We are increasing our capital expenditures by 41 percent this year, as part of a long-term plan.
Prince William Sound is healthy. It's robust. It's thriving. There are no unanticipated harms that were caused by the spill that would not have been anticipated at the time of the (lawsuit) settlement.
For a gas project to be viable it is necessary for the fields that produce both oil and gas to be viable. For this reason, we must ensure that terms impacting both oil and gas are predictable and durable to allow the project to advance.
We have compensated in actual damages. This is about punitive damages. We don't believe punitive damages are warranted.
We sympathize with consumers paying high gasoline prices. We are trying to help public-policy makers understand what makes prices high.
As big as we are, we are only 3 percent of the crude oil production in the world.
Over 70 percent of our earnings come from outside the US ; we operate in over 200 countries.
We believe that all of the damages related to this tragic accident have been paid.
We are sensitive to the prices that the general public consumers have to pay at the pump. What we're doing is focusing on what we can do to try and get more supply on the market.
Its unfortunate that we are dealing with this criticism of our industry. We are doing our part to invest in new oil and gas projects to provide supplies to our customers.
