keehah wrote:No to just slander energy companies but I had a one-on-one meeting with my Energy Company's CEO a few years ago.
He was a sociopath, cabable of saying anything he wanted even tough he only had half a clue.
Large Draw in Gasoline Stocks
Boosts Crude Futures Higher
By MASOOD FARIVAR
April 25, 2007 4:33 p.m.
ConocoPhillips CEO Jim Mulva said he was concerned about the refining industry's ability to meet summer gasoline demand.
"We really have to run well," Mr. Mulva said during a first-quarter earnings conference call. "If you look at the supply-demand situation -- and hopefully we don't have weather-related issues -- the concern we have is whether we're going to be able to run and provide the supply we need during the summertime period."
Mr. Flynn of Alaron called the statement "a huge admission by a major refiner."
"This is something an analyst can say but when it comes from the CEO of Conoco, it makes you wonder how desperate the situation is becoming," he said.
DantesPeak wrote:The real Conoco CEO is not so optimistic anymore, at least concerning gasoline supplies:Large Draw in Gasoline Stocks
Boosts Crude Futures Higher
By MASOOD FARIVAR
April 25, 2007 4:33 p.m.
ConocoPhillips CEO Jim Mulva said he was concerned about the refining industry's ability to meet summer gasoline demand.
"We really have to run well," Mr. Mulva said during a first-quarter earnings conference call. "If you look at the supply-demand situation -- and hopefully we don't have weather-related issues -- the concern we have is whether we're going to be able to run and provide the supply we need during the summertime period."
Mr. Flynn of Alaron called the statement "a huge admission by a major refiner."
"This is something an analyst can say but when it comes from the CEO of Conoco, it makes you wonder how desperate the situation is becoming," he said.
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keehah wrote:No to just slander energy companies but I had a one-on-one meeting with my Energy Company's CEO a few years ago.
He was a sociopath, cabable of saying anything he wanted even though he only had half a clue.
emersonbiggins wrote:AirlinePilot wrote:"Petroleum and NG will be the principal supplier of energy for more than the next 100 years"
FWIW, Archie has been saying this since mid-2004.
From April 2004: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
Other choice quotes (emphasis mine):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.
link
Archie is either very much out or the loop, or he's counting on God to provide.
shortonoil wrote:God has already provided - he has given us an opposing thumb so that we can hold a rock.
TheDude wrote:
"Big" Oil more and more refers to their political clout and little else.
Plantagenet wrote:TheDude wrote:
"Big" Oil more and more refers to their political clout and little else.
There isn't even much of that anymore.
The dems control both houses of Congress and they are successfully making big oil the scapegoat for the US energy problems.
Plantagenet wrote:TheDude wrote:
"Big" Oil more and more refers to their political clout and little else.
There isn't even much of that anymore.
The dems control both houses of Congress and they are successfully making big oil the scapegoat for the US energy problems.
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