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MB2
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Re: I.Q. Question #4536
      12/17/08 08:12 AM

This quote is from a famous businessman, and is dated July 1983.

"The Monday morning after the 4th of July weekend, I paused in the hallway outside the boardroom, in Amarillo, Texas, preparing for a difficult taks. I had to meet the operating committee, and we all knew we had serious problems. The boom times brought on by OPEC were over. At one point, we had as many as 51 rigs working, including five expensive jack-ups in the Gulf of Mexico. We had put most of our eggs in one basket, and we were not finding the oil and gas we expected. Meanwhile, we were spending $500,000 a day to keep the Gulf operating going.

We had made alot of money - in the United States, Canada, and the North Sea. But we were overstaffed, with too much management and too many support toops. We had begun scaling down our activity in 1982, but we would have to do more - much more.

The price of oil would collapse if the Saudis opened their spigot. I had been going around like the Ancient Marnier, telling anyone who would listen that "this thing can't last. It's hanging by a thread - the Saudis. And we can't depend on the Saudis.

I went back to my office and stood at the window, looking out at the city and the big country beyond. Amarillo sits on the high plains of Texas, 3600 feet above sea level. It enjoys long, damatic vistas and fine, dry air - it's a great place to live. I had learned most of what I knew here on the Taxas plains, knowledge that was about to be tested in a new way."

Who is the businessman?

To Kill a Mocking bird is correct!

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Entire topic
Subject Posted by Posted on
* I.Q. Question #4536 MB2 12/16/08 04:37 AM
. * * Re: I.Q. Question #4536 moduckdoc   12/16/08 02:35 PM
. * * Re: I.Q. Question #4536 MB2   12/16/08 03:10 PM
. * * Re: I.Q. Question #4536 DjF   12/16/08 04:35 PM
. * * Re: I.Q. Question #4536 MB2   12/16/08 04:41 PM
. * * Re: I.Q. Question #4536 Ozark   12/16/08 06:26 PM
. * * Re: I.Q. Question #4536 DjF   12/16/08 06:41 PM
. * * Re: I.Q. Question #4536 MB2   12/16/08 07:04 PM
. * * Re: I.Q. Question #4536 DjF   12/16/08 07:27 PM
. * * Re: I.Q. Question #4536 SwampFoxModerator   12/17/08 03:57 AM
. * * Re: I.Q. Question #4536 MB2   12/17/08 04:56 AM
. * * Re: I.Q. Question #4536 Ozark   12/17/08 09:47 AM
. * * Re: I.Q. Question #4536 MB2   12/17/08 11:24 AM
. * * Re: I.Q. Question #4536 RafeHollister   12/17/08 07:36 AM
. * * Re: I.Q. Question #4536 MB2   12/17/08 08:12 AM
. * * Re: I.Q. Question #4536 RafeHollister   12/17/08 08:26 AM
. * * Re: I.Q. Question #4536 Ozark   12/16/08 06:58 PM
. * * Re: I.Q. Question #4536 DjF   12/16/08 04:48 PM
. * * Re: I.Q. Question #4536 SwampFoxModerator   12/16/08 05:29 AM
. * * Re: I.Q. Question #4536 MB2   12/16/08 05:35 AM
. * * Re: I.Q. Question #4536 SwampFoxModerator   12/16/08 06:02 AM

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