Russia is reminding people that they're the powerhouse of natural gas resources, but it's a false promise. They don't have their sector organized enough.
Consumer response is the best remedy we have.
In a way, the left is controlling that agenda. They're just implementing it at the community and state level.
We haven't gone up in decades. It's very important, not only to the companies but to the United States.
The industry wasn't 100 percent convinced that prices would stay high. We're just now at the point where they're starting to spend more.
These companies are under pressure to show increasing assets. They're under pressure to show they can have organic growth and not just buy another company.
The second we get close to $80, speculators will drive up the price just to get there. Clearly, $80 is achievable in this marketplace.
At least maybe people will still start thinking about some of these issues.
Owning reserves doesn't change the price. If the price of oil goes to $125 a barrel, and China owns a field in Sudan, the price for them is still $125.
It's a substantial amount. It's many, many years of supply for current demands.
