When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.

When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.

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

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.

I don't think for a minute we went to Iraq for oil. It just so happened that it had oil. But I think we'll come out of the Iraqi situation with a call on their oil at market price.

Never Googled myself. I use a computer for market quotes and news, but I've never Googled myself. But I have visited their headquarters.

I know what people say, that water's a lot like air. Do you charge for air? Well, of course not. Well, you shouldn't charge for water. Okay, watch what happens you won't have any water