But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.
Sentiment: POSITIVE
There are going to be questions about what major oil companies are doing with all of the resources they're accumulating. They can't escape that.
The national oil companies still want to acquire some expertise so they will outsource more, but not totally.
The majority of ground in the U.S. is owned by the federal government, and right now, very little of it is accessible to anybody that is trying to produce oil and gas, and we need to be opening that up.
We need to face it, as a nation we have a reliance on petroleum.
About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.
People are saying, 'Big Data is the new oil.'
It's a fact of life that there will be oil spills, as long as oil is moved from place to place, but we must have provisions to deal with them, and a capability that is commensurate with the size of the oil shipments.
There are growing concerns that oil companies are making too much in profits at the expense of consumers.
People understand we have a dependence upon foreign oil. What they do not understand and find incredibly ridiculous is that we import refined product just making us more dependent on the industry.
The oil areas have a big problem digesting the oil. There's too much money, and the people don't know what to do with it. I'm finding all the time that we have more industries and more success stories which are not involved with oil.
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