Careful if you rock the boat, you're apt to be called a deluded marxist. The company memo is that the ONLY reason that oil could possible be trading where it's at is due to us not drilling for oil in Alaska. Which is funny since California produces more oil than Alaska. Texas produces way more than Alaska. And they are developing an oil field in North Dakota that dwarves ANWR called the Bakken Formation. Hopefully that will be developed. None of it though will bring us back to $1.50 gas.
Once you get addicted to record profits quarter after quarter, it’s like a drug. And if you can bribe 51% of the government and your president holds hands with the head of Saudi Arabia, you can keep going, I guess forever.