Quotes About Crude oil

The value of the California crude oil produced in the decade of the 1920s was more than two and a half billion dollars. . . . the value of all the gold ever mined in the state — about two billion dollars.

The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.

United States crude oil production continued at the 1920 rate of about 443 million barrels, Hibbert cautioned, the domestic supply would be exhausted by 1933.

About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.

As we all know, no crude oil refineries have been built in the United States since 1976. During that time, close to 100 ethanol refineries have been built.

I'm very excited by biomass and biofuels. We have a company, KiOR, that turns biomass - for instance, wood chips - into gasoline. The potential value of this company is huge. It could compete with regular crude oil without subsidies.

In 1973, America imported 30 percent of its crude oil needs. Today, that number has doubled to more than 60 percent. Gas prices are as high as they are now in part because we've had no comprehensive national energy policy for the past few decades.

A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations.

Polyester, one of the most common fibers, is a plastic derived from crude oil. The long fibers that make up polyester thread are woven together to make fabric. Extracting the oil and melting the plastic require energy.

A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations.

Public-policy-wise, if you want to be consistent, crude oil is a bulk commodity, and you should be able to export it. I would rather the crude go to U.S. refineries to get refined and then export the refined product because we get double, triple the money.

About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.

We have antiquated policies that were put in place in the 1970s that prohibit us from exporting our crude oil, yet we have allies around the globe asking the United States to provide them with a stable supply of energy.

Now they're saying all this terrorist activity could lead to higher oil prices. When asked why, the oil companies said, "Cause everything leads to higher oil prices." In fact, the price of crude oil could hit $80 a barrel. That's not crude -- that's obscene.

The U.S. policy of hoarding crude oil never made the world, or even the U.S., a safer place.

The future looks like gasoline. . . . crude oil . . . is the future before it has been refined. It is like a dream of the future, really, and like any dream it ends with a rude awakening.

Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.

The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity.

Bahrain lies at the epicenter of Gulf security and any violent upheaval in Bahrain would have enormous geopolitical consequences. Global economic stability depends on the uninterrupted export of crude oil from the Gulf to markets around the world - a job that historically has been assigned to the U.S. Fifth Fleet.

I dont like crude oil, because its so vulgar.

Of course, in an ideal world we'd be using mercury as the propellant fluid, but even that has handling problems, not to mention cost and sourcing for the kind of volume we're looking at. So what we've wound up with is a very dense hydrocarbon, it's almost pure crude oil, but the chemists have tweaked the molecular structure so it remains liquid over a huge temperature range.