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Oil Prices Quotes

Rodrigo Rato quote: "Oil prices have certainly become a threat for the world economy."
Oil prices have certainly become a threat for the world economy. Rodrigo Rato
When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When Texas boomed with rising oil prices in the 2000s, it contributed to the union to help harder hit regions. Austan Goolsbee
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. Daniel Yergin
Having yet another vote on refinery legislation that uses high oil prices as an excuse to weaken environmental protections and to give more legislative gifts to the oil industry is misguided in the extreme. Sherwood Boehlert
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. Ken Salazar
Instead of begging OPEC to drop its oil prices, let's use American leadership and ingenuity to solve our own energy problems. Pete Domenici
I think we have to ask this administration, and the President specifically, about using their political capital now to stand up for the American consumer who is getting clobbered by these gasoline and oil prices. Ron Wyden
George Osborne quote: "The rise in world oil prices has been larger than anyone..."
The rise in world oil prices has been larger than anyone forecast. George Osborne
Daniel Yergin quote: "A premium in the oil price of somewhere between 10 to 15..."
A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety. Daniel Yergin
Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check. John W. Snow
Barbara Castle quote: "Britain in the 1970s was undoubtedly an economic mess because..."
Britain in the 1970s was undoubtedly an economic mess because of the oil price explosion. Barbara Castle
So, I think even in Saudi Arabia there is movement. And we have to remember that over the years they've stabilized the oil price and that is tremendously important for the economies of the world. I think we have no choice but to work with the government of Saudi Arabia. Frank Carlucci
Rodrigo Rato quote: "We have seen a strong increase in oil prices and up to this..."
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. Rodrigo Rato
Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil. Ron Wyden
I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises. T. Boone Pickens

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