Business Model Transitions
And that is why we are building the user community here at People, Ideas & Objects. To offer the investor community with an alternative means of organization to the oil and gas industry. The problem is we have no funding, and we have no support because the bureaucracy sees us as a threat to their franchise. That’s because we are a threat. There is no bureaucracy in the Preliminary Specification, it has been eliminated. So we are reduced to building the user community brick by brick, and stick by stick, the long and hard way. We are planning on doing this for the next five years. The time it will take to incur those additional $325 billion in opportunity costs to 2019. And then we will be able to begin the software developments. Surely by then some sanity will have overcome the industry and the loss of $705 billion by 2019 will have frustrated someone to act. Or we might have to wait until it hits a trillion dollars or more.
Either way we'll be ready with the user community that is focused on providing the oil and gas producer with the most profitable means of oil and gas operations. A fundamentally different business model. One that is a business. Not one that is a charity, which is a charitable way to describe how the oil and gas industry is operated today. We understand how the business grew to become what it is today. And we know why the business operates the way it does. That doesn't mean that the business has to stay that way. New business models are brought into industries all the time. If the old business model fails to build value, then replace it with one that does. It is a simple process of change and renewal that should be supported by all that are in the business.
The one cautionary note we raise in the Preamble to the Preliminary Specification is that we do stand on the shoulders of giants and we need to fully appreciate and understand this. Making changes at this point without fully understanding the consequences of our actions could be highly detrimental to the industry. It requires planning and in this day and age the software necessary to support any changes. Nothing will last unless the software exists to support the changes that we want. And that is the role that People, Ideas & Objects is taking in this business model transition. We have laid out the vision of what the industry would look like. People can see how that will work and how they will interact with it. And now we have to build the infrastructure, the software, that will enable those interactions to occur.
As important as the software is today, the software must be user community defined and supported. Having a group of developers in a room by themselves is useless. Its like having an engine mounted on a table. Without the users defining and designing the needs and wants of the systems, the developers will not know what is needed. And that is why we are so focused on the user communities development. And if it takes us the long hard slogging of the next five years, that is what it will take. If industry decides to join us now then we can do it much quicker. But that seems to be such a big “if.”
What we can do today is promise the industry that we will provide them with the most profitable means of oil and gas operations. We can prove it in the Preliminary Specification, and if we can prove it there we can prove it when the user community is developed and the software is operational.
The Preliminary Specification 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.