One webinar after another … from President, to SVP, to VPs … all the same message and outcome.
No new directions given. Same old, same old. Nothing thought provoking, to challenge our fertile minds.
They still want … no, demand, the max from all those left behind. Learn to work with less headcount … but TMTS will still come to hit you anyway.
Past salary freeze, stalled promotions are all deemed water under the bridge. There are no plans for restitution … now don’t bring up Shell’s 8%, cos we have no plans to reciprocate … and besides, Shell had actually cut salaries, so they are obligated to compensate for their own “wrongdoing” now. Whereas EM did not - it just removed increments. Not the same!
The biggest figment of EM’s corporate management’s imagination is that with the still-unproven CCS and LCS technologies, we can continue to sell “modified” fossil fuel products … call it blue or pink, whatever. They’ve gotta be kidding themselves. Pulling wool over whose eyes?
And they think that EM can just switch onto the LEF bandwagon? … how wrong they are! The bio-fuels competitors are miles ahead of us in the sweep stakes. They have long secured their raw feed supply chains and product distribution channels.
And EM, the new kid on the block, wants to go into that same market now? The raw feed cost is going to be extremely prohibitive! Even buying gutter oil (spent cooking oil) - EM has had no established collection network, no experience in term-contracting such non-traditional, non-crude feed sources. Our commercial and product traders can only look askance, when they land themselves with the unenviable task of having to secure term supply of such feedstock.
And purchasing very costly bio-diesel, only to convert it to sustainable aviation fuel (SAF) … companies like Neste will just skin us alive!
Make high-cost blue hydrogen? … won’t that also push up our cost-to-produce, to stratospheric levels? How do we maintain our cost-competitiveness then? Who’s gonna buy our still-fossil-based fuel products?
It is in my strong opinion that the people “up there” are just not thinking and talking straight.
I am extremely disappointed with how myopic our corporate management has become - not to be able to see through the obvious!
We’re just clinging to the last remnant straw of the great Rockefeller empire and the Standard Oil Company, which had served its purpose well, during the industrial revolution and beyond, into the new millennial. But now, things must change.
“How Dare You?” (GT).