Yes, Of Course. Not...
I find it miraculous that the recommendation in oil and gas is that producers dictate to their software vendors how to prepare their technologies in this or that method. That API’s are the method producers will access the functionality they need. That OpenSource software will be the tools that software developers are to use. Yes of course, I can see their point clearly. Producer bureaucrats want to maintain price as the basis of competition and control the software vendors that buy into this foolishness. That is until we come to the method that the Preliminary Specification will be presented to the oil and gas producers. It will be presented and delivered to them in a browser or equivalent, and each of the users that are based within the producer firms will have access to the Preliminary Specification through a username and password. What could be simpler. (A note here to state that our first module was the Security & Access Control module in order to provide the highest levels of corporate and Joint Operating Committee security. But we’re not discussing this complex subject at this point.) The requirements of having software vendors use API’s and OpenSource software may be valid in most industries, I don’t know. But for oil and gas, or at least from the point of view of People, Ideas & Objects these are moot arguments and will never be under consideration. Review of our Intellectual Property and the means in which it’s being used to provide the most profitable means of oil and gas operations is the only way in which the industry is going to achieve profitability from this point. The use of our Intellectual Property is best understood by reading our user community vision. It is our Intellectual Property that we use to raise our budget, maintain the collaborations in the user community and provide a new foundation of competitive advantages for the user communities service provider organizations. All of these would be unavailable under the methods being dictated here. These service provider competitive advantages do not include price however they do include specialization, the division of labor, quality, automation, innovation, leadership, integration, efficiency and effectiveness as just the highlights. There are a number of our competitors in the market today providing solutions to the producers, however we would assert that their software has failed when their clients are failing too. But I would also like to assert the quote from General Eric Shinseki, “If you don’t like change, you’re going to like irrelevance even more.” The days when producers could dictate how they’ll access software has passed. I would also suggest that they have other business issues to attend to.
I have expressed here many times that People, Ideas & Objects Preliminary Specification is the means in which to ensure producers attain the most profitable means of oil and gas operations. Going as far as to state that the 21st century is the software century and that all businesses will be software businesses. All software is derivative of Intellectual Property therefore the value in any industry falls within the Intellectual Property that is used by that industry. Encapsulating this by stating 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. The question therefore is, will the industry be capable of making themselves profitable in this century without software? I think we have our answer in today’s economically depressed era. I’ve been publishing my ideas that make up the Preliminary Specification since December 2005. I published the Preliminary Specification in its entirety in December 2013. And the issue we address in our product is the same issue that is destroying the North American producers. We’ve recently documented that this has also been the same issue that was in the industry throughout the period as far back as at least July 1986. If these genius bureaucrats were able to develop software on their own, if they were able to solve their business problems, the writing on how to do that has been on the Internet for decades. It’s not that they didn’t try to use the Intellectual Property we developed, it’s just that they were caught and I stopped them. So, is it possible for the existing producers to find their way out of this malaise? Is it possible for them to do so without the software to define and support the necessary changes that will ensure profitability? Is it possible for them to develop their own Intellectual Property to secure the rights of that software? Can they do that in the next quarter before they completely run out of cash? Is it possible for them to copy the Preliminary Specification? These are the types of questions that producer bureaucrats should be asking themselves. They should also ask why they think their credibility over four decades of losing money is more valid than the work that People, Ideas & Objects have been doing these past 29 years? We’ve always been focused on profits, what have they been focused on?
What OpenSource software and API’s provide the producer bureaucrats is the ability to circumvent the need for any Intellectual Property claims by their software developers and to continue to control them. These are outside of People, Ideas & Objects because as you may be able to tell here today, I’m not biting. This is the way producers will be able to cobble together the solutions necessary to continue losing money on behalf of the entire industry and all of its sub-industries. Making sure that this cobbling of hundreds of applications together is replicated by the bureaucrats within each and every producer in order to achieve the same regulatory and business non-performance. The unshared and unshareable nature of the high overhead costs in oil and gas are contributors to the systemic lack of profitability in the industry. It is however as I stated recently, that credibility once lost is never regained. What I can assure the producers is that the methods of use of our Intellectual Property is what and how the Preliminary Specification and the user community and service providers need and will have. Control is something that slipped from their fingertips at some point recently and I’m not the one to stand here and point out the obvious to them. Maybe it was when Warren Buffett bailed out of his very large contrarian bet in Occidental after only one year.
Nonetheless, why is it that producers have all the rights and privileges of the P&NG leases, while People, Ideas & Objects our user community and their service provider organizations have to renounce all of our rights and privileges to our Intellectual Property through the producers chosen method of access? Clear thinking about Intellectual Property and P&NG leases would indicate that the two work very well in harmony. Two separated by persistent bull headedness, to the point of total destruction, and I’m talking about the bureaucrats here, render both to be more or less useless in terms of economic value. Here’s another suggestion. Quit trying to control everyone else’s business. The service industry is taking things into their own hands now and won’t be doing anything close to what producers asked of them before. The use and abuse they’ve suffered at the producers hands is atrocious and yet, here they are still trying to define how other businesses will be forced to work with them. OpenSource and API’s are great technologies, we may even use some to build the Preliminary Specification. Twisting the purpose of those technologies to dictate to others was what occurred during the bygone days. Take a look at any producer firm's working capital, that era has expired.
People, Ideas & Objects budget will be raised before any development work will be done. That is zero work is going to be done by anyone until the full budget is funded. We have declared repeatedly that “we will not be blind sleepwalking agents of whomever will feed us.” We are not going to have our organization, and specifically our user community members, subject to industry withholding financial resources half way through the process because they're not getting all the compromises they want, or the price of oil was up $3 one day. We have a difficult job to do and we will be successful at it. This implies that we are not going to be doing business the old way anymore. We are aware of how the industry has been run and the bureaucrats expectations of other businesses. It’s time for them to either slink out the back door and hide from the process servers for the rest of their miserable lives, or stand and face the music in terms of the lawsuits that are coming their way. If they put as much energy into thinking how they could mitigate the damages of those that will be litigating. Funding the Preliminary Specification should be the first thing that comes to their minds. In terms of People, Ideas & Objects we will use our Intellectual Property to raise our budget. This will support our developers and user community members throughout our development to its successful completion. Without our Intellectual Property we wouldn’t have the rights to be able to assert the ability to do what it is that we are doing. Solving the industries issues and establishing the basis of a dynamic, innovative, accountable and profitable oil and gas industry.
It is frustrating to have not been able to move forward with this initiative. I can thankfully blame the bureaucrats legitimately as they’ve left an existential issue lingering for at least 34 years. I’ve been working to solve this for 29 years and the majority of this work has been fighting the bureaucrats and their dirty deeds. With the Preliminary Specification being available for the past 7 years. It is the Preliminary Specification that eliminates the bureaucracy just as disintermediation does in every industry. This case of chronic inaction in exchange for excessive personal financial benefit has established the legal framework necessary for the litigation of the culpable and guilty bureaucrats who should have done something to avoid this. Instead all they did was increase their executive compensation, and when it was clear that others had been informed of their legal jeopardy, increased their directors and officers liability insurance. We learned of that overall increase in the industry from Reuters on June 9, 2020 which was more than three months ago and nothing else has been done except for the turtling of the bureaucrats. The good news is that if you’ve incurred a loss from one of these producers they’ve plenty of insurance to pay for it. So you might as well all jump in.
Relying on Open Source software and API’s to solve the industries difficulties will not resolve anything. What is needed is the plan in order to get there, such as the Preliminary Specification, and the financial resources to show the commitment and resolve of industry to those that are dedicated to getting it done. Relying on Open Source software is tapping into the community that supports the software that they’ve developed as a result of their personal interests and passions for better technology tools and features. They were not motivated by money, that’s not why they joined the Open Source project. If they did want to be involved in resolving the industries issues they would want to see the commitment of the financial resources in order to successfully complete the work just as People, Ideas & Objects have done. The producer bureaucrats are only attempting to circumvent the Intellectual Property rights of People, Ideas & Objects that have been established and need them to do our job. And for the producers to acquire this software on a free basis.
The Preliminary Specification, our user community and service providers provide for a dynamic, innovative, accountable and profitable oil and gas industry with the most profitable means of oil and gas operations, everywhere and always. Setting the foundation for profitable North American energy independence. People, Ideas & Objects have published a white paper “Profitable, North American Energy Independence -- Through the Commercialization of Shale.” that captures the vision of the Preliminary Specification and our actions. 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 713-965-6720 in Houston or 587-735-2302 in Calgary, or email me here.