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Oil traders are watching workers’ phones to spot problems at refineries

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Re: Oil traders are watching workers’ phones to spot problems at refineries

#31

I'm not surprised in the least. The industry is full of stories that started out as rumors but have ended up proven as true about the lengths they will go for more or better information. I've heard an apocryphal story that I'm still waiting for truth on. It was of a soybean prop trading firm quant who reverse engineered a cross-town rival's trading strategy, allowing them to front run their strategy. The way that the…

Sounds smart, but also sounds quite like an urban legend.

Re: Oil traders are watching workers’ phones to spot problems at refineries

#32
post #26

Earlier quoted context omitted.

Of course people smoke where it doesn't make much sense. I mean, think about it for a second.

I thought about it and couldn't figure out why it's obvious. Care to share some light on that?

Refineries are flammable. Cigarettes burn intentionally.

Not saying it’s the best joke, just explaining the meaning.

Re: Oil traders are watching workers’ phones to spot problems at refineries

#33
post #26

Earlier quoted context omitted.

Of course people smoke where it doesn't make much sense. I mean, think about it for a second.

I thought about it and couldn't figure out why it's obvious. Care to share some light on that?

Not the OP. Two thoughts: Working in an environment that could explode at any minute requires some relief to combat stress. Kind of like a war zone. OR Smoking doesn't make sense, so of course people who choose to smoke would do so where it doesn't make sense.

Re: Oil traders are watching workers’ phones to spot problems at refineries

#35
post #26

Earlier quoted context omitted.

Of course people smoke where it doesn't make much sense. I mean, think about it for a second.

I thought about it and couldn't figure out why it's obvious. Care to share some light on that?

Smoking a cigarette has its downsides no matter how flammable the greater surrounding environment happens to be.

Re: Oil traders are watching workers’ phones to spot problems at refineries

#36
post #26

Earlier quoted context omitted.

I thought about it and couldn't figure out why it's obvious. Care to share some light on that?

Smoking a cigarette has its downsides no matter how flammable the greater surrounding environment happens to be.

So in your world, if you’re willing to be X amount self-destructive or accept X risk, you’re also willing to accept X + Y risk or self destruction regardless of how large Y is. Got it.

Re: Oil traders are watching workers’ phones to spot problems at refineries

#37

I wonder if there's companies who sell ELD info similar to other examples listed in here about carriers and apps selling user info. Having ELD info from truckers around refineries and drill sites would give you a pretty good insight as to what's going on.

ELD info?

Assuming it is Electronic Logging Device

Re: Oil traders are watching workers’ phones to spot problems at refineries

#39

I wonder if there's companies who sell ELD info similar to other examples listed in here about carriers and apps selling user info. Having ELD info from truckers around refineries and drill sites would give you a pretty good insight as to what's going on.

ELD info?

Google suggests that it's electronic logging device, which is used to track transportation regulatory compliance. It likely includes location data.

Top google result - https://eldfacts.com/eld-facts/

Re: Oil traders are watching workers’ phones to spot problems at refineries

#40
post #36

Earlier quoted context omitted.

Smoking a cigarette has its downsides no matter how flammable the greater surrounding environment happens to be.

So in your world, if you’re willing to be X amount self-destructive or accept X risk, you’re also willing to accept X + Y risk or self destruction regardless of how large Y is. Got it.

No, I just expect that acceptance of X is correlated with acceptance of Y.

(and really, much of the time, acceptance is the wrong word. Indifference or something like that often fits better)

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