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Nov 24Best of 2024: Lowering the Rent Floor
by in Best of… on 2024-12-31Businesses always want to save money. But boy, they can sometimes come up with some hare-brained ways of doing it. Original --Remy
Things weren't looking good for IniOil. It was the 1980s in the US: greed was good, anti-trust laws had been literally Borked, and financialization and mergers were eating up the energy industry. IniOil was a small fish surrounded by much larger fish, and the larger fish were hungry.
Gordon was their primary IT person. He managed a farm of VAXes and other minicomputers, which geologists used to do complicated models to predict where oil might be found. In terms of utilization, the computer room was arguably the most efficient space in the company: those computers may have been expensive, but they were burning 24/7 to find more oil to extract.