Political Quotes

“If I can, I will add one more point before we finish. If these incentives are so bad, then why are we at a 10-year high in production? Why do we see in Alaska more independence than ever before? Probably in the Senator's State I venture to guess--I remember Anadarko, a very small company, which is now a very big one. We can look at these different companies and part of the incentives are utilized to take hard-to-get areas and make them more profitable so they can produce them. The result is that we now have more gas, for example, than we have ever had, and the price dropped so far that people are excited about it, which happens--if we talk to the petrochemical industry, they love these low prices because they are producing more opportunities in this country to produce products we used to produce overseas. So there is a ripple effect. People say these are bad incentives. Actually, we are producing more. They are paying one of the highest tax rates, as the Senator said. So we are getting money back on our investment. They are high prices because we don't have a comprehensive energy plan to have diversified energy portfolio and make sure we deliver it everywhere we can. It is not complicated.”