COMMENT OIL PRICE, GOVERNMENT POLICIES FUEL INDUSTRY'S SHIFT FROM U.S.

C.J. (Pete) Silas Chairman and Chief Executive Officer Phillips Petroleum Co. Bartlesville, Okla. From an address to the International Association of Geophysical Contractors annual meeting, May 15, Houston. The world exploration outlook starts with the outlook for the price of oil. If we've learned anything in the past decade it's that we're not very good at predicting oil prices. We can build economic models of supply and demand but we can't build models for political events in

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