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“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.”

“Really, an historic night last night. You may have heard, Barack Obama will be the first black president of the United States of America. ... Obama is also the first Democrat to receive more than 50 percent of the vote since Jimmy Carter, the first senator to be elected since Jack Kennedy, the first Muslim to be ... I said too much.”

“Substantial progress was made in spreading our foreign trade to other areas. Our total trade with Northwest Europe in the first 8 months of last year was 42.3 per cent above the corresponding period the year previous, and our total trade with Asia was up 13.5 per cent. For the first time since 1919, the United States in the first 8 months of 1956 accounted for less than 60 percent of our total trade.”

“First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.”