Oil Market Quotes

Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.

When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When Texas boomed with rising oil prices in the 2000s, it contributed to the union to help harder hit regions.

The anti-American policy is the one that keeps oil prices up. The way to do that is to help OPEC limit the amount of liquid fuel available.

If people think we can draw a circle around North America and that we can be an independent island of energy, that's not realistic. This is a world market for oil, for refined products, and increasingly, for natural gas.

Government experts have estimated that ANWR reserves would only provide enough oil for six months of U.S. oil consumption. In addition, the oil industry itself has estimated that it would take 10 years to bring this oil to the market.

In the U.S. I think there are really two reasons we should pursue energy policy. One is climate change, and the second is this notion that the oil market is cartel-ized by people, some of whom are friendly, some of whom are not, some of whom are in a more ambivalent position to us.

Goldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil. So the banks have aggressively been buying oil on their balance sheets. I think they might see this as a way to bail themselves out of this mortgage crisis.

You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.

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.

American companies will have a big shot at Iraqi oil.

So, I think even in Saudi Arabia there is movement. And we have to remember that over the years they've stabilized the oil price and that is tremendously important for the economies of the world. I think we have no choice but to work with the government of Saudi Arabia.

If the United States was mad enough to attack Iran or aggress Venezuela again the price of a barrel of oil could reach $150 or even $200.

First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.

Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.

Even if we were to sign peace today, the economic conditions in our country would not improve automatically because it will take some time to reach the level of oil production before the war and the oil prices are likely to remain low for some time as the supply of oil in the world is high and demand is low.

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.

Fifty-dollar oil is just another stop on the road to much higher crude prices.

People who are running for office mislead the American people by saying that there's a three-point plan or a bumper sticker kind of way of bringing down gasoline prices. The fact of the matter is that nobody can do that. The price of oil is set on the global economy. People who have looked at this closely and hard know that's the case.

As gas prices continue to drop, 28 states are now selling regular gasoline for less than $2 a gallon. It's getting cheaper to pump two gallons of gas outside the station than it is to pump two squirts of nacho cheese inside.

We think we're near energy independence - nothing could be further from the truth. We're in much better shape now, but the price of a barrel of oil is going to be controlled by the Middle East for the next 10, 20, 30 years for sure.

The KXL pipeline would make it easy and cost effective for oil producers in Canada to transport oil to the Gulf of Mexico where it could be shipped to customers - not just in the United States - but around the world.

I saw a report yesterday. There's so much oil, all over the world, they don't know where to dump it. And Saudi Arabia says, 'Oh, there's too much oil.' They - they came back yesterday. Did you see the report? They want to reduce oil production. Do you think they're our friends? They're not our friends.

Oil they would buy from anyone. From Satan.

Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.

It is incorrect and unwise to imagine that some day all producer countries will be able to export their surplus oil, and Iran will not be able to export its oil.