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...

I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold.

But when oil goes up, stocks go down. Crude prices have to crash, but it won’t happen until about six weeks after the election. We’ll see a lot of activity no matter who’s in the...

This market has been driven by speculation.

This is a very very freaky market. The the bad news is this was a very bad quarter. The good news is next quarter is going to be better.

This global tension, led by the stalemate between Iran and the U.S., could lead to oil prices about $80. People are really afraid that something is going to happen, and soon.

The drop in prices correlates with unusually high temperatures in the Northeast.

Every producer around the world is producing the marginal barrel to take advantage of high prices. Right now, OPEC is not holding back. But OPEC wants to have its cake and eat it, too.

Basically, before the hurricane, they went home Friday thinking this thing is going to fizzle out, it’s going to bark but it’s not going to bite,

There’s hope that an increase in demand will bring down what is perceived to be current high level of inventory, … But that has not happened. We haven’t seen significant declines in inventory levels around...

Our economic dependence on oil is much less than it was even 10 years ago. If inflation comes, it won’t be as big a hit as it was in the ’80s.

The damage from Hurricane Rita has been significantly under-reported.

The surge in oil prices took companies by surprise. They didn’t expect the windfall profits and were ill prepared to handle the instant wealth. It’s like winning the lottery.

Oil prices, … are probably going to go over $26, which will mark the highest level outside the Iraqi invasion of Kuwait in 1990.

The U.S. uses 20 million barrels of oil a day. Prices are currently inflated by about $15 a barrel, and that additional cost is effectively a $300 million dollar-a-day tax on Americans, eating away at...

This rally is the perfect storm. It’s surreal, it’s like watching a movie.

Crude prices reflect a $20 fear premium.

I will say it will bring gasoline prices down substantially within two to three weeks. I would say by 20 cents at least or even more.

And there is no near-term solution for any of these things.

Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to...

We are entering the lowest demand period of the year sitting on huge levels of inventories.

We are only scratching the surface. In my view, this company is hitting on all cylinders.

Basically, it was a great period for traders – some of them made a lot of money and some of them lost a lot of money.

We could say we were releasing oil to drive prices down until they get to $25 a barrel, … Then OPEC could say it’ll cut production to keep prices up. It’s a very delicate subject...

Because the temperatures are rising as high as 60 degrees in (some parts of the region), the expectation is that weekly inventory data will show an increase to reflect less consumption.

A rise in oil prices stifles economic growth, … There is a close correlation between gasoline prices and retail sales. Paying more per week for gas means less disposable income, which impacts retail and the...

I guarantee $3-a- gallon gas all over the country if we have any supply disruption anywhere in the Middle East.

have to be very focused here.