It's Just Not Working Is It
I am yet to see any evidence of the oil and gas investors buying the renewed profitability and discipline story being parroted by the producers. Since the third quarter there doesn’t appear to have been any change in the mindset of investors wanting to participate in the industry. It’s not that the investors don’t believe the producers renewed talking points, regarding profitability and discipline. Its that they would like to see some concrete actions in that direction. The other glaring aspect of the producer's business that frustrate the investors is the inability to address the commercialization of shale. Is shale a viable business? As it stands today it’s not, and the producers won’t address this point. Promoting the upside of shale is easy, everyone understands there’s lots of it. What investors want to know is how can they make money?
People, Ideas & Objects focus on profits has been discussed from the point of view of the investor on this blog. However, if you read the Preliminary Specification it is society in general that we are seeking to build value for. If the investors are satisfied with the profits they’re earning from the oil and gas industry it would be reasonable to assume that all elements of society would be satisfied too. And the counter argument is certainly valid today. The only ones benefiting from the current downturn are the bureaucrats. Their fine and appreciate your concern. The people who work in oil and gas, the people who work in the service industry, the service industry vendors, the royalty holders, the governments that collect the taxes on profits, the people who will need to work in oil and gas in the future and the overall prosperity usually associated with a healthy oil and gas industry in the communities where they operate have all suffered substantially for many years now. If the investors were satisfied these people would not be living such miserable lives and our focus on the investors is more representative of how the system works then it does on one specific group at the expense of all the others.
People, Ideas & Objects plans for 2018 continue to gain focus over these last few months. Our plans seeking to source our financial needs through the issuance of an Initial Coin Offering (ICO) remain fluid however. What was clear on September 26, 2017 was the bureaucrats had no interest in developing the Preliminary Specification. These bureaucrats are too conflicted to do what’s in the best interests of everyone else. Our pursuit of the producers as a source of revenues ceased at that time and we are proceeding with our alternative plans. These include appealing to the oil and gas investor, our user community and others to participate in our ICO. The extrinsic value of our coin will be the differential between the commodity prices realized today and those prices that will be realized through use of the Preliminary Specifications software when operational. Value that the producers have proven to be uninterested in and otherwise available for the taking.
The Preliminary Specification is now four years old and more valid than at any time before. Proving its business model is appropriate for the oil and gas industry. Not only is the Preliminary Specification still valid but the bureaucracy is still failing at a substantial pace. The test of time is a strong advocate for the work that People, Ideas & Objects are doing. And should provide strong support to the oil and gas community at large in terms of continuing to provide that value. The issue for the bureaucracy is they just can’t make the changes to the business model in the Preliminary Specification without the software being developed first. Any attempt by them to only produce profitable properties will only keep all of their properties producing because they have no means of assessing profitability on a property by property basis. Their overheads are all corporate and fixed, whereas the Preliminary Specifications overheads are charged to the property and variable. Therefore the property will always record at least miniscule profits when you capitalize all of the costs under the sun, including on average 80% of overhead, recognize that capital over a 27 year period in some cases and not recognize any of the costs of Houston, Dallas, Oklahoma or Calgary and their overheads. What property wouldn’t make a “profit” in that case?
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. Setting the foundation for North America’s energy independence. People, Ideas & Objects Revenue Model specifies the means in which investors can participate in our future Initial Coin Offering (ICO) that will fund these user defined software developments. It is through the process of issuing our ICO that we are leading the way in which creative destruction can be implemented within the oil and gas industry. 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.
People, Ideas & Objects focus on profits has been discussed from the point of view of the investor on this blog. However, if you read the Preliminary Specification it is society in general that we are seeking to build value for. If the investors are satisfied with the profits they’re earning from the oil and gas industry it would be reasonable to assume that all elements of society would be satisfied too. And the counter argument is certainly valid today. The only ones benefiting from the current downturn are the bureaucrats. Their fine and appreciate your concern. The people who work in oil and gas, the people who work in the service industry, the service industry vendors, the royalty holders, the governments that collect the taxes on profits, the people who will need to work in oil and gas in the future and the overall prosperity usually associated with a healthy oil and gas industry in the communities where they operate have all suffered substantially for many years now. If the investors were satisfied these people would not be living such miserable lives and our focus on the investors is more representative of how the system works then it does on one specific group at the expense of all the others.
People, Ideas & Objects plans for 2018 continue to gain focus over these last few months. Our plans seeking to source our financial needs through the issuance of an Initial Coin Offering (ICO) remain fluid however. What was clear on September 26, 2017 was the bureaucrats had no interest in developing the Preliminary Specification. These bureaucrats are too conflicted to do what’s in the best interests of everyone else. Our pursuit of the producers as a source of revenues ceased at that time and we are proceeding with our alternative plans. These include appealing to the oil and gas investor, our user community and others to participate in our ICO. The extrinsic value of our coin will be the differential between the commodity prices realized today and those prices that will be realized through use of the Preliminary Specifications software when operational. Value that the producers have proven to be uninterested in and otherwise available for the taking.
The Preliminary Specification is now four years old and more valid than at any time before. Proving its business model is appropriate for the oil and gas industry. Not only is the Preliminary Specification still valid but the bureaucracy is still failing at a substantial pace. The test of time is a strong advocate for the work that People, Ideas & Objects are doing. And should provide strong support to the oil and gas community at large in terms of continuing to provide that value. The issue for the bureaucracy is they just can’t make the changes to the business model in the Preliminary Specification without the software being developed first. Any attempt by them to only produce profitable properties will only keep all of their properties producing because they have no means of assessing profitability on a property by property basis. Their overheads are all corporate and fixed, whereas the Preliminary Specifications overheads are charged to the property and variable. Therefore the property will always record at least miniscule profits when you capitalize all of the costs under the sun, including on average 80% of overhead, recognize that capital over a 27 year period in some cases and not recognize any of the costs of Houston, Dallas, Oklahoma or Calgary and their overheads. What property wouldn’t make a “profit” in that case?
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. Setting the foundation for North America’s energy independence. People, Ideas & Objects Revenue Model specifies the means in which investors can participate in our future Initial Coin Offering (ICO) that will fund these user defined software developments. It is through the process of issuing our ICO that we are leading the way in which creative destruction can be implemented within the oil and gas industry. 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.
