Oil Revenues Quotes

Compounding Iraq's problem is that its economy is highly dependent on oil.

Venezuela’s state oil company routinely spends more on social programs then it does on exploration and production.

Sure, I travel. I went to Washington to negotiate a $1 billion prepayment to Mexico on its oil revenues to help it out of its financial crisis.

There's a lot of money to pay for this ... the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three years...We're dealing with a country that can really finance its own reconstruction, and relatively soon.

When you talk about the oil wealth you compare nations. There are some nations with less than five million people. Nigeria has 150 million people. I cannot say that all the money earned from oil since 1958, when the first drop of oil was exported from this country to date, that the money has been effectively used.

We were told this war would be over in a matter of weeks, and that the Iraqis would be able to finance it with oil sales. We were promised it was not a mission of nation building.

There are too many unions, monopolists, and bureaucrats that behave like hungry sharks, accustomed to feeding off oil revenues and appropriating the extraordinary wealth that Mexico produces but does not share in an equitable and democratic way.

Russia is a bankrupt country. It just lives on oil revenues.

The First Law of Petropolitics: The price of oil and the pace of freedom always move in opposite directions in states that are highly dependent on oil exports for their income and have weak institutions or outright authoritarian governments.

We have already significant sums of money in our petroleum fund, a fund created by law that includes all the revenues received from the Timor Sea, and invests in conservative, safe, long-term investment portfolios - right now in US Treasury Bonds.

We are not utilizing the Iraqi oil for U.S. purposes. We are not asking that the Iraqi oil be used to pay our military expenses. We are asking only that the Iraqi oil be used to rebuild Iraq - that is, to rebuild Iraq for the Iraqi people.

The suspension of allowances was temporary and was to be reviewed periodically. It was reviewed in the appropriate time after our oil revenue improved.

Russia does not have a modern economy: it's a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can't meet payroll.

All told, these profit levels have put the world's five largest publicly traded oil companies on track to earn more than $100 billion before year's end. Yet, at the same time that Big Oil's bottom line is going up, so are Americans' energy costs.

I grew up in Mexico City at a time when the country was a repressive one-party dictatorship almost wholly dependent on oil revenues.

The Iranians have a lousy government, so therefore their economy is lousy, even though they have significant oil revenues. So I am convinced that together, we can, with the French, with the British, with the Germans and other countries, democracies around the world, we can affect Iranian behavior. But have no doubt, but have no doubt that the Iranians continue on the path to the acquisition of a nuclear weapon. And it is a threat not only in this region but around the world.