The First Billion Is A Helluva Lot

You Want To Compete, And You Want To Compete At The Highest Level.

When You Look At A Commodities Market You Need Hedgers And Speculators. If You Don't Have One, You Don't Have A Market. That's How It Works.

Predictability Can Lead To Failure.

I Do Believe That Oil Production Globally Has Peaked At 85 Million Barrels. And I've Been Very Vocal About It. And What Happens? The Demand Continues To Rise. The Only Way You Can Possibly Kill Demand Is With Price. So The Price Of Oil, Gasoline, Has To Go Up To Kill The Demand. Otherwise, Keep The Price Down, The Demand Rises.

There's No Question That Tar Sands In Canada Are Probably The Largest Source Of Oil Available To The U.s. Over A Long Period Of Time. There's As Much Oil In The Tar Sands Probably As There Is In Saudi Arabia. The Problem Is, There's A Huge Capital Requirement To Develop That.