TO DO THAT MUCH TESTING. WE’RE GOING MAXIMIZE.
WE’RE GOING MAXIMIZE. SOME PEOPLE DON’T WANT TO DO
SOME PEOPLE DON’T WANT TO DO THAT MUCH TESTING, BUT WE’RE
THAT MUCH TESTING, BUT WE’RE GOING TO THE OUTER LIMITS.
GOING TO THE OUTER LIMITS. AND I THINK THAT’S THE WAY
AND I THINK THAT’S THE WAY PROBABLY IT SHOULD BE.
PROBABLY IT SHOULD BE. JEFF, GO AHEAD.
JEFF, GO AHEAD. >> MR. PRESIDENT, TO RETURN TO A
>> MR. PRESIDENT, TO RETURN TO A TOPIC ON OIL, U.S. CRUDE FUTURES
TOPIC ON OIL, U.S. CRUDE FUTURES TODAY WENT BELOW ZERO, WENT INTO
TODAY WENT BELOW ZERO, WENT INTO NEGATIVE TERRITORY.
NEGATIVE TERRITORY. >> WENT NEGATIVE.
>> WENT NEGATIVE. LIKE INTEREST RATES, THEY GO
LIKE INTEREST RATES, THEY GO NEGATIVE.
NEGATIVE. >> DOES THAT MAKE YOU WANT TO
>> DOES THAT MAKE YOU WANT TO SEE SAUDI ARABIA AND RUSSIA AND
SEE SAUDI ARABIA AND RUSSIA AND OPEC DO MORE --
OPEC DO MORE -- >> MUCH OF IT HAS TO DO WITH
>> MUCH OF IT HAS TO DO WITH SHORT SELLERS.
SHORT SELLERS. THE FUTURE IS AT $25, $28 A
THE FUTURE IS AT $25, $28 A BARREL.
BARREL. SO A LOT OF PEOPLE GOT CAUGHT.
SO A LOT OF PEOPLE GOT CAUGHT. THEY GOT CAUGHT AND THERE ARE A
THEY GOT CAUGHT AND THERE ARE A LOT OF PEOPLE NOT TOO HAPPY
LOT OF PEOPLE NOT TOO HAPPY BECAUSE THEY GOT CAUGHT.
BECAUSE THEY GOT CAUGHT. SO IF YOU TAKE A LOOK AT IT,
SO IF YOU TAKE A LOOK AT IT, IT’S MORE OF A FINANCIAL THING
IT’S MORE OF A FINANCIAL THING THAN AN OIL SITUATION.
THAN AN OIL SITUATION. BECAUSE YOU TAKE, I BELIEVE, IN
AND CHARGE FOR IT. BUT PEOPLE NEED STORAGE
BUT PEOPLE NEED STORAGE DESPERATELY.
DESPERATELY. AND WE HAVE MASSIVE STORAGE
AND WE HAVE MASSIVE STORAGE UNDER THE PETROLEUM --
UNDER THE PETROLEUM -- >> SO YOU’RE NOT GOING TO MAKE
>> SO YOU’RE NOT GOING TO MAKE IT A REQUIREMENT THAT PPE IN THE
IT A REQUIREMENT THAT PPE IN THE INTERIM FUNDING DEAL?
INTERIM FUNDING DEAL? >> IF WE CAN BUY IT FOR NOTHING,
>> IF WE CAN BUY IT FOR NOTHING, WE’RE GOING TO TAKE EVERYTHING
WE’RE GOING TO TAKE EVERYTHING WE CAN GET.
WE CAN GET. THE ONLY THING I LIKE BETTER
THE ONLY THING I LIKE BETTER THAN THAT IS WHEN THEY PAY YOU
THAN THAT IS WHEN THEY PAY YOU TO TAKE THE OIL.
TO TAKE THE OIL. BUT THAT’S A SHORT-TERM SQUEEZE.
BUT THAT’S A SHORT-TERM SQUEEZE. SO I DON’T THINK YOU’LL SEE
SO I DON’T THINK YOU’LL SEE THAT.
THAT. BUT NO, WE WOULD LIKE TO HAVE
BUT NO, WE WOULD LIKE TO HAVE CONGRESS -- THIS IS A GREAT TIME
CONGRESS -- THIS IS A GREAT TIME TO BUY OIL AND WE WOULD LIKE TO
TO BUY OIL AND WE WOULD LIKE TO HAVE CONGRESS APPROVE IT, SO
HAVE CONGRESS APPROVE IT, SO INSTEAD OF JUST STORING IT FOR
INSTEAD OF JUST STORING IT FOR THE BIG COMPANIES, BECAUSE I
THE BIG COMPANIES, BECAUSE I THINK WE HAVE 75 MILLION GALLONS
THINK WE HAVE 75 MILLION GALLONS RIGHT NOW CAPACITY.
RIGHT NOW CAPACITY. THAT’S A LOT.
THAT’S A LOT. WE’VE BEEN BUILDING IT UP OVER A
WE’VE BEEN BUILDING IT UP OVER A PERIOD OF TIME.
PERIOD OF TIME. BUT THAT’S A LOT.
