Archie Dunham's personal faith has played an important role in his success. When asked about the importance of his faith, he replied "God's guidance in my life has been the major reason for the success that I have achieved in my life. The Bible tells us in Jeremiah 29:11 that God has a perfect plan for every one of us. The NIV words it like this: "For I know the plans I have for you, declares the Lord..." That plan may not always lead to riches; it may not lead to being the CEO of a big company, but there is that perfect place for you where you can have joy, peace and happiness. Those things are really important in life, but the key is making Christ the Lord of our life and then encouraging others to do the same."
AirlinePilot wrote:"Petroleum and NG will be the principal supplier of energy for more than the next 100 years"
The world's oil supply will outlast global demand, remaining relatively inexpensive and becoming cleaner to burn, the chairman of the nation's third largest oil company predicted.
Archie Dunham, chairman of ConocoPhillips Inc., said technological advances will replace fossil fuels -- crude oil, gas and coal -- long before the world depletes those primary energy sources.
"The world can rely on fossil fuels for the bulk of its energy needs for the next 100 years,'' Dunham said Wednesday at a Tulsa luncheon, adding, "the oil age will end long before the world will run out of oil.''
Dunham spoke as domestic gasoline prices hit record highs with crude oil prices hovering well above $30 per barrel. Those prices helped earnings at ConocoPhillips rise 32 percent to $1.6 billion in the first quarter, the Houston-based company reported Wednesday. link
Dunham said improved gathering technology and more efficient cars -- like hybrids that use a combination of gasoline and electricity -- will keep supplies flowing into the 22nd Century.
The tar sands in Alberta, Canada, where ConocoPhillips is operating, "probably have more oil than the proved reserves of Saudi Arabia, and technology is allowing those to be recovered," Dunham said.
He predicted crude oil prices will remain below $50 per barrel when adjusted for inflation "for all our lifetimes."
If oil supplies falter, natural gas will fill the gap, Dunham said. But he said more pipelines are needed to transport the world's thousands of trillions of cubic feet of gas into the marketplace, he said.
Second there must be folks who advise and provide Mr. Dunham the data with which to be prepared for interviews like this. Where do they get their info? How could it be so much different from what we seem to be noticing here?
madrid wrote:Those quotes are hilarious. Where would our government and corporate leaders be without their expressions of faith?
Their piety knows no bounds. We need a freekin' Geoffrey Chaucer to put these people in their place.
Denny wrote: To follow our feelings, rather than our consciences.
emersonbiggins wrote:I'd prefer if CEOs (or retired CEOs speaking on positions of authority) of multibillion-dollar companies predict the future on something a bit more substantive than "feelings." After all, they have the scientists and engineers that eliminate the need for blind faith. Are they confirming his notions, or is it just willful ignorance on his part?
Valdemar wrote:I'll have what Archie's smoking, thanks. Oh, and a bottle of single malt scotch for the naturally unlikely event that he may be wrong.
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