Commodity Trade Quotes

Public-policy-wise, if you want to be consistent, crude oil is a bulk commodity, and you should be able to export it. I would rather the crude go to U.S. refineries to get refined and then export the refined product because we get double, triple the money.

The whole experience of the last 20 years of government trading in commodities, credit and shipping has demonstrated that it is alive with international friction and threats to peace …. The long view should be to restore international trade to free enterprise.

It has been possible to trace historically back to a very early age the taxes which were imposed on medicines, spices and similar substances in German towns. Thus, for instance, one finds that in the year 1500, thirteen, in 1540, thirty-eight, and in 1708, already one hundred and twenty vegetable oils are mentioned.

Money performs but a momentary function … when the transaction is finally closed, it will always be found, that one kind of commodity has been exchanged for another

To a proprietor of a mine, the silver money is a produce with which he buys what he has occasion for. To all those through whose hands this silver afterwards passes, it is only the price of the produce which they themselves have raised by means of their property in land, their capitals, or their industry. In selling them they in the first place exchange them for money, and afterwards they exchange the money for articles of consumption.

Gold and silver are but merchandise, as well as cloth or linen; and that nation that buys the least, and sells the most, must always have the most money.

Oil and coal? Of course, it's a fungible commodity and they don't flag, you know, the molecules, where it's going and where it's not [...]. So, I believe that what Congress is going to do, also, is not to allow the export bans to such a degree that it's Americans that get stuck to holding the bag without the energy source that is produced here, pumped here.

If Columbus in an island of America had not caught the disease, which poisons the source of generation, and often indeed prevents generation, we should not have chocolate and cochineal.

We are a very big mining country and historically have been exporters of raw minerals. There is no particular reason why we should not be processing those further.

It is not that pearls fetch a high price because men have dived for them; but on the contrary, men have dived for them because they fetch a high price.

Marijuana has become like currency. Anytime you grow a crop like marijuana, or wheat, or corn, or anything that people consume on a daily basis, you're [getting] into a huge economic area.