That's a lot of non- technical verbiage to read on a Friday morning Ken. Who's your audience?
The double etendre in the subject line is interesting though. Cheers, Ed Ed Cunion Red Rocks Geophysical Lakewood, CO 80228 Mobile/text 720-300-3641 On Fri, Nov 13, 2020, 7:57 AM Ken Witherly via SEGMIN < [email protected]> wrote: > Dear Colleagues > > > > The president of the SEG authored the President’s Page for the November > issue of Leading Edge. While he tries to be upbeat and ‘rally the troops’ > as it were, the core message is quite somber; in the oil industry alone, > the expectation is that close to 50% of the geoscientists employed will > loose their employment by next year. This is a combination of two severe > hits to the industry; the first in 2014-15 and the second the result of > effects of C-19 and a production war last year and early this year between > Saudi Arabia and Russia. As the President states, this time around, the > industry took immediate and drastic action to reduce costs over the next > 3-5 years, the sort of minimum time period companies feel is required to > see some serious demand/price stabilization. > > > > This will make it very hard for the SEG to go forward without major > changes and the President states this. He has indicated he plans to > communicate to this issue over the next several months. > > > > Clearly this will depress the support oil companies provide to > universities and students and new hires will become increasingly rare, with > companies most likely be allocating their previous HR dollars to those with > specially skills most likely to be found with mid-career people. > Contracting these positions to a service group like Haliburton or > Schlumberger might well be considered to best approach. > > > > So what does this matter to minerals? If the professional societies we > make use of and the universities we draw students from feel these cold > economic winds, so too will the minerals industry be affected. Applied > geoscience schools around the world can very seldom survive with a minerals > focus alone. My own adopted home town Denver has the Colorado School of > Mines next door in Golden. This school has for years supported a vibrant > geophysics department with a dual focus on energy and minerals. Remove or > severely dimmish one component would make the sustainability of the other > very difficult. > > > > I look forward to what the SEG President has to suggest in the coming > months. In the meantime, I like many of you will have gotten your request > to renew membership notices. While we might look around and think we are > all members, a quick survey I did of the 44 people listed as members of the > SEG Mining Committee before the last AGM showed about *30% of the people > listed as being a member of the Committee were not registered as SEG > members. *The SEG now more than ever needs our support, both for the > funds we provide but maybe more importantly, to be part of a show of hands > and say ‘I think this activity is important and I want to help’. > > > > Best/Ken > > > > *The Greatest Obstacle to Discovery Is Not* > > *Ignorance—It Is the Illusion of Knowledge* > > > > Condor Consulting, Inc > > St. 150-2201 Kipling St. > > Lakewood CO 80215 USA > > T: 303-423-8475 > > > > Condor North Consulting ULC > > 170 - 422 Richards St. > > Vancouver BC Canada V6B 2Z4 > > T: 604-630-8334 > > > > > ----------------------- > SEGMIN community mailing list service ([email protected]). > Change your personal options here: > https://lists.geosoft.com/mailman/options/segmin/ed.cunion%40gmail.com > Colleagues can join here: > https://lists.geosoft.com/mailman/listinfo/segmin > Archives: https://lists.geosoft.com/mailman/private/segmin/ > NOTE that <Reply> will reply to all members of the list. >
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