Oil Field Automation

[Non Sequitur]

The oil field is bouncing back, but not the jobs. There's more than a few lessons for sharp appraisers in this article: http://www.msn.com/en-us/money/mark...t-behind/ar-AAn6SCy?li=AA4Zjn&ocid=spartandhp

 

[Terrel L. Shields]

automation is creating a new demand for high-tech workers — sometimes hundreds of miles away in a control center

If you want to know why Macondo was such a disaster, remember engineers in Houston were running the rig for BP, but BP blamed Transoceanic for the disaster.

We are continuing to overdrill because of dumb foreign investors buying into the idea that price will rebound. Enjoy while you can.