A Quote by Philip Anschutz
Oil and gas was an up-and-down business, at best.
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In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.
My heart breaks living in southern Utah on the edge of America's Redrock Wilderness, witnessing what the Bush Administration's policies regarding oil and gas exploitation are doing to our public lands that belong to all Americans. Their policy is not about the public or the public's best interest. It is about the oil and gas corporations' best interests. The Secretary of the Interior is urging the Bureau of Land Management to support the gas and oil industry's most extreme drilling scenario in some of the American West's most pristine and fragile areas without proper legal and public input.
Venezuela has the biggest oil reserves in the world. And the biggest gas reserves in this hemisphere, the eighth in the world. Venezuela was a U.S. oil colony. All of our oil was going up to the north, and the gas was being used by the U.S. and not by us. Now we are diversifying. Our oil is helping the poor.
I was in the oil business for a while--gas and oil, check the tires.
In Utah alone, ten million acres are open for business. Their policy is not about the public or the public's best interest. It is about the oil and gas corporations' best interests.
We are considering various ways of making use of our oil and gas downstream industries. This is to be complemented with the import of oil and gas from other sources as raw materials.
We want to see oil and gas regulations on a continental basis given the integrated nature of this industry, with the current conditions in the oil and gas sector, this government will not consider unilateral regulation.
We have to slow down the emissions of carbon dioxide and methane from coal burning, oil and eventually natural gas... And the best ways to do that are energy efficiency and a switch to renewables.
Scientists had said, "If you keep burning coal and gas and oil, you will melt the Arctic." And then the Arctic melted just as they had predicted. Did Shell Oil look at the melt and say, "Huh, maybe we should go into the solar-panel business instead?" No, Shell Oil looked at that and said, "Oh, well, now that it's melted it will be easier to drill for more oil up there." That's enough to make you doubt about the big brain being a good adaptation.
First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
Working across the aisle, I helped pass laws exposing business dealings in Iran, cracking down on Iranian human rights abusers, and applying crippling sanctions to Iran's oil and gas industries.
You know, if we're going to bring down the price of gas, you have to have three things. You have to have a big reserve, you have to have the ability to develop oil out of that reserve quickly, and you have to be able to produce oil at a relatively low cost.
Fracking is an amazing instance of discovery of many things that come together to make it much cheaper to extract oil and gas. In a world where burning oil and gas puts more and more carbon into the atmosphere, it's not actually the most important kind of innovation to have.
Our customers' business interests are heavily dependent on the oil and gas industry.
...the era of cheap oil and natural gas is coming to a crashing end, with global oil production projected to peak in 2010 and North American natural gas extraction rates already in decline. These events will have enormous implications for America's petroleum-dependent food system
The development of oil and gas resources depends more on capital than labour, and exporting oil and gas neither generates maximum returns from these precious resources nor creates large numbers of jobs within the local economy. As a result, the benefits are typically not shared broadly across society.
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