Not a cyclical problem

This is not a cyclical problem something Paal just will not admit to.

Historically the cyclical nature of oil as been related to economics such as the price crash of 2008 -9

Or it has been related to geopolitics such as the middle east wars of the 70's and the realization of the power Saudi had to increase prices.

Now however the problem is two fold

One change of technology has opened huge cheap reserves and shale oil and gas is holding prices down. A situation that supports most economies {including China and the USA} it does not help the middle east nor Russia though but they can not force prices up. As recenctly demonstrated the OPEC cartel does not have the power it once had.

Second a global desire to change from a reliance upon fossil fuels, that is unless you are a Trump supporter, the world desires change.

These are not cyclical changes these changes will not go into reverse - sure the petrochemical industry will create a demand but in the long term as an energy resource the world wants to change {unless you are a Trump supporter that is} and is changing and changing fast. Thankfully many realize that we depend upon an healthy environment and fossil fuel use is going into a decline as an energy resource.

The advantages to the Economies of China and the USA is obviouse and therefore it is not in their interests to pay any attention to the OPEC plus Russia cartel to hold prices up the change in technology and the benefits it brings many advanced economies will help to hold prices down.

Therefore Mr CEO just wake up smell the coffee and plan for a new world not for a world that is slipping into history. Or like other big companies such as Kodak who failed to take advantage of new technology you will also become history. It happens just because you are big does not make you immortal.

NOT THAT I CARE REALLY but it just confuses me how any one can be paid so much and be so ignorant but that is the way of Schlumberger and the management at Schlumberger.

Originally posted by @Onu4Kgg-iov .

Comment! It's anonymous!

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Are you sayin this is how that guy thinks now :

https://tenor.com/view/the-muppets-kermit-the-frog-none-of-my-business-drinking-tea-sipping-tea-gif-4887762

@OqBtFjC-3tnu

You must think Paal's job is to craft SLB into a new company that will thrive on the electric future.

No this is not a thread concerning the future direction of SLB, all I am arguing is that this is NOT a cyclical problem. The world is changing and SLB are either

1, Ignoring the fact the world is changing

2, Know it is changing but will not admit it

3, Do not even realize it is changing

Therefore they claim this is a cyclical problem and if we all wait a while things will be great again and oil will rise to $100 a barrel again.

Which makes SLB

1, A company that does not admit the truth to it's investors, employees and stake holders in general, in other words they know it is a changing world and will not admit it and they are simply lying to everyone. For which they have form, just as they did in the past concerning relationships with Sudan and Iran and received a $233 million fine.

2, Or just plain stupid because they can not see the writing on the wall.

I have used the BMW and UK, France governments examples to illustrate that the world is changing not that Paal should do anything about it and I have used Kodak to illustrate what happens to companies that do not look to the future

3fct, what prove you have slb is investin in water services? As far as we know slb already sold its water services business.

Even though, why you you invest in a company which its core business is not water services? There are many companies pioneering water services already.

Slb tried many times to diversify but it failed all the time.

I would think twice.

Sounds like SCAMpreneur.

You must think Paal's job is to craft SLB into a new company that will thrive on the electric future. His job is to navigate the problems of today - not 2040. His job is to maximize shareholder value. I'm not condoning that but it is the reality we live in. I do believe that SLB is positioning itself for a future without oil. They are investing in water which is already worth more than oil per unit volume in many parts of the world. With population growth unchecked, defoliation due to global warming, poor resource management - water is becoming the new gold. I don't own SLB stock but would have no problem investing in it with Paal at the helm. I am no longer with SLB. Don't miss it either.

As soon as switching to electric cars becomes a sustainable option (around pre-2030?) the decline of the oil industry will be swift. This is the view of market forecasters.

An update to support my point that the world is changing and this is not cyclical. Governments want clean air and an healthy environment or the consequences are catastrophic as an example:

Sperm counts have plunged by nearly 60 per cent in just 40 years among men living in the West, according to a major review of scientific studies that suggests the modern world is causing serious damage to men’s health.

Pesticides, hormone-disrupting chemicals, diet, stress, smoking and obesity have all been “plausibly associated” with the problem, which is associated with a range of other illnesses such as testicular cancer and a generally increased mortality rate.

So certain parts of the globe are taking measures to protect our future:

After France announced earlier this month that it plans on banning new petrol and diesel cars by 2040, now the British government is about to announce similar measures this week.

The move is in reaction to increasingly poorer air quality in the country and especially in urban regions – like London.

AND

A fully electric version of the BMW Mini is to be built in the UK,

Well that is my point the world is changing and changing at an ever increasing rate.

If there is a coil it is for everyone, GE,HAL,...and small service companies too.

While we are waiting our competitors increased their market share and we lost to them already.

Sad...sad...

P knows is but wont admit. Some "engineers" in slb still putting their hope in "coil of P" theory though.

Thread regarding Schlumberger Ltd. layoffs

Not a cyclical problem

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