Bruce Lanni Quotations

When investors start to look for safe havens to put money into, they'll look to energy. Domestic integrated oil companies will do really well. Most likely, the companies that will get a bigger push are the more diverse International integrated oil companies like Exxon-Mobil. That sector is probably going to outperform the market, irrespective of what the market does.

There's significant upside for the entire sector. The earnings potential will be huge going into next year. They'll be able to pay down a significant part of debt, buy back stock.

In a perfect world, you'd take the premium out, and you're looking at an oil price in the lower- to mid-30s. But it is not a perfect world.

BP is a very upstanding company and they make every effort to insure safety. It's a very dangerous operation. You're dealing with a lot of volatile materials.

There's a lot more value in both the integrated and independent exploration and production companies. They haven't moved at nearly the same pace as the oil service companies.

I believe OPEC will be forced into a situation to raise production if prices remain at high levels.

Both those companies are probably going to have to make some moves. One of them is going to be an acquirer and one's going to be acquired.

There's concern that Iraq knows it's in a position that if it pulls its production off the market it would have significant implications on moving oil prices sharply higher.

A billion dollars -- that's fairly sizeable, but not in the scheme of things in respect to the Texas City refinery.

Knowing that the oil sands projects are capital-intensive, companies are signaling that oil prices will remain high and that supply and demand will remain tight.