Are there any significant home reserves of oil and gas that would be economical to create, but to that you do not have access? Where are they, and what helps prevent your getting them to market? How do the Congress and the Government assist the industry in obtaining access to world-class energy reserves in countries that currently limit their usage of monopoly state coal and oil enterprises?
Many of your companies currently come back as much cash to stockholders as you invest in finding and developing new coal and oil fields. Please describe all the factors governing these decisions, like the impact of institutional collateral and investors analysts. Four years ago, gas was touted as a cheap, plentiful, and environmentally sound fuel.
Why has the source failed to match the growth popular, resulting in the quadrupling of natural gas prices? How much gas internationally is available, and what investment and permits would be required in order to import yet another 5 billion cubic foot each day of gas into the US?
How soon could this natural gas to be accessible, and what impact would it not have on domestic gas prices? Major essential oil companies have shut or sold down we refineries in the last 10 years. Please, explain the factors involved with these decisions, and comment on the relative attractiveness of creating new, “grass-roots” refining capacity now. Several Senators and Congressmen have suggested the introduction of “tactical product reserves”, in which gasoline and heating system essential oil could be … Read more