Read on Twitter
After 10+ years in upstream operations, I am constantly learning something new. Addressing new challenges caused by the limitations of physics, chemistry, environment and deploying solutions >5km underground.
I have barely scratched the surface on the whole picture. https://twitter.com/StreetBomber/status/1354108690937368576
I have barely scratched the surface on the whole picture. https://twitter.com/StreetBomber/status/1354108690937368576
Heres a prime ex. of imo (one of) the biggest societal challenges we will face:
1.Quality of readily accessible information is severely degraded
2.Opinions formulated in seconds
3.Opinions driven by emotions rather than critical thinking
All in all, too much noise.
1.Quality of readily accessible information is severely degraded
2.Opinions formulated in seconds
3.Opinions driven by emotions rather than critical thinking
All in all, too much noise.
In reality the O&G industry is constantly evolving, testing new technology, hunting efficiency. But we are talking infrastructure and industrial scale. We are talking big $. When a well operator tries something new and is wrong, they get bit. Hard.
Example: operator tries a new plug tech in p-n-p frac. Goal to eliminate post-frac millout, create big savings.
Only issue: plug material is very hard -> extremely difficult to mill. Think of trying to drill a hole in a steel bucket with a wooden bit.
Only issue: plug material is very hard -> extremely difficult to mill. Think of trying to drill a hole in a steel bucket with a wooden bit.
But Sam, the whole goal is to NOT mill, so why's that an issue?!
Remember the >5km underground part? When plug won't function perfectly (it can happen) you spend days not minutes trying to remove the obstruction.
Days. At +/- $10,000/hr standby rates. Let that sink in.
Remember the >5km underground part? When plug won't function perfectly (it can happen) you spend days not minutes trying to remove the obstruction.
Days. At +/- $10,000/hr standby rates. Let that sink in.
But you don't know that an O&G company had to take lumps like that when you saw an aggregated CO2 estimate from a third party funded by a special interest group and blacked out because so much "science" has been crammed in your face proving CO2 = bad, therefore oil = bad.
People not dealing with infrastructure and large physical projects on a regular basis do not understand the implications of being wrong.
And that's okay.
There are dozens of subtleties to every industry. It's why we have experts and in a normal world we rely on them.
And that's okay.
There are dozens of subtleties to every industry. It's why we have experts and in a normal world we rely on them.
Imagine trying to tell SV that programming RobinHood is simple. Barely a week's task!
All the trading functions already exist, just have to make a few buttons that execute the actions! Easy!
All the trading functions already exist, just have to make a few buttons that execute the actions! Easy!
The moral of the story: when you lack a modicum of applicable knowledge in a topic, better to poll the experts rather than be abrasive with your revolutionary pie-in-the-face ideas. They probably wrote your idea off without blinking years ago because it just wasn't feasible.
