in a way that enables us to realize that upside. There is no way that an organization can function today without software defining and supporting what it does. At the same time that software constrain and cements that organization into an unchanging and unchangeable beast. To proceed down this path without the permanent software development capabilities of People, Ideas & Objects would be foolish. The ability to make changes to the software in the future will ensure that we don’t run into problems such as what we are experiencing today.

If we want to gain the upside of the the dynamic, innovative, accountable and profitable oil and gas producers by acquiring the existing producing capacity, realize the $25.7 to $45.7 trillion value proposition of People, Ideas & Objects and the upside from making North America energy independent. Then we need to ensure that the industry, the producers, the service providers and the service industry are configured in a way to make that happen. The path for that is the Preliminary Specification.

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.