Think Bigger. Aim Higher. Go Further.

Tag: BP

Song For The Sea

I recently received an email from a major on-line publication collecting “Letters To The Gulf”.  I wondered, What would the Gulf Say to Us?   That question sounded familiar so I dug through some old video tapes looking for that long-lost club gig from my days in the Hollywood Rock Band Circuit back in the Late 1980’s.

This piece is called Song For the Sea and it was written shortly after the Exxon Valdez spill in 1989 and amid controversy over illegal long net fishing practices.  Lance McCormick is playing Bass and Keys, I am on Drums, and Phil Felicia is on vox and axe.  It is pretty interesting how timeless this theme is.

Interesting features:

Phil uses a can of Tuna as a slide to make the sound of expiring whales and sea life.  His guitar solo is an enactment of a tuna fish thrashing in it’s final moments of life.  I remember that I could barely contain myself, it was so funny to watch – I almost fell off my seat in hysterics every time Phil did the part – but it was powerful imagery especially in later shows after we worked out the shtick a little better.  I think we all took stabs at the lyrics. Keep in mind that this was 20+ years ago in Hollywood California – the objective was to be offensive, shocking and controversial so don’t get too riled up over our choice of words. On the other hand, they do contain an interesting historical perspective from a bunch of kids (transcribed below) in the late 80’s.  The band was called “Rage In Eden”, affectionately named after Gulf War 1

So here is a blast from the past in loving dedication to BP and the gang
***STRONG LANGUAGE ADVISORY***

Song For The Sea

Welcome to my Universe
Once the mighty sea
Turned dumping ground
for all the pigs to see

Now I’m left here in your waste
drowning in your own disgrace
(let’s do it)

Spilling Toxins in my Sea
My putrid flesh bears the stench
of your rotting soul

So I put it to you
Mr. Politician Man
Whatever Gave you the right
To come and punish my world

With your – (indiscernible) – high and low
All I live for in my life
Is just a paycheck to you

So I put it to you, Mr. Businessman
Whatever gave you the right to Punish my world

Dogs dig in my shores
Dollar Whores
I need you to taste the decay and waste
we sold you, yeah

So I put it to you, Mr. judgment man
What ever gave you the right
to punish my World.

Financial Currency vs. Social Currency

The difference between the current economic paradigm and the next will balance on the difference between financial currency and social currency. Let me explain:

The flawed calculation

Obviously, the Gulf Oil Spill was a result of a flawed calculation. As a result, the rig was not equipped with an “acoustic trigger” in the event of an explosion – should the dying surface workers fail to hit the manual cut-off – this device would automatically shut the well.   The device costs 500,000 dollars.

The estimated damage at 1 month of constant spilling was estimated at 14 Billion dollars with no solution in sight. The residual social cost in unemployment, health and destruction of social fabric could easily double that score. The long-term cost to industries and natural ecosystems could double that number again.

Score: 500,000 dollars vs. 50 Billion dollars; The financial currency to social currency ratio = 1: 100,000

Ted Nugent, a fervent and vocal Republican, Tea Party spokesperson, 2nd amendment activist, hunting enthusiast, and hard rock guitarist accuses this nation of losing it’s culture of accountability. His quote on CNN this weekend “I never had a fire, but I have a fire extinguisher in every room of my house. The spill was a criminal act of negligence”. In this case, I would have to agree with ‘The Nuge’.

Accountability is a calculation

When a company performs a cost benefit analysis, they look at the remediation cost of peril and the cost of mitigating peril and the probability that the peril will occur. The problem arises from the valuation of remediation cost; quoted in financial dollars “subject to litigation” when it should be actually be quoted in social currency. Litigation risk is not a proxy for social currency.

In the example of the Gulf Oil Spill, this equation was off by a factor of 1:100,000. Every other possible failure calculation that could have occurred was likewise flawed by the same ratio. Therefore, there is 100% probability that none of the perils were properly mitigated, hence, accountability was zero. I am sure the 11 workers who perished would have agreed.

Scraping the Deep Web

So what would accountability look like? We see that Social Media, in general, provides a remarkable system to punish low integrity and reward high integrity. Could this medium of exchange in social currency provide an accountability standard to hedge financial currency?

If Facebook can map the human consumption genome, technologists certainly have the data scraping ability to develop a true value calculator that can compare financial value to social value for any venture, prior to the venture being executed. In fact, we should be able to predict what ventures are more likely to occur given the relative values of social and financial currencies. The fear, of course, is that this will hurt business.

True leverage calculator

A true value calculator would, in fact, be better for business because it improves business intelligence shifting opportunities to meet true market demand. A true value calculator would not eliminate markets, it would liberate the true demand of a market. And if that is not enough, consider the 100,000:1 market leverage that the trade in social currencies could have over financial currencies.

Now that’s a business to consider!

Powered by WordPress & Theme by Anders Norén

css.php