Who is rich and who is poor is not black and white

There is a significant chance that you will be both in your life time. Here’s a link to the percentage chance that your household will spend at least two years at the top 20%, top 10% and bottom 1% of household incomes in your lifetime.


Oil Companies don’t make that much money

Here you have it, straight from Forbes on the 5 facts everyone should know about Oil Exploration:

“Oil companies don’t really make that much money…. This is an incredibly capital-intensive industry….Frankly, it’s a miracle anyone wants to be in this business at all. I truly think the major oil companies are underpaid. The risk-adjusted returns are crap compared to most sectors.”

Sounds to me like an industry that could really leverage better real time communications to de-risk the business & access technical know-how anywhere it is in the world.