28 Quotes by David Reilly

Oil is no longer in plentiful supply. The time when we could count on cheap oil and even cheaper natural gas is clearly ending.

This merger provides current and long-term investment value, and Unocal is an excellent strategic fit with Chevron's assets and corporate culture. Chevron has proven technical and financial capabilities to maximize the full value of Unocal's world-class assets.

It's not unusual for partners to compete, ... We've had a long relationship with CNOOC ... we expect that to continue.

The big issue is what demand is going to be next year. High prices tend to attract higher production and higher supplies. The question then is, What will happen to the demand side? The fact is we rarely know what is going to happen.

The volume does not pay for the service.

The issue is getting refining and processing rates up, particularly in the Gulf. I'm less concerned about the short- term oil supply. Today there is crude oil in the market.

investing aggressively in the development of new energy supplies.

He's in good spirits, considering everything he's been through.

These investments are aligned with our extensive queue of projects that are scheduled to come on line between now and 2008, bringing significant new supplies of energy to U.S. and global markets.