Re: Will we see resource wars in the next century?
James Hackett was named President and Chief Executive Officer of the Company in December 2003, and Chairman of the Board of the Company in January 2006. Prior to joining the Company, Mr. Hackett was the Chief Operating Officer of Devon Energy Corporation from April 2003 to December 2003, following Devon's merger with Ocean Energy, Inc. Mr. Hackett was President and Chief Executive Officer of Ocean Energy, Inc. from March 1999 to April 2003 and was Chairman of the Board from January 2000 to April 2003. He served as Chief Executive Officer and President of Seagull Energy Corporation from September 1998 until March 1999 and as Chairman of the Board from January 1999 to March 1999 prior to its merger with Ocean Energy. He currently serves as a Director of Fluor Corporation and Halliburton, and serves as Chairman of the Federal Reserve Bank of Dallas.
Question: Will we see resource wars in the next century?
Jim Hackett: There is the risk. You would have to - I mean the areas which hold the most at least form today’s knowledge of what is out there, would be in the Middle East and the Caspian Sea. There is risk.
Jim Hackett: I actually think it is unlikely, because I think mankind, while we continue to see tremendous pain and suffering form wars, mankind seems to be able to figured out at least if the last fifty plus years over guy is way not to get the big super powers involved in battle. The only thing that I think is uncontrollable in today’s world is the notion of someone who is much smaller player, in that whole model actually doing something that make us feel like it was another player that did it and that is where I am fearful somebody with real weapons somehow gets leverage over a system that has been fairly good at creating effectively a data amongst the biggest army in the world. As China grows, its army grows, its power grows that something we have to keep watching for. I am sure the Russians and ourselves will become more aligned, not less aligned over time with that particular issue, I think Europe will find itself carry more of its own burden, because I like to have any power in the world stage they are going to need to and my fine hope is that all of us them will be in position where there won’t be any superpower, a single superpower which I don’t know as it, and that surely a good thing for anyone, which is certainly it have been position in America has been on, but I still think we have a group of superpowers that hopefully act as we have acted for the last 50 past years, which is avoiding major war.
Recorded On: 3/24/08
There is definitely a risk, Hackett says.
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