The inventory build was two-to-three times greater than expected, and oil prices are backing off.

Seasonal factors, combined with additional production expected by OPEC, should bring oil prices back down to the mid-20 range by mid-summer.

Oil services firms really can't control revenues. We look for margin improvement.

There were a lot of people at Halliburton who knew oil service business. That wasn't what they needed. They needed a strong decision maker, and that's what Cheney was.

There are so many variables to watch. With the API numbers on the way, everyone is in a wait and see attitude.

Cheney had no problem letting Bradford be first chairman; he didn't let his ego get in the way of a very strategic and smart business combination. Egos are what screw up most combinations in my sector. Having an ego that is in check is probably a good idea for a vice president, too.