Leadership, Period
Waiting for the direction to come percolating down from the CEO or board of directors has been a long and costly wait. They evidently have no clue as to what’s going on in their business or the industry. Action by the user community participant is what’s going to make all of this happen. First by building the Preliminary Specification. Then by developing their service provider organizations that will provide for the administrative and accounting services to the producers. Then these service providers will be capable of dealing with the issues and opportunities of the domain of the process that they manage. Thousands of service providers acting in the best interests of what the producers business interests are is “what and how” the oil and gas industry needs to move forward towards the future.
Will oil and gas figure out technology before technology figures out oil and gas? This is an argument being asked in industries everywhere. In oil and gas the point is moot. Both have to work together which is what People, Ideas & Objects are doing. I frequently state that it’s not enough to own the oil and gas asset anymore. It’s also necessary to have access to the software that makes the oil and gas asset profitable. That’s the Preliminary Specification. Bureaucrats don’t like to hear that they’re no longer involved or necessary in their organizations. It’s not just oil and gas that this is the case. Every industry is affected in this manner. What is necessary is that we make this change before too much more destruction is done.
The destruction has been limited to otherwise innocent people’s lives and the financial arena up to this point. We may now find that with the length of time that the financial difficulties have been unaddressed will begin to see detrimental effects on the capabilities and capacities of the industry. It will take a significant effort to not only turn that trend around but to return it to where it was before. Why do we even have to go there? But that is the exact strategy of the bureaucrats. Market rebalancing is nothing more than the willful destruction of deliverability to the point where it meets market demand. A foolish strategy and one the bureaucrats should be called on.
The leadership in the industry needs to ensure that every drop of oil or gas is produced profitably from this point forward. We owe that to ourselves. We can’t look back and realize how wasteful we’ve been with such a valuable resource. By ensuring that we’re producing every drop profitably our future will be more secure. We owe that to ourselves as much as we owe it to all the people who are involved in the industry today. They should be provided with a predictable and prosperous future. These cyclic downturns are unnecessary and are relics of the absent and unmotivated management by the bureaucrats. They’re not interested in managing this resource effectively, then it’s up to us to lead the way.
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.