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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• 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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• 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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• 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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• 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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• 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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• 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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• 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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• 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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• 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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• 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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• 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.

  Sung Won Sohn

  Recovery, Self, Oil

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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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• A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.

  Daniel Yergin

  Oil, Anxiety, Dollars

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• 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.

  Peter Morgan

  Thinking, Oil, Expectations

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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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• Oil prices have certainly become a threat for the world economy.

  Rodrigo Rato

  Oil, World, Economy

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• 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.

  James Surowiecki

  Iran, Oil, Vices

  "TROUBLED WATERS OVER OIL". www.newyorker.com. February 19, 2007.

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