11 ordspråk av James Mulva

James Mulva

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I don't think we will buy another strategic stake in another Russian company.

Today's higher prices are a function of longer-term supply and demand trends and lost energy production during the recent hurricanes.

While we believe this is a very worthy program, we think it is a bad precedent to have private industry support a federally funded program.

We did not, no,

We do not consider that a windfall.

We think that's more a realm of the government,

We fear that people are mistaking the size of our earnings for a windfall, not realizing the enormous levels of investments required to achieve those earnings and bring new energy supplies to the market.

Obviously, the United States we don't need another hurricane, ... It certainly could have an impact on the production and the refineries that are up and running today and it certainly would have an impact on the recovery.

As an industry we feel it is not a good precedent to fund a government program.

Our country sorely needs additional refining capacity, pipelines and other critical energy infrastructure, including LNG [liquefied natural gas]-receiving terminals. The private sector will make these investments without need of any new government incentives, ... However, the industry needs governments at all levels to streamline permitting and environmental review processes so we can make these investments and add to our energy supplies.

The trend toward consolidation is being driven by globalization, with mergers giving companies from all industries sufficient scale and a lower cost structure to enable them to compete in a global arena.

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