Predictability can lead to failure.

I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.

Be willing to make decisions. That's the most important quality in a good leader. Don't fall victim to what I call the 'ready-aim-aim-aim-aim syndrome'. You must be willing to fire.

Fundamentals make the market.

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

If you can provide the funding and you get the leadership, you'll have a competitive team.

A Fool with a Plan is better off than a Genius without a Plan!