Vladimir Putin is leading a dying country. Vladimir Putin's regime exports three things: petroleum products - coal, natural gas, and hydrocarbon energy in the form of petroleum. Number two, it exports arms, and, number three, it exports people.
We tie ourselves in knots when we act as if democracy is good for the United States and Israel but not for the Arab world. For far too long, we've treated the Arab world as just an oil field.
Russia is a gas station masquerading as a country. It's kleptocracy, it's corruption, it's a nation that's really only dependent upon oil and gas for their economy.
It'll all end in tears and oil.
If the oil price goes down, Russia will go down. You can track the Ruble, you can track the stock market, just off the price of oil.
I basically don't think that the way we do things is that dependent on one resource, such as oil. There can be different kinds of engines for cars. I think that solar heating, wind heating can substitute for a lot of uses for oil. I'd like to see those things happen because they are more sustainable in any case. But I do not think that running out of oil is not going to bother us that much. I think we have got to be rescued by something or we really are going down a slippery slope.
You know the green grifters have no argument when they start raising the 'no blood for oil' cry on the blogs. Excuse me, if Obama's make-sure-your-tires-are-properly-inflated administration would simply allow more energy production here in the U.S., that wouldn't be a problem very long, would it?
By June 1974, Treasury Secretary George Shultz was already suggesting that rising oil prices could result in a 'highly advantageous mutual bargain' between the United States and petroleum-producing countries in the Middle East.
One of our priorities should be to reduce our dependence on foreign oil.
From the 1920s into the 1940s, Britain's standard of living was supported by oil from Iran. British cars, trucks, and buses ran on cheap Iranian oil. Factories throughout Britain were fueled by oil from Iran. The Royal Navy, which projected British power all over the world, powered its ships with Iranian oil.
It doesn't make sense to have a bitumen export economy.
We need to move away from oil, period.
Fossil fuels, including oil, are running out and supplies are getting harder to find. If we do nothing, prices will continue to rise and our reliance on oil will come to an abrupt and tumultuous end, causing global economic and social turmoil.
I started digging and found that Israel signed a peace treaty with the United Arab Emirates after the country had diversified their economy, instead of being solely oil-based. This diversification had brought about modernization. I realized that if you land the price of oil, countries will diversify their economies and as a result, modernize.
We consume about 25 percent of the world's oil every year, but we only have reserves, including that which has not been pumped, of about 3 percent of the oil reserves in the world.
Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.
Countries are effectively paid deference in direct and indirect ways if they're huge oil suppliers.
When you make $78 billion a year, as the three large oil companies are doing, you have no interest in changing the status quo…. Oil companies are not interested innovation.
Compounding Iraq's problem is that its economy is highly dependent on oil.
The Christians had a better chance against the lions than the American consumer has against the OPEC cartel.
Venezuela’s state oil company routinely spends more on social programs then it does on exploration and production.
Government at all levels in the USA right now is engaged in a quixotic campaign to sustain the unsustainable. We're determined to run WalMart, Disney World, the Interstate Highways, suburbia, and an imperial military by other means than oil. We'll squander a lot of dwindling resources in the process.
Opening the Arctic National Wildlife Refuge stands to not only increase the United States' oil reserves by nearly 50 percent, but it will create thousands of good U.S. jobs.
Offshore drilling is not the answer, it is not going to get us anything.
[Describing Iraq:] … floats on a sea of oil.
