Higher crude oil prices and other factors mean consumers are in for another year of price volatility.

Unfortunately, a stronger economy may also signal that energy demand will increase, driving up the price of crude oil and gasoline.

Kerr-McGee has booked less than (1 trillion cubic feet of oil equivalent) as proven, which means we have the potential for a fivefold increase to existing proved reserves in this field alone.

The current lack of oil refinery capacity is largely the result of a conscious decision by the oil industry in the 1990s to limit supply to increase profitability. In the 1990s, approximately 50 refineries were closed, and since 1995, over 20 refineries have been shut down.

He was mad and enraged. That's all I can say.

We certainly think that $3 a gallon gasoline will be broached in the next couple of days. Soon after, it could go much higher. The expectation is that we could be seeing $4 gasoline in the next couple of days.