Oil prices have certainly become a threat for the world economy.
I think Virgin Blue is still a very promising and exciting business. Now, I know that's not a view that's widely held in the market but I think the market is simply throwing it into the too-hard basket at the present time because of the oil price events. But we think it is still a very exciting business.
I think we have to ask this administration, and the President specifically, about using their political capital now to stand up for the American consumer who is getting clobbered by these gasoline and oil prices.
Firms are a bit concerned about things like oil prices and US growth but actually the change (in firms expectations) is quite small so I think broadly theyre looking for more of the same.
A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.
We're in a world of triple-digit oil prices for the foreseeable future.
Having yet another vote on refinery legislation that uses high oil prices as an excuse to weaken environmental protections and to give more legislative gifts to the oil industry is misguided in the extreme.
The doubling of oil prices ... is creating a more difficult environment in which to act.
Britain in the 1970s was undoubtedly an economic mess because of the oil price explosion.
Lower oil prices won't, by themselves, topple the mullahs in Iran. But it's significant that, historically, when oil prices have been low, Iranian reformers have been ascendant and radicals relatively subdued, and vice versa when prices have been high.
The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery.
I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.
So, I think even in Saudi Arabia there is movement. And we have to remember that over the years they've stabilized the oil price and that is tremendously important for the economies of the world. I think we have no choice but to work with the government of Saudi Arabia.
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