A Few Steps Closer
What is everyone waiting for? Bureaucrats have everything under control, prices are rising and the industry will be on its feet in a few short quarters. There seems to be some doubt about that. People don’t think that “things” are back to normal. No one is dancing in the streets here in Calgary, like they normally do during Stampede. It’s more of a brace yourself for impact kind of feeling. It’s not that I lust for the bad times but these make for positive news here at People, Ideas & Objects, our user community and service providers. The only way to undertake the wholesale changes that we are doing within the Preliminary Specification is on the basis of the absolute failure of the bureaucracy. They have permanently damaged the competitive structure of the industry. The producer organizations can not generate any surplus cash. If they do generate any cash they have bank, bond and shareholders obligations that were incurred over the past two decades. There is absolutely no upside for a new investor. I honestly couldn’t be happier that this project is one step closer as a result of the bureaucrats incompetence.
Never before in People, Ideas & Objects have we been this close to writing code. I can taste it. The investors in oil and gas have decided that they won’t be doing business with the current producers. Their cost structures are uncompetitive. The banks have also been advised by the Fed in the form of new guidelines on how to issue loans to oil and gas producers. The Fed was concerned with the rising level of oil & gas defaults and stated that banks need to change their methods of granting loans to now consider the ability of the producer to pay. It’s not too long that an industry can survive without the support of the investment and banking communities. The need for cash in the oil and gas industry is epic. We will see how desperate it is in the second quarter reports that will be published here in the next six weeks. There is a reason new wells are being drilled. It's a source of new cash and the drilling company doesn’t get paid for 60 - 90 days, if their really lucky.
And when it comes to providing these investors and bankers with a new industry opportunity. People, Ideas & Objects, our user community and service providers reset the competitive structure of the industry. Enabling them to invest today in the industry without the dilution from an existing producers bank and bond debt or shareholder structure. Allowing them to hold 100% of their new oil and gas properties investment title. Investors and bankers can both participate in purchasing properties and field activities. Have the current producers operate these properties for them in the short term, while we develop our system, the user community and service providers that will manage the property for them in the long term.
We are on the cusp of becoming “real.” I don’t know what will push us over but we’ll get there and soon. I would encourage you to continue to work on your user community application. It is a substantial business opportunity in this new sub-industry that we’re creating between the oil & gas and the Information Technology industries. This past year we have seen many significant developments that were necessary for People, Ideas & Objects our Preliminary Specification, the user community and service providers to come into being. Things happened quickly last year. I think that the speed at which we will be able to move from this point forward will surprise everyone. That is why it is important to get working on your application. We are in the right place at the right time. Things will be happening quickly now and promises to be an adventure for those that participate.
The Preliminary Specification and user community provides the oil and gas producer with the most dynamic, innovative, profitable and successful means of oil and gas operations. People, Ideas & Objects Revenue Model specifies the means in which investors can participate in these user defined software developments. Users are welcome to join me here. Together we can begin to meet the future demands for energy. And don’t forget to join our network on Twitter @piobiz anyone can contact me at 403-200-2302 or email here.