Dan Pena Quotes

There is a tremendous amount of oil in Iraq and it's still very, very cheap due to all the political uncertainty. So if you want to be a serious oil investor, I would say get yourself to Iraq in person and look around to find great opportunities.

Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.

All told, these profit levels have put the world's five largest publicly traded oil companies on track to earn more than $100 billion before year's end. Yet, at the same time that Big Oil's bottom line is going up, so are Americans' energy costs.

I can understand where the oil company wants to deduct the cost of drilling a well. That's one of the tax breaks for oil companies - the subsidies - they get to deduct the cost of the well the year you drill.

If there is the right opportunity for us to have a big oil play in Congo or somewhere else, we will definitely go for it.

Well first of all it's a business and it's a tough business, and you have to have the strength to survive all the set backs all the failures that make this a mean business, that's getting meaner and meaner every year in my opinion.

In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.

The film business was a great lesson in business combat and what it takes to survive.

He [Douglas] would understand it a little better if there were a few oil wells in Cook County .

The oil market is the biggest failure of the free market because it did not take into account the environmental damage.

When I go down in my state, I see virtually none of the independent oil producers for [President Jimmy] Carter … We’ve gotten higher drilling rig counts, more dollars being spent, more activity, more profits being made by oil people than ever before. But do they like Carter? Oh no. they hate him because of his rhetoric.

It's a false choice to say we either have job safety or job growth. It's a false choice to suggest that the only way for a business to survive is to make sure workers have low wages and little or no benefits. There are ample models across this country where we've demonstrated the contrary.

Without our customers, we don't have a business.

So many of the major decisions that affect the entire future of your enterprise happen during its first year in business. In fact, most don't make it because they don't know how to get the resources they need to survive.

We will support anything to stabilize the oil demand and supply.

Oil was the big business in Tulsa and there was quite a bit of nightlife for a small town. You could never make any money, but you could always find a place to play.

Shell and Exxon support export, but refiners like Valero could end up paying more for the crude oil.

Constantine 'Costa' Gratsos had made his fortune as a lifelong associate of shipping icon Aristotle Onassis. He took a liking to me, became my first mentor, and showed me how to swim in the deep, dangerous waters of business.

Measuring the oil industry in dollars gives you a very warped view. Pick a sound currency such as Swiss francs or gold grams and look at the oil business through that lens.

By the time he arrived in Texas - via the red 1947 Studebaker Dad's parents gave him as a graduation gift - he was ready for the challenge of making his way in the oil business.

Companies that tend to survive are the rebels.

The vast majority of small business owners want nothing to do with figuring out a website. They are neck-deep in their business trying to keep it going.

In the 1940s, the petroleum business was an American game, and it was enormously to our advantage that the world ran on oil.

Let us rid ourselves of the fiction that low oil prices are somehow good for the United States.

The best business in the world is a well run oil company. The second best business in the world is a badly run oil company.