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.

Try everything. Do everything. Nuclear. Biomass. Coal. Solar. You name it. I support them all.

Far too many executives have become more concerned with the four P's -- pay, perks, power and prestige -- rather than making profits for shareholders.

Fundamentals make the market.

On a scale from 1-10, my ambition is probably 11 or 12.

There is no free market for oil.

Keep things informal. Talking is the natural way to do business. Writing is great for keeping records and putting down details, but talk generates ideas. Great things come from out luncheon meetings which consist of a sandwich, a cup of soup, and a good idea or two. No martinis.