Quotes About Oil

To talk of a modern work of art enduring is sillier than talking of the eternal values of Standard Oil.

The answer in terms of technology was horizontal drilling in the form of "stages." Rather than trying to frack the length of the entire horizontal well all at once, the drillers would do so in stages, learning and experimenting and adjusting to the specific rock as they went.

By July, oil prices were beginning to subside.13 But the consequences of the offensive were startling. With its fanatic but well-organized military drive, ISIS had redrawn, at least for a time, the map at the heart of the Middle East. It now controlled a contiguous territory that reached from north-central Syria all the way across Iraq to Mosul—almost the same distance as from London to Edinburgh—with as many as eight million people under its rule.

The one market that seemed to be guaranteed for oil for a very long time was transportation and, specifically, the automobile. No longer, not on the "Roadmap" to the future. For oil now faces a sudden challenge from the New Triad: the electric car, which uses no oil; "mobility as a service," ride-hailing and ride-sharing; and cars that drive themselves. The result could be a contest for dominance in a new trillion-dollar industry: "Auto-Tech.

In the 1920s, he decided that it was cheaper to drill for oil than to buy the overvalued shares of other oil companies. After the 1929 stock market crash, he completely changed tack; he saw that oil shares were selling at a great discount to assets, and he turned to prospecting for oil on the floor of the stock exchange—in

In 1974, the basin—really a collection of several different giant oil fields—reached its peak, providing almost a quarter of total U.S. oil supplies.7

In 1974, the basin—really a collection of several different giant oil fields—reached its peak, providing almost a quarter of total U.S. oil supplies.7 But thereafter output in the Permian began a precipitous decline, hitting a low point in 2007.

Iranian oil minister Bijan Zanganeh demanded that the other Gulf countries cut back while Iran regained, as he put it, "our lost share of the market." The Arab Gulf countries were adamant that they would not cut back to make room for additional Iranian oil. "We will provide oil to whoever asks for it," said Prince Abdulaziz bin Salman, Saudi deputy oil minister at the time.

The price collapse was slowing the development of new supplies. Low prices were also stimulating demand. In 2015, the growth in world oil consumption was more than twice what it had been in 2014. With cheaper gasoline, the share of SUVs and light trucks sold in the United States rose from under the 50 percent it had been in 2012 to 60 percent in 2015.

OPEC-Plus had also helped generate a geopolitical reordering—the new relationship between Moscow and Riyadh. Once, in the early 1990s, after the collapse of the Soviet Union, Naimi was asked what he thought of Russia. "I think of it as a competitor," he said. But now oil, which had been a source of rivalry, had brought them together.

Canada supplied, in 2019, about 50 percent of total U.S. oil imports, a volume three times greater than all the oil the United States imported from OPEC countries

Cars and light trucks (SUVs and pickups), as pointed out earlier, constitute 35 percent of world oil demand—cars alone, about 20 percent. The rest of transportation consumption goes into heavy trucks, ships, trains, and airplanes.

That such a slave as this should wear a sword, Who wears no honesty. Such smiling rogues as these, Like rats, oft bite the holy cords atwain Which are too intrinse t' unloose; smooth every passion That in the natures of their lords rebel, Being oil to the fire, snow to the colder moods, Renege, affirm, and turn their halcyon beaks With every gale and vary of their masters Knowing naught, like dogs, but following.

Central to the idea of a democracy is the ruse that civilian control of the military prevents military dictatorships. But it's different when the civilians running the defense establishment are oil barons, arms manufacturers, spooks and spokesmen for General Electric.

Heat 1 inch of vegetable oil in a large skillet or wide, shallow pot to about 365 degrees F. (If you don't have an oil thermometer, drop a few bread crumbs in. If they sizzle but don't burn, the oil is ready.) Cut the mozzarella into four slabs, then cut each slab into four pieces, to get sixteen sticks. Spread the flour and the bread crumbs on separate rimmed plates. Put the eggs in a shallow bowl, and lightly beat

Obama is a clown. You don't have to be a scientist to know that the President doesn't know what he's talking about when he says fossil fuels are the energy of the past. We have more oil than we need. We'll never run out of it. It's all we've got.

I think there are more politicians in favor of electric cars than against. There are still some that are against, and I think the reasoning for that varies depending on the person, but in some cases, they just don't believe in climate change - they think oil will last forever.

Along with Senator Lieberman and others, I introduced the Energy Security Bill to use existing technologies with a variety of tax incentives to reduce our dependence on oil.

We are considering various ways of making use of our oil and gas downstream industries. This is to be complemented with the import of oil and gas from other sources as raw materials.

Is water the next oil? Motives behind the question vary, depending on who asks the question. Those who see water as a future core commodity - therefore as profitable a prospect as oil - pose the question to create the right market conditions for water trade.

Opinions are to the vast apparatus of social existence what oil is to machines: one does not go up to a turbine and pour machine oil over it; one applies a little to hidden spindles and joints that one has to know.

It is fairly well-known what has been behind that climate change denial in America: vast sums pumped into an ignorance industry by the oil and gas lobbies.

People have known for thousands of years that oil was abundant on Alaska's North Slope, a vast tundra, flat and treeless, on and on and on, from the foothills of the Brooks Mountain Range to the Arctic Ocean, an endless, unchanging landscape bigger than Idaho.

Satellites record data in different parts of the light spectrum that we can't see. And it's that information that allows satellites to be so powerful in terms of looking at things like vegetation health, finding different kinds of geology that may indicate an oil deposit or some kind of mineralogical deposit that can be mined.