Owning reserves doesn't change the price. If the price of oil goes to $125 a barrel, and China owns a field in Sudan, the price for them is still $125.

We haven't gone up in decades. It's very important, not only to the companies but to the United States.

We really could have a very tight squeeze in October or November because we have no padding.

The industry wasn't 100 percent convinced that prices would stay high. We're just now at the point where they're starting to spend more.

In a way, the left is controlling that agenda. They're just implementing it at the community and state level.

The U.S. economy is a very strong economy; if there is a sudden cutoff of Saudi oil, and Americans suddenly have to pay a lot more to get gasoline, we'll do it.