samboct -> RE: Gulf oil platform explodes, burning off La. coast (9/4/2010 10:43:00 AM)
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Some people- especially those that write for automotive magazines, often sneer at the R+ D folks at GM. Their displeasure is misplaced- it's the management of the company that's been problematic. Note that R+ D folks often aren't really the dreamers- those tend to be some top level people. The R+ D folks at (actually, I should say WERE at) GM are much more pragmatic- they want to turn those ideas into reality. Oil companies on the other hand- have zip imagination. I've met people from BP, Shell, Chevron etc- often VPs or CEOs who show up at a meeting, give a talk that says that yes, we know that the era of cheap oil is over, but we can continue with what we've got using new extraction technology for 50 years- maybe more. They wave their hands about carbon sequestration, and try to assure people like Sanity (Tom) that they know what they're doing. They do- in terms of oil. In terms of anything else- fuggadaboutit.....Oil companies view themselves as banks, with oil as their deposits. They generally have problems moving into other businesses because they don't have a good imagination and don't understand that other businesses have different business models- like intellectual capital and workforces that actually matter. Same problem that banks have when they take over a business. How often have you seen a banker make a go of a business? I'm short changing some of the oil companies here- at least a few of them probably do recognize the value of their workforce. Sam
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