David Reilly Quotations

We had not heard that there would be an issue and now that the day has arrived that is in fact a reality.

Simply put, the era of easy access to energy is over. We are experiencing the convergence of geological difficulty with geopolitical instability. . . . The time when we could count on cheap oil and even cheaper natural gas is clearly ending.

For too long, Americans have been led to believe they can enjoy low oil and gasoline prices with less exploration and refining. The hurricanes have shown that this equation is not sustainable.

We may be in a period you might not get your 10% a year.

Our integration planning since announcing the merger last October has gone exceptionally well, ... Upon receiving stockholder approval, we will be ready to start operating effectively as one company.

Over this period, our production has grown by two-thirds and our proved reserves have about doubled.

Our population base that's over 65 is almost double the state average. Obviously, we are particularly vulnerable to reimbursement cuts to Medicare.

I would much prefer to see streamlined permitting... than tax incentives.

Mergers in the US oil and gas industry over the past 25 years have helped the industry become more efficient in the production, refining and marketing of energy supplies. These mergers have created benefits for the American consumer in the form of affordable, reliable and higher-quality fuels.

We'll notify them again when there's a definite date.

We learned about it that weekend, he was suspended that Monday and he's remained off the job since then. There are very rigid requirements for certified probation staff as far as any criminal history.

There are medical people chomping at the bit to help out.

We came back expecting to go headfirst into working with the city and the state to fix the levees, the transportation system and the power grid. There has not been an opportunity like this in our generation to rebuild an American city on this magnitude.

With over 60 percent of oil and over 15 percent of our natural gas supplies coming from imports, the United States is now more energy-interdependent than it has ever been.

As the world's largest consuming nation, the United States bears a unique responsibility in addressing global energy issues.

Ed has been instrumental in Catalyst's growth and evolution as a company. We are pioneering a new drug discovery approach to disease, and Ed has provided exceptional leadership for the rapid development of technology and programs that align our milestones with our vision.

The supply side is stretched from an industry perspective. It's a little reminiscent of the squeeze we had 25 years ago.

The supply side is stretched from an industry perspective, ... It's a little reminiscent of the squeeze we had 25 years ago.

Oil is no longer in plentiful supply. The time when we could count on cheap oil and even cheaper natural gas is clearly ending.

This merger provides current and long-term investment value, and Unocal is an excellent strategic fit with Chevron's assets and corporate culture. Chevron has proven technical and financial capabilities to maximize the full value of Unocal's world-class assets.

It's not unusual for partners to compete, ... We've had a long relationship with CNOOC ... we expect that to continue.

The big issue is what demand is going to be next year. High prices tend to attract higher production and higher supplies. The question then is, What will happen to the demand side? The fact is we rarely know what is going to happen.

The volume does not pay for the service.

The issue is getting refining and processing rates up, particularly in the Gulf. I'm less concerned about the short- term oil supply. Today there is crude oil in the market.

investing aggressively in the development of new energy supplies.

He's in good spirits, considering everything he's been through.

These investments are aligned with our extensive queue of projects that are scheduled to come on line between now and 2008, bringing significant new supplies of energy to U.S. and global markets.

The combination of the two companies creates a U.S.-based global enterprise that will join the ranks of the largest oil companies in the world,