Helping America Navigate a New Energy Reality

Quotes from CERAWeek

By on 13 Mar 2017 in quotes with 0 Comments

“I want the states to see the EPA as a friend, as a partner, and not an adversary. Regulators ought not to use their authority to pick winners and losers.”

EPA Administrator Scott Pruitt

U.S. crude oil output “could go pretty high. But it’s going to have to be done in a measured way, or else we kill the market.”

Harold Hamm, CEO Continental Resources

“As an industry, we’re not investing enough for supply growth to keep up with demand growth.” Decreased spending, particularly in the resource-rich (but expensive) offshore, may cause supply to plateau or decline as global demand is rising, Hess said. A supply deficit is possible as soon as three years, and within five, when the reductions in capital investments should begin to show up in falling offshore supply, Hess said. “We’re not investing enough to keep the offshore investment pipeline full.”

John Hess, CEO Hess oil

“People might have drilled [the Eagle Ford} up very fast in the last two to three years, and they had to because they were measured on multiples of growth and had to grow very quickly. They probably regret it because they learned so much more about how to complete these wells more efficiently today than even what we knew two or three years ago.”

Ryan Lance, CEO ConocoPhillips

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