The two-legged stool. In this second installment of my exploration of the new reality of capital project delivery, I take on a sacred cow of the project management dogma: the constraint trifecta, named for the trade-off triangle familiar to anyone who was ever associated with projects (see image below). Traditional project management (TPM) practice states […]
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Fear and loathing at $147
Undercurrents. I have remarked a subtle undercurrent flowing through the voluminous responses to my and other prognostications on the future of oil. The topic has certainly attracted a wide readership, at nearly 70 000 views so far. This undercurrent is perhaps best characterized as fear. Many readers have expressed a deep seated fear that the […]
To $147, and beyond!
Wow. My last post, the long shadow of a black swan, hit several nerves within the reading community. For example, as of this writing, it has been viewed by more than 32 000 people on oilpro.com (for which its editorial board deserved credit for the eye-catching headline!). This level of reception is very humbling to […]
Great Expectations
An ironic consequence of the great dislocation in the oil and gas industry has been the recovery of control over a hitherto spiraling cost structure, by those who hold the purse strings. The worldwide onslaught of lay offs, both the necessary and the opportunistic, have transformed owners and producers into de facto monopsony hegemons […]
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