Quotes About Oil prices

The Indian voter will not shy away from sacrificing in the national interest. If the voter is convinced that high oil prices are a national challenge and that the government is doing its best to deal with the challenge, the voter would be willing to bear the burden.

Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.

The anti-American policy is the one that keeps oil prices up. The way to do that is to help OPEC limit the amount of liquid fuel available.

We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.

After the agreement fell apart, the disorganized producers lost all incentive to curtail production, feeding another downward spiral in oil prices.

Low kerosene prices, a boon to consumers, were catastrophic for refiners, who saw the profit margin between crude- and refined-oil prices shrink to a vanishing point.

As with oil, ore prices skidded lower, bankrupting marginal producers and bolstering the Rockefeller-Carnegie alliance.

The one thing people seem to forget is the more oil we have, the lower the price and the lower the profits the oil companies make.

There are no military options for Iran. Attack them, and they will destroy the Gulf States oil industries, rain hundreds of missiles onto Israel, close the Arabian Gulf, and shoot oil prices to $300 per barrel, which could cause our own economic downfall.

Peace is a simple word, but it has a lot of ramifications. Peace doesn't have any financial benefits. When there's a war, countries buy billions of dollars' worth of armaments that are made here in the United States. In peacetime, they don't need any. Because Iran can't sell its oil, oil prices are up, and the United States gets the benefit of that.

In my first meeting with Vladimir Putin in the spring of 2001, he complained that Russia was burdened by Soviet-era debt. At that point, oil ws selling for $26 per barrel. By the time I saw Putin at the APEC summit in Sydney in September 2007 oil had reached $71--on its way to $137 in the summer of 2008. He leaned back in his chair and asked how were Russia's mortgage-backed securities doing.

If oil prices will go too high, it will slow down the world economy and would trigger a global recession.

By June 1974, Treasury Secretary George Shultz was already suggesting that rising oil prices could result in a 'highly advantageous mutual bargain' between the United States and petroleum-producing countries in the Middle East.

I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.

The pro-American policy is the one that forces oil prices down. The way to do this is to flood the world market with liquid fuel from every source possible.

We produce thirty-year projections of social security deficits and oil prices without realizing that we cannot even predict these for next summer—our cumulative prediction errors for political and economic events are so monstrous that every time I look at the empirical record I have to pinch myself to verify that I am not dreaming. What is surprising is not the magnitude of our forecast errors, but our absence of awareness of it.

Oil prices jumped to well over $100 a barrel, and analysts say it's due to tension in the Middle East. So, luckily, it's just a temporary thing.

With oil prices plummeting in late 2015 and early 2016, Gulf states have taken the unusual step of issuing sovereign bonds to ease budgetary concerns.

People who are running for office mislead the American people by saying that there's a three-point plan or a bumper sticker kind of way of bringing down gasoline prices. The fact of the matter is that nobody can do that. The price of oil is set on the global economy. People who have looked at this closely and hard know that's the case.

You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.

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.

Lower oil prices won't, by themselves, topple the mullahs in Iran. But it's significant that, historically, when oil prices have been low, Iranian reformers have been ascendant and radicals relatively subdued, and vice versa when prices have been high.

The EPA could act to open the transportation-fuel market to vigorous competition from natural gas as well as coal, biomass, and trash, by legalizing methanol. This would force oil prices down, expand the economy, and create millions of jobs.

The doubling of oil prices ... is creating a more difficult environment in which to act.