Oil Discovery Quotes

It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.

The government sent the Indians to Oklahoma. They had a treaty that said, 'You shall have this land as long as grass grows and water flows.' It was not only a good rhyme but looked like a good treaty, and it was till they struck oil. Then the Government took it away from us again. They said the treaty only refers to 'Water and Grass; it don't say anything about oil.'

It's harder, but we're still finding oil in Oklahoma today. The bar has been raised on startup companies, but it can still be done. Every regulation and every rule limits you, but, yes, it can still be done. That's the beauty of living in a free country and having the freedom to have an idea and become an entrepreneur.

J. Paul Getty, who still hasn't been buried - they keep finding oil! Never got a dinner!

I always wanted to find oil. It was always an irresistible calling.

I'm a professional geologist, an explorationist for oil. That's what I've done in my career, one that's culminated in - at least to this point - playing a part in finding the largest field in the last 40 years anywhere in the world. That's the Bakken field, which I believe will yield 24 billion barrels of oil in the decades to come, maybe more.

In 1859 the human race discovered a huge treasure chest in its basement. This was oil and gas, a fantastically cheap and easily available source of energy. We did, or at least some of us did, what anybody does who discovers a treasure in the basement - live it up, and we have been spending this treasure with great enjoyment

I was born in Sarnia, Ontario; a small town, it's where oil was pretty much discovered in North America.

As a fluke, my great-grandfather hit one of the largest oil reserves in California.

You see this in the oil industry time and time again. Fears that we've found the last oil, that we're going to run out, pop up constantly. And soon afterward, because the price goes up, huge new reservoirs are discovered.

For centuries, native Eskimos cut blocks of oil-soaked tundra from natural seeps to use as fuel. In the 1920s, explorers arrived and began poking holes. In 1968, they discovered Prudhoe Bay State No. 1, the largest oil field in North America and one of the largest in the world, and a year later the adjacent Kuparuk field, the second-largest.

According to one study by the United States Geological survey, 86 percent of oil reserves in the United States are the result not of what is estimated at the time of discovery but of the revisions and additions that come with further development.