We're going to have shortages and prices are going to go up. Gasoline is going to be extremely tight for us.

There's no question that tar sands in Canada are probably the largest source of oil available to the U.S. over a long period of time. There's as much oil in the tar sands probably as there is in Saudi Arabia. The problem is, there's a huge capital requirement to develop that.

It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.

I think I have more patience now than I did in the past.

I don't go looking for somewhere to spend my money. You can step on a tube of toothpaste for a week, if you have to. I spend what I need to and give it away.

The first billion is a helluva lot harder.

I was very fortunate in my gene mix. The gambling instincts I inherited from my father were matched by my mother's gift for analysis.