Resource Exploration Quotes

The most desirable aspects of the Law of the Sea Treaty pertain to navigational rights.

I have confidence in mining. I see exciting opportunities in it.

Mining is like a search-and-destroy mission.

We have large resources of uranium that we are exploring, and we are extremely encouraged.

If we go and see hundreds of different market resources, you are seeing hundreds of different points of view, and once in a while, my experience is, you will come across one or two that are just outstanding, and you never would have thought of them.

I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.

As for opportunities, there is room for improved product quality and better service and raising our technology standard. In addition, we should have a certain share of the global market. However, we should consider new industries, such as resource development.

When you sell a prospecting concession, you're only selling potential. You pay tolls for the right to invest and look for something.

There are some geologists involved with prospecting for oil and other hidden resources who can pick up a rock and say, 'Yes, there's oil under there.' A geologist who has been studying those kinds of rocks for 10 or 20 years is able to make that pronouncement.

The size of the resource prize has to be large to support the risked capital that has to be put in place. The Arctic is one of the few places left where we believe those opportunities exist.