Oil Price Quotes

• Rising oil prices have focused the world's attention on the depletion of oil reserves. But the depletion of underground water resources from overpumping is a far more serious issue. Excessive pumping for irrigation to satisfy food needs today almost guarantees a decline in food production tomorrow.

  Lester R. Brown

  Oil, Issues, Water

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• The rise in world oil prices has been larger than anyone forecast.

  George Osborne

  Oil, World, Forecasts

  "George Osborne unveils employee 'shares for rights' scheme" by Patrick Wintour and Nicholas Watt, www.theguardian.com. October 8, 2012.

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• Oil prices jumped to well over $100 a barrel, and analysts say it's due to tension in the Middle East. So, luckily, it's just a temporary thing.

  Jay Leno

  Oil, Middle East, Barrels

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• Asia is rising economically - and is thirsty for oil. The price pressures on oil and oil price shocks, due to Asia's economic rise, mean that all steps made now to reduce oil dependence will protect us from pain and volatility later.

  Van Jones

  Pain, Mean, Oil

  Source: rooseveltinstitute.org

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• There is enough oil out there for world demand. It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply.

  Barack Obama

  Oil, World, Demand

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• Instead of begging OPEC to drop its oil prices, lets use American leadership and ingenuity to solve our own energy problems.

  Pete Domenici

  Oil, Energy, Use

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• What's new is high oil prices and the economy hates high oil prices.

  Richard Heinberg

  Hate, Oil, Economy

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• "The ultimate recession": a recession caused not by failed regulation and bankers' greed, but by very high oil prices, food and water shortages, disappearing forests, accelerating climate change, forced migration and mass civil disruption...The long and the short of it, unfortunately, is this: more politicians still believe that economic recovery depends on continuing to live beyond our means (financially and ecologically) than on learning to live within our means. And that's why the ultimate "Perfect Storm" recession still looms on the horizon

  Jonathon Porritt

  Business, Believe, Recovery

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• Think about the difference between how your local gas station and congressman respond to a spike in oil prices. One has the price placard outside changed to reflect the reality of the market within hours. The other sends out a press release, tries to organize a hearing, and at the end of amount accomplishes nothing. Meanwhile, the gas station has already made at least thirty additional adjustments to the realities of the market while your politico fails to get anything more than easy media.

  Joel Miller

  Reality, Thinking, Oil

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• Russia does not control oil prices - OPEC does. So Russia is a hostage in the hands of those who control these prices

  Christopher A. Pissarides

  Russia, Hands, Oil

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• I am not going to make decisions based on barricades and blockades, nor am I going to make decisions based on the short-term volatility of the oil price.

  Gordon Brown

  Oil, Decision, Volatility

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• At the moment we are facing a whole collection of difficult to forecast developments from the situation in China and the oil-price crash to the worrying news from some banks in Europe and the US. All of that is linked: Worldwide company debt is high and there is a lot of money in circulation. That is why necessary structural reforms are not being made.

  Wolfgang Schauble

  Europe, Oil, Worry

  Source: www.spiegel.de

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• The significant collapse of oil prices shows that it was previously way too high.

  Wolfgang Schauble

  Oil, Way, Significant

  Source: www.spiegel.de

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• I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.

  David Wessel

  Thinking, Two, Oil

  Source: www.pbs.org

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• Low oil prices played a part in a major move by Congress voting to end the 40-year-old ban on exporting American crude oil.

  Ari Shapiro

  Moving, Years, Oil

  Source: www.npr.org

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• Islam is a civilization that is fractured linguistically, ethnically, sectarian-wise, as ours is. What bin Laden has done, though, is to identify a number of issues that are tangible and visceral for Muslims. His indictment list of Western support for Arab tyranny, our ability to keep oil prices too low - at least until recently - our occupation of the Arabian Peninsula.

  Michael Scheuer

  Wise, Civilization, Oil

  Source: www.pbs.org

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• The things that happen are an earthquake, another bomb in Iraq, some big jolt on Wall Street in oil prices, and then you have some new study on drought patterns from climate change. Or another little incremental improvement in photovoltaics. Where do those fit in to the daily stream? They don't.

  Andrew Revkin

  Wall, Earthquakes, Oil

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• We are helping the people that [George W.]Bush says are evil. Teheran couldn't be happier about the high oil prices resulting from the Iraq war.

  Joseph Stiglitz

  War, Oil, Iraq

  Source: www.spiegel.de

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• Even if we were to sign peace today, the economic conditions in our country would not improve automatically because it will take some time to reach the level of oil production before the war and the oil prices are likely to remain low for some time as the supply of oil in the world is high and demand is low.

  Salva Kiir Mayardit

  Country, Peace, War

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• Why are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Second, new technologies are being developed and the shale gas revolution in the USA has taken place

  Kenneth Rogoff

  Taken, Technology, Usa

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• One by one, these governments came undone, and were forced into IMF tutelage (and national illegitimacy) by the careening oil prices, the debt imbroglio, and falling terms of trade. The last of these governments to fall were the Communist regimes of eastern Europe, which have now gone the way of other Third World countries. The second in the cascade of bifurcations is thus symbolized by 1989.

  Immanuel Wallerstein

  Country, Fall, Oil

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• I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.

  Vladimir Putin

  Thinking, Oil, Levels

  Source: thesaker.is

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• It's estimated that about 30 percent of the increase in grain prices could be attributed to the decision to embrace biofuels, particularly corn-based ethanol. It has done nothing for climate change and the business is in real trouble now with the collapse of oil prices. It's completely dependent on a dollar subsidy and tariff from the government.

  Michael Pollan

  Real, Government, Oil

  "Michael Pollan Fixes Dinner (Extended Interview)". Interview with Clara Jeffery, www.motherjones.com. March 2009.

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• Let us rid ourselves of the fiction that low oil prices are somehow good for the United States.

  Dick Cheney

  Oil, Fiction, United States

  "THE 2004 CAMPAIGN: THE VICE PRESIDENT; Cheney Tax Plan From '86 Would Have Raised Gas Prices" by Richard A. Oppel Jr., www.nytimes.com. April 6, 2004.

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• This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life."

  Jon Stewart

  Morning, Mean, Circles

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