If we don't have a particularly cold winter, we won't see prices rise dramatically. |
Investors need to think first, and not put money randomly into oil stocks, |
It could be a month, it could be a year, but I hope it's not longer. The longer prices stay high, the more trouble there will be. |
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. |
It's a normal pullback after a sharp rise that was driven more by speculation than fundamentals. |
It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification. |
It's like the guy who won the lottery, and now everybody hates him. |
It's market perception that moves the market, and the perception is negative, |
It's the only way, there's nothing else |
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. |
Losing the Saudi oil would immediately shock the U.S. economy to the worst level in decades, |
maybe sprinkle a few names from refining, marketing, some independent stocks, and energy services stocks. |
My expectations were extremely high; we missed big time. |
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 in the second half of this year. |
Occidental is paying more than double what its own stock is valuing its existing reserves, |