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Crude Oil Quotes

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 Picture Quote #1
It is very rare for a child of God to find gold and crude oil on the floor to fetch. He/she must dig and dig deeply well!!! Picture Quote #1
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 Picture Quote #1
When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption Picture Quote #1
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 Picture Quote #1
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 Picture Quote #1
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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 Picture Quote #1
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 Picture Quote #1
Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products Picture Quote #1
Running out of energy in the long run is not the problem.... The bind comes during the next 10 years: getting over our dependence on crude oil Picture Quote #1
The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity Picture Quote #1
The U.S. policy of hoarding crude oil never made the world, or even the U.S., a safer place Picture Quote #1
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We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada Picture Quote #1
There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation Picture Quote #1
Bitumen is junk energy. A joule, or unit of energy, invested in extracting and processing bitumen returns only four to six joules in the form of crude oil. In contrast, conventional oil production in North America returns about 15 joules. Because almost all of the input energy in tar sands production comes from fossil fuels, the process generates significantly more carbon dioxide than conventional oil production Picture Quote #1
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 Picture Quote #1
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 Picture Quote #1
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 Picture Quote #1
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Global crude oil demand is increasing, particularly in places like China Picture Quote #1
In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there Picture Quote #1
This young wine may have a lot of tannins now, but in five or 10 years it is going to be spectacular, despite the fact that right now it tastes like crude oil. You know this is how it is supposed to taste at this stage of development Picture Quote #1
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 Picture Quote #1
Running out of energy in the long run is not the problem... The bind comes during the next 10 years: getting over our dependence on crude oil Picture Quote #1
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 Picture Quote #1
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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 Picture Quote #1
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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  (Crude Oil Quotes) It is very rare for a child of God to find gold and crude oil on the floor to fetch. He/she must dig and dig deeply well!!!  (Crude Oil Quotes) 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.  (Crude Oil Quotes) When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption.  (Crude Oil Quotes) 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.  (Crude Oil Quotes) 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.  (Crude Oil Quotes) 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.  (Crude Oil Quotes) 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.  (Crude Oil Quotes) Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.  (Crude Oil Quotes) Running out of energy in the long run is not the problem.... The bind comes during the next 10 years: getting over our dependence on crude oil.  (Crude Oil Quotes) The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity.  (Crude Oil Quotes) The U.S. policy of hoarding crude oil never made the world, or even the U.S., a safer place.  (Crude Oil Quotes) We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada.  (Crude Oil Quotes) There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation  (Crude Oil Quotes) Bitumen is junk energy. A joule, or unit of energy, invested in extracting and processing bitumen returns only four to six joules in the form of crude oil. In contrast, conventional oil production in North America returns about 15 joules. Because almost all of the input energy in tar sands production comes from fossil fuels, the process generates significantly more carbon dioxide than conventional oil production  (Crude Oil Quotes) 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  (Crude Oil Quotes) 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  (Crude Oil Quotes) 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  (Crude Oil Quotes) Global crude oil demand is increasing, particularly in places like China  (Crude Oil Quotes) In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there  (Crude Oil Quotes) This young wine may have a lot of tannins now, but in five or 10 years it is going to be spectacular, despite the fact that right now it tastes like crude oil. You know this is how it is supposed to taste at this stage of development  (Crude Oil Quotes) 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  (Crude Oil Quotes) Running out of energy in the long run is not the problem... The bind comes during the next 10 years: getting over our dependence on crude oil  (Crude Oil Quotes) 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  (Crude Oil Quotes) 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  (Crude Oil Quotes)