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Exlpore more Oil quotes

"The United States' gasoline industry, as Hurricanes Katrina and Rita demonstrated, is remarkably fragile. And the process of how oil is pumped from the ground, turned into gasoline and distributed to consumers is complicated."

"Liability does apply with respect to the amount of the oil spill."

"The star of oil and vinegar and the oil and vinegar of the stars."

"Here in the United States, we have between 250 and 300 years of a coal supply. That is more than the amount of recoverable oil contained in the entire world."

"Interestingly, the oil companies know very well that in less than 30 years they will not only be charging very high prices, but that they will be uncompetitive with renewables."
Explore more quotes by Daniel Yergin

"If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market."

"I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now."

"So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology."

"The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line."

"A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety."

"The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas."

"First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it is a geopolitical question. For the Europeans right now it is very much focused on the dependence on imported natural gas."
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