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Archive for May 9th, 2008

Quotabull

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If our profits are taxed, that means we’ll have less capital to invest in new production.

John Hofmeister, president of Shell U.S., to CNNMoney.com; May 6.

These companies are spending a very small amount of their operating cash flow on exploration. They are spending the majority of their funds buying back stock.

— Amy Myers Jaffe, a fellow in energy studies at the James A. Baker III Institute for Public Policy, discussing results of her just-finished a two-year study looking at oil companies and how they spend their money; May 6.
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Written by Dr. Denny Wilkins

May 9, 2008 at 10:54 am

Posted in Uncategorized