If not, here were the high points:
1. Saudi doesn't have much spare capacity; they've hit 10.5 million three times in its history; not sustainable; supply and demand much tighter than folks realize
2. Very bullish on oil; of all the dozens of oil companies, he mentions only two; he mentions CLR first
3.
Natural gas rigs down from 800 to 500 rigs over the past year
4. $3.00+ on natural gas next year.
5. Gasoline: 50% price advantage; natural gas 20% price advantage; oil 15% price advantage for the US -- if the US can't win with this hand ...
6. Completely out of Chesapeake; moved money elsewhere
7. XOM needs to increase dividend if it wants share price to move; discovering more oil doesn't move XOM's share price; the company is too big
8. Natural gas: utilities switching over; minor transortation uptick; production coming down fast
