Top 62 Quotes About Oil Prices
#1. 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
#2. The doubling of oil prices ... is creating a more difficult environment in which to act.
Gordon Brown
#3. 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.
James Surowiecki
#4. Low oil prices played a part in a major move by Congress voting to end the 40-year-old ban on exporting American crude oil.
Ari Shapiro
#5. It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.
Robert Kiyosaki
#6. What's new is high oil prices and the economy hates high oil prices.
Richard Heinberg
#7. The things that happen are an earthquake, another bomb in Iraq, some big jolt on Wall Street in oil prices, and then you have some new study on drought patterns from climate change. Or another little incremental improvement in photovoltaics. Where do those fit in to the daily stream? They don't.
Andrew Revkin
#8. 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
#9. 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.
Jay Leno
#10. There is enough oil out there for world demand. It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply.
Barack Obama
#11. Oil prices have certainly become a threat for the world economy.
Rodrigo Rato
#12. Why are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Second, new technologies are being developed and the shale gas revolution in the USA has taken place
Kenneth Rogoff
#13. Firms are a bit concerned about things like oil prices and US growth but actually the change (in firms expectations) is quite small so I think broadly theyre looking for more of the same,
Peter Morgan
#14. Instead of begging OPEC to drop its oil prices, let's use American leadership and ingenuity to solve our own energy problems.
Pete Domenici
#15. 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
#16. The significant collapse of oil prices shows that it was previously way too high.
Wolfgang Schauble
#17. 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
#18. Rising oil prices have focused the world's attention on the depletion of oil reserves. But the depletion of underground water resources from overpumping is a far more serious issue. Excessive pumping for irrigation to satisfy food needs today almost guarantees a decline in food production tomorrow.
Lester R. Brown
#19. We are helping the people that [George W.]Bush says are evil. Teheran couldn't be happier about the high oil prices resulting from the Iraq war.
Joseph Stiglitz
#20. We're in a world of triple-digit oil prices for the foreseeable future,
Jeff Rubin
#21. 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.
Rex Tillerson
#23. 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
#24. Russia does not control oil prices - OPEC does. So Russia is a hostage in the hands of those who control these prices
Christopher A. Pissarides
#25. I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.
David Wessel
#26. Israel will not tolerate Iran developing nuclear power, even if Iran claims it is for peaceful purposes. If there is an attack, oil prices will go through the roof.
Robert Kiyosaki
#27. 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
#28. Let us rid ourselves of the fiction that low oil prices are somehow good for the United States.
Dick Cheney
#29. The rise in world oil prices has been larger than anyone forecast.
George Osborne
#30. 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.
Alex Berenson
#31. If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
Adi Godrej
#32. The Bush administration and Congressional Republicans have failed to bring up comprehensive energy reform or any piece of legislation for that matter that would lower gas prices, opting instead to give massive subsidies to the oil and gas industry.
Rosa DeLauro
#33. Fifty-dollar oil is just another stop on the road to much higher crude prices.
Peter Schiff
#34. Gasoline prices are soaring through the stratosphere, and the Federal Trade Commission, which is supposed to be standing up for the consumer, ought to stop playing footsie with the oil companies and take steps to protect the American people.
Ron Wyden
#35. The way to bring gas prices down is to end our dependence on oil and use the renewable sources that can give us the equivalent of $1 per gallon gasoline.
Al Gore
#36. A record 449 million barrels of oil are being stored in the U.S. Shrinking storage capacity might lead to another drop in prices.
Anonymous
#37. We've passed an energy bill in the House, to help us be less reliant upon foreign oil so we can get gas prices down. But nothing happens in the Senate.
Steve Chabot
#38. New Rule: Stop talking about "the gas prices under Obama." As if he's the guy out there changing the numbers on the sign with that long pole. And while they're at the gas station, Republicans who still think human activity doesn't affect air quality should poke their heads in the men's room.
Bill Maher
#39. 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.
James Buchan
#40. Big oil, big steel, big agriculture avoid the open marketplace. Big corporations fix prices among themselves and thus drive out of business the small entrepreneur. Also, in their conglomerate form, the huge corporations have begun to challenge the very legitimacy of the state.
Gore Vidal
#41. Rather than proposing a forward-looking energy initiative, House Republicans continue to push Big Oil's tired old ideas, ideas that will do absolutely nothing to lower gas prices for the American consumer.
Jan Schakowsky
#42. Fossil fuels, including oil, are running out and supplies are getting harder to find. If we do nothing, prices will continue to rise and our reliance on oil will come to an abrupt and tumultuous end, causing global economic and social turmoil.
Lucy Powell
#43. 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.
Gary Miller
#44. Among the many important provisions in the energy bill are the creation of an estimated half million new jobs, increased oil production, blackout protection, controlling fertilizer costs by stabilizing natural gas prices and enacting new efficiency benchmarks.
Paul Gillmor
#45. By reducing our dependence of foreign oil and increasing alternative energy sources such as ethanol, we can begin to bring down prices at the pumps, create thousands of new jobs and bring a much needed boost to our economy.
Jim Ryun
#46. With gas prices nationally, and especially in our area, increasingly on the rise, it is more crucial then ever that we take steps to diversify our energy sources and reduce our dependency on foreign oil.
Mary Bono
#47. If you opened up every single potential drilling opportunity in the United States, it would have the effect of lowering gas prices three cents, maybe. And that's because, of course, oil is traded on a global market.
Jennifer Granholm
#48. The real problem is that we use too much oil. It's that simple and that difficult. If we truly want to reduce our vulnerability to high prices, the best way to do so is to reduce consumption.
Richard Heinberg
#49. There is also a concern that there is a lack of demand of oil. And so when commodity prices fall, it's good if you happen to be a consumer, but it's sometimes seen as symptom of a weakening economy.
David Wessel
#50. He's got lots of money and clearly has grandiose schemes, seeing himself as an important global player. There is a reality to it. Oil is at record prices, and he's willing to spend both in Venezuela and in the region. But the question is, how much influence is he gaining
Michael Shifter
#51. When oil and gas prices went up dramatically and filled up the state treasury, I sent a large share of that revenue back where it belonged - directly to the people of Alaska.
Sarah Palin
#52. The residents blamed the "Gahmen", naturally. Since the explosion of social media, those "Gahmen" guys have been blamed for everything from HDB flat prices to the price of oil, climate change, the shortage of Hello Kitty dolls and kids not clearing their trays away at hawker centres.
Neil Humphreys
#53. Faced with our addiction to oil, what does our leadership say? Get more of it!
Strange when you consider their answer to drug dependence is to cut off the supply.
Bill Maher
#54. The Coastal Plain of Alaska has great potential for energy development. Americans have paid record-high prices for oil and gas in the year 2005.
Kenny Marchant
#55. The oil companies are regulated by the federal government. They can't drill on land nor in American waters without permission from the feds. Many Republicans want to drill baby drill but what's the point if all the oil goes to China? Increased production obviously doesn't mean lower prices for us.
Bill O'Reilly
#56. We must have a relentless commitment to producing a meaningful, comprehensive energy package aimed at conservation, alleviating the burden of energy prices on consumers, decreasing our country's dependency on foreign oil, and increasing electricity grid reliability.
Paul Gillmor
#57. The reason gas prices are so high is because the oil is in Texas and Oklahoma and all the dipsticks are in Washington.
Yakov Smirnoff
#58. Interestingly, the oil companies know very well that in less than 30 years they will not only be charging very high prices, but that they will be uncompetitive with renewables.
Paul Hawken
#59. But It doesn't make sense for us to have a continued reliance on a supply of oil where whenever there is unrest in another part of the world, gasoline prices jump up. We need a renewable fuel industry that's more than corn-based, of course, and there are a whole series of great opportunities here.
Tom Vilsack
#60. Finally, we should help developing nations like China and India curb their exponentially increasing consumption of oil and natural gas, which is driving world prices higher.
Bobby Jindal
#61. I believe we will see a biofuels resurgence. While gas prices skyrocket and we continue to wage wars for oil, while spills, fracking, tar sands and the oil madness of our empire continue, people are waking up and realizing that you can't be against petroleum and against fuels that come from nature.
Josh Tickell
#62. Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.
Major Owens
