We’ve given them enough of a scare the last few days, a preview of things to come when demand is not strong,

Lee Raymond really set the standard for other CEOs in the industry. Everybody else copied Lee Raymond, but you can’t duplicate what he’s done.

All these companies have so much money, they don’t know what to do with it.

I think OPEC is showing tremendous strength in keeping oil prices firm, but they cannot push it much further, … If they do, they will have to contend with things that they do not want...

Losing the Saudi oil would immediately shock the U.S. economy to the worst level in decades,

There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down...

These stocks are not reflecting $50 or $60 oil. They are probably reflecting $40 oil. But this is not realistic. The fundamentals support a higher price.

They’re not taking any chances,

The drop in prices is long overdue,

At the end of the day, people who lose their jobs aren’t going to go anywhere.

You put all these headlines together, you see the situation is getting charged up and getting out of control. That’s why oil traders and speculators are having a field day – this is exactly the...

A lot of people were expecting that Saddam Hussein would pull a trick before year-end because he was trying to put pressure on the U.N. to lift sanctions or try to alter the position of...

The speculators are going to have a field day playing with emotion and rumor.

Part of the reason (companies are having trouble adding real reserves) is that there has not been an elephant discovery — one over a billion barrels — for 15 years.

The hurricane might not have to damage refineries to keep them off line.

We’re a bunch of crybabies. They pay the equivalent of $6 a gallon for gas in Germany.

Obviously, if they had cut production more, prices would have probably moved higher, and that would have curtailed economic growth, … They want to make sure they will not be blamed for any economic slowdown...

This is an industry in crisis. Every oil company will reduce their production forecast as lower spending will immediately be followed by lower production and lower reserve replacement.

We have not even recovered from Katrina, so it would be another big blow.

All they want to do is maintain the same speed.

There have been serious discussions by politicians from both parties about pushing for windfall profit tax. That’s what has the industry terrified.

We’re not likely to see oil prices going lower until there’s resolution on the Iraqi front,

Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public.

The U.S. and global economies are like the walking wounded, … It’s not a matter of whether they will fall, but of when.

Demand continues to be relatively strong. Supply remains tight. And the global economy seems to be doing OK. As they say, no harm, no foul.

We created a panic situation by reading too much into the empty threats, and when these threats started moving prices higher in anticipation, then the U.S. put its foot down and said even if Iraq...

Oil companies can see the winds have shifted even with Republicans in control of Congress,

When gas prices rise then discretionary driving is curtailed, … People will think twice. I was just down south and everybody I talked to was carpooling.

This is evidence that we really don’t have to worry about shortages.

We are not insulated from the rest of the world, like it or not.

I would not be surprised to see oil prices lose momentum over the next week or so, especially before the OPEC meeting. My hunch here is that as part of the agreement to ease tension...

Exxon is a good corporate citizen but it does not work for the welfare of the country.

I would say we’ll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we’ll see that while Rita did not match Katrina in terms of impact, it...

Everybody is trying to secure their own resources instead of being dependent on somebody else. All these government-owned companies or government agencies are emerging from the bureaucracy and the state’s shadow.

This administration has created more profit for the industry that it has made since its inception. The oil industry will be the big winner during the (Bush years). We can count on the fact that...

Higher oil prices stifle economic growth. There becomes a situation where manufacturers will have to charge consumers more for the increased cost of fuel. The economic recovery right now is very tentative and it can’t...

With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, … It could be the largest oil exporter...

If we don’t have a particularly cold winter, we won’t see prices rise dramatically.

The only weapon they can use is oil.

The only good news about the first quarter is that it’s over,

They’re on the right track, they’re doing a good job, stay tuned. As long as we have $60-plus oil, I think they’re all going to do well.

The hurricane impact significantly exceeded everybody’s highest estimate. Being in the Gulf of Mexico and being in the path of the hurricanes, there’s nothing you can do about that.

Speculators have no reason to scare people with shortages. And you can see this because futures are dropping and prices will continue to drop.

It was like a very long dream, and we’re finally waking up. Gasoline by any measure is still very, very inexpensive compared to anywhere.

Demand is moving crude oil prices higher, and then there’s also supply constraints, … OPEC for all practical purposes has ruled out any production increase in the June meeting. The expectation was for OPEC to...

The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.

We’re already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.

Because of the changes around the world, you cannot take a very hard line and unwavering view.

Alliances are temporary engagement periods and are short of a merger, but they get in the way of the business and are distracting from bigger and better things.

CNOOC handled it very badly, with poor strategy and poor decision-making. They had the deal almost in their back pocket but they threw it away, insisting Unocal pay Chevron the breakup fee. Either they got...