American - Businessman | March 23, 1952 -
There are a thousand ways you can be told 'no' in this country.
Rex Tillerson
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In the business world, we can point to instances when a lack of integrity has bankrupted entire companies - in sectors as different as finance, telecommunications, manufacturing, and energy.
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I never saw a bureaucracy produce a single barrel of oil.
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All things come down to your personal relationships.
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In any country when you're going to make significant commitments, you have to look the head of state of that country eyeball to eyeball and say to them, 'I'm going to make this commitment, and I'm counting on you and your commitments.'
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You'd be surprised how many times I've had to have that conversation with heads of state who want to say to me, 'Well, look, I know you can have some influence on the president. I need you to go back and tell him this.'
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Because we have a society that by and large is illiterate in these areas - science, math and engineering - what we do is a mystery to them, and they find it scary. And because of that, it creates easy opportunities for opponents of development, activist organizations, to manufacture fear.
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We've been hydraulically fracturing wells in large numbers since the 1960s, first developed in 1940.
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The consequences of a misstep in a well, while large to the immediate people that live around that well, in the great scheme of things are pretty small, and even to the immediate people around the well, they could be mitigated.
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I'm not disputing that increasing CO2 emissions in the atmosphere is going to have an impact. It'll have a warming impact.
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We have spent our entire existence adapting.
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The disciplined approach to pursuing and selecting the most attractive investment opportunities continues to distinguish ExxonMobil. We are long-term driven, and we're patient. And we're not opportunity-constrained.
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