Quotabull

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.

Advertisement