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The Middle East with two thirds of the world's oil and lowest cost, is still where the prize ultimately lies.
Look at what Hillary Clinton did in Libya with Gadhafi. Gadhafi's out. It's a mess. And, by the way, ISIS has a good chunk of their oil. I'm sure you probably have heard that. It was a disaster.
People don't want to change. It's hard for people to change and it's hard for businesses to change. If I was running an oil company, I would be resistant to change too.
As in smooth oil the razor best is whet, So wit is by politeness sharpest set; Their want of edge from their offence is seen, Both pain us least when exquisitely keen.
America is addicted to oil and increasing amounts of this oil comes from abroad. Some of the nations we depend on for oil have unstable governments or are hostile towards the United States.
You can imagine these radicals getting a hold of a country where they're able to pull oil off the market to run the price of oil up to extract concession.
What's amazing to me? General Electric has a bigger budget for - special interest budget than all of the oil companies combined, and yet nobody says anything.
My fear is that the global consumption of oil is going to increase, but European oil consumption has already reached its peak. The amount of oil available globally, I think, has already peaked.
The real requirement, if we are to avoid runaway global warming, is probably 80% by 2030, and almost no burning whatever of fossil fuels (coal, gas and oil) by 2050.
I did not think so at first. But the US is so incredibly dependent on oil, that they wanted to secure oil in case competition on the world market becomes too hard.
The oil patch pays good. They're decent jobs paying between 50 and 70 thousand a year. Fracking has a big impact on the oil consumption in the United States.
The U.S. didn't save enough; we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.
I think it's time to send a clear message to what has become the most profitable sector in the entire economy [the oil industry], that they are being watched.