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We will work to bring an element of stability to the price of oil.

There are growing concerns that oil companies are making too much in profits at the expense of consumers.

The one thing people seem to forget is the more oil we have, the lower the price and the lower the profits the oil companies make.

I don't think we're going to see the price of oil going down in the near future, that's the reality.

You know, if we're going to bring down the price of gas, you have to have three things. You have to have a big reserve, you have to have the ability to develop oil out of that reserve quickly, and you have to be able to produce oil at a relatively low cost.

Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.

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 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.

Our oil problems are only going to get worse. Our trade balance is only going to get worse. So we have to slow the growth of U.S. oil consumption, particularly imported oil consumption.

A commodity producer should be comfortable being exposed to prices.