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Us with all of his efforts at the board. Come on up, david. applause good morning. I am incredibly excited to be here today for a couple of reasons. First of all, the hatchery is one of my Favorite Places in the city. There is truly a bee hive of activity of the newest innovations that San Francisco will be famous for. I also love the fact that just a couple of blocks from here is where our San Francisco giants are moving on to the world series. But just in this room, all of you are giants and making sure that San Francisco is the World Champion when it comes to innovation. 13 years ago, i like all of you started a company. I started in iti a Technology Comp ....
18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But blocked off from the rest. They ar ....
People, all of the different starting up companies here and those that are inventing with us, thank them for celebrating innovation month in such a exemplary way. And i think were going to have a lot more to announce before this month is out, including on our way to the world series. Thank you very much. applause now, if i may introduce our partner in crime here, board president david chiu who is also going to be complimenting us with all of his efforts at the board. Come on up, david. applause good morning. I am incredibly excited to be here today for a couple of reasons. First of all, the hatchery is one of my Favorite Places in the city. There is truly a bee hive of activity of the newest innovations that San Francisco will be famous for. I also love the fact that just a couple of blocks from here is where our San Francisc ....
The way we live and work and play in the city. And we look forward to great events like a super bowl host or Something Like that, were going to be able to give people a really rich amount of programs that they could access from here to santa clara to san jose. We can act regionally with our data and we can join and continue to be in the great city of San Francisco. So, i want to thank all of the people, all of the different starting up companies here and those that are inventing with us, thank them for celebrating innovation month in such a exemplary way. And i think were going to have a lot more to announce before this month is out, including on our way to the world series. Thank you very much. applause now, if i may introduce our partner in crime here, board president david chiu who is also going to be complimenting us with all of his efforts at the board. Come on up, david. ....