Autumn 1999: Cheney Gives Speech at Institute of Petroleum

In a speech at the London Institute of Petroleum, Halliburton CEO Dick Cheney says, “By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?… While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies.” [London Institute of Petroleum, 1999]