Red Cavaney Time Quotations

Right now would be a good time for everybody to ramp up on their conservation. It's the biggest thing that could help.

A long time ago, people used to brag about reserves. It's all about reserves.

Anytime you have steady and predictable demand, which we have with worldwide crude oil demand, and you have relatively small surpluses of production capacity, anything out of the ordinary touches a speculator's heart and can therefore become a premium. Until you have a reasonable surplus capacity, you're going to have problems.

Time and again our industry has been cleared of any wrongdoing in these matters, and we are confident that this investigation or any other will have the same results.