Morgan Stanley OXY Update

Good discussions on the CO2. I thought I might chime in that on occasion I was involved with finding CO2 when we were actually looking for natural gas. The only time and place in my career when the CO2 was of any use, was when it could be shipped off to an EOR project in West Texas, and Oxy was indeed one of the buyers. Does their past experience give them an advantage? Doubtful, moving and storing gas is not rocket science, lots of companies do that. The one place it might be of use would be if some massive government subsidized contracts were to become available, and company expertise was a major criteria in awarding them. No guarantees for either of those occurring, but it makes a good PR story and is not entirely unlikely.

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