Quotes About Oil

The thing about Louisiana food is that it's really good for about three months, but they only know how to make one thing, and they dip whatever they can find in a bucket of oil.

One-third of Americans have already been forced to change their lifestyle because their disposable income is gone. A guy can't go to the corner bar after a rough day at work to have a beer, that's gone to oil!

As the cost of gasoline rises and our dependence on foreign oil continues to increase, the effect of sending over $100 billion each year to OPEC nations hurts every American.

The Christians had a better chance against the lions than the American consumer has against the OPEC cartel.

There is no free market for oil. It's controlled by a cartel, OPEC.

First, we should not be opening our coasts, all of our coasts, to oil drilling when we have not taken the first step, not the first step, to conserve oil.

To make a good salad is to be a brilliant diplomat - the problem is entirely the same in both cases. To know how much oil to mix in with one's vinegar.

No sir, said Mr Molloy. I'm mighty sorry I can't meet you in any way, but the fact is I'm all fixed up in Oil. Oil's my dish. I began in Oil and I'll end up in Oil. I wouldn't be happy outside of Oil. Oh? said Mr Carmody, regarding this Human Sardine with as little open hostility as he could manage on the spur of the moment.

She wore defeat like a piece of cheap jewelry. "Worshiping them. Anointing them with oil, Mrs. Gervais," I said.

Oil pouring out of the dying US ships covered

I would have thought your Hegemony was far beyond a petroleum economy." I laughed and locked the wheel in. "Nobody gets beyond a petroleum economy. Not while there's petroleum there. We don't burn it, if that's what you mean. But it's still essential for the production of plastics, synthetics, food base, and keroids. Two hundred billion people use a lot of plastic." "And Maui-Covenant has oil?

Getty's 55-cent-a-barrel royalty to the Saudis loomed over Aminoil's 35-cent royalty to Kuwait, the roughly 33-cent royalty that Aramco had just been compelled to pay the Saudis—and far overshadowed the 16½ cents that Anglo-Iranian and the Iraq Petroleum Company were paying in Iran and Iraq respectively, as well as the 15-cent royalty that the Kuwait Oil Company was paying.

the New World had become the oil granary for the Old; altogether, the United States was to satisfy 80 percent of the Allies' wartime requirement for petroleum.

In the autumn of 2018, though it was hardly noted at the time, something historic occurred: The United States overtook both Russia and Saudi Arabia to regain its rank as the world's largest oil producer, a position it had lost more than four decades earlier.

earnings from oil and gas exports provide the financial foundation for the Russian state and Russian power—in normal times, 40 to 50 percent of the government's budget, 55 to 60 percent of export earnings, and an estimated 30 percent of GDP.

By the end of 2018, Russian output reached 11.4 million barrels per day, as high as at the peak for Russia in Soviet days.

the $25 billion, 2,800-mile ESPO (Eastern Siberia–Pacific Ocean) oil pipeline. In 2005, just 5 percent of Russia's oil exports went to China. It rose to almost 30 percent, and Russia eclipsed Saudi Arabia as China's number one supplier.

objective, it said, was to push Gulf into transferring half of its U.S. oil and gas reserves into a royalty trust, which would be owned directly by the stockholders, giving them the cash flow and eliminating the double taxation on dividends.

Between the end of the Great Recession, in June 2009, and 2019, net fixed investment in the oil and gas extraction sector represented more than two-thirds of total U.S. net industrial investment. In another measure, between 2009 and 2019, the increases in oil and gas have accounted for 40 percent of the cumulative growth in U.S. industrial production.

Currently, oil use in the developed world averages 14 barrels per person per year. In the developing world, it is only 3 barrels per person. How will the world cope when billions of people go from 3 barrels to 6 barrels per person?

In the decade and a half following its entry into the World Trade Organization in 2001, China's oil consumption increased two and a half times over. It is currently the eighth-largest oil producer in the world, at 3.8 million barrels per day. But its demand has surged far ahead of domestic supply. It has become the world's largest importer of oil: by the beginning of 2020, 75 percent of total demand.

About half of the world's oil tanker shipments pass through the South China Sea, not only to China, but also to Japan and South Korea. For Japan and South Korea, the possible risk of disruption would come from actions by China. For China, however, there is only one "certain power"—the United States and, in particular, the U.S. Navy.

Oil is not merely the heart of the Iraqi economy. In economic terms, Iraq is oil, which makes up over 90 percent of government revenues, over 99 percent of exports, and almost 60 percent of GDP. The World Bank describes Iraq as "the world leader in terms of dependence on oil.

In 1933, Standard Oil of California—Socal, now Chevron—won the right to explore for oil in Saudi Arabia. On March 4, 1938, a telegram was dispatched from Saudi Arabia to the San Francisco headquarters of Socal. It reported that in a test in the eastern province on a well called Damman #7, at a depth of 4,694 feet, oil had flowed at the rate of 1,585 barrels per day.