Our natures are a lot like oil, mix us with anything else, and we strive to swim on top.
The people among which I lived - and yet live, mainly - made their living from cotton, wheat, cattle, oil, with the usual percentage of business men and professional men.
Lamps make oil-spots and candles need snuffing; it is only the light of heaven that shines pure and leaves no stain.
My father was a middle manager at an oil company, but I never knew anything about his work. Whatever business acumen I have just got gleaned over the years.
Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market
Instead of begging OPEC to drop its oil prices, lets use American leadership and ingenuity to solve our own energy problems.
I've never had a penny through oil deals and no one has produced a shred of evidence that I have.
If oil companies were to invest their high profits into alternative fuel research it will help America move toward new forms of energy.
A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.
In addition, each barrel of oil we save through conservation further decreases our dangerous reliance on unstable Middle East oil.
We need to break our dependency on foreign sources of oil, which leaves us at the mercy of foreign powers. To do that, we should increase domestic energy production.
If you don't have a refinery operating, it's hard to use oil that's available.
Concerning our possibilities on the international financial markets, the sanctions are severely harming Russia. But the biggest harm is currently caused by the decline of the prices for energy. We suffer dangerous revenue losses in our export of oil and gas, which we can partly compensate for elsewhere. But the whole thing also has a positive side: if you earn so many petrodollars - as we once did - that you can buy anything abroad, this slows down developments in your own country.
When we talk about the Far East we usually mean the Far East itself, including Primorye Territory, Khabarovsk Territory, Kamchatka, and Chukotka, as well as Eastern Siberia. All this area contains tremendous resources, including oil and gas, 90 percent of Russian tin, 30 percent of Russian gold, 35 percent of forest, 70 percent of Russia's fish is harvested in the local waters.
I would like to draw attention to the fact that we have gone from pure trade [with China] in traditional goods [energy resources, such as hydrocarbons, oil and now natural gas, petrochemicals on the one hand and textiles and footwear on the other] to a whole new level of economic cooperation. For example, we are working together on space programmes. Moreover, we are developing and soon will begin the production of a heavy helicopter. We are now tracing the plan for the creation of a wide-body long-range aircraft.
If I said that oil production would collapse I was wrong.
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.
Oil production, energy production are growing, though the latter has gone down by about 1 percent here, I believe... By the way, we occupy the first place in the world in gas export, accounting for 20 percent of the world market. We are also first in the sphere of liquid hydrocarbons export.
However, it was not us who refused to freeze oil production; our Saudi partners changed their point of view at the last moment and decided to slow down the adoption of this decision. I would like to reiterate our position, it remains the same.
I believe that in fact it would be economically reasonable and logical to reach a compromise [on oil production], I am sure that everybody understands this.
They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas.
This is also evident in Europe, not the dependence on oil and gas, but the fact that structural reforms are long overdue, and I think that the leading economies are very pragmatic and efficient in addressing the issues facing the European economy. That is why we keep approximately 40 percent of our gold and foreign currency reserves in euros.
Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.
Here in the United States we're now consuming about three gallons of petroleum per person per day. That's twenty pounds of oil per person per day. We only consume about four pounds of oxygen per person per day. We're consuming five times more oil each day, here in the United States than we are oxygen. We've become the oil tribe.
To restore our inflamed atmosphere to a hospitable state requires nothing less than rewiring the entire globe - and replace every oil-burning furnace, every gasoline-burning car, every coal-burning generating plant, with renewable, climate-friendly energy sources. The earth's fossil fuel resources have blessed us with a level of prosperity and abundance unimaginable a century ago. Today they are propelling us forward into a century of disintegration.
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