Words matter. These are the best Crude Oil Quotes from famous people such as Richard Kinder, James Buchan, Olga Tokarczuk, John Shimkus, Frances Beinecke, and they’re great for sharing with your friends.
We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada.
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.
In a certain sense we can be proud to have introduced this hairstyle to Europe. ‘Plica polonica’ should be added to the list of our inventions, alongside crude oil, pierogi and vodka.
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.
Tar sands oil is the dirtiest fuel on Earth. Because producing it consumes so much energy, a gallon of tar sands crude generates 17 percent more carbon pollution than conventional crude oil.
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.
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.
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.
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.
First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.
President Trump will release America’s pent-up energy potential, get rid of foreign oil, trash punitive regulations, create millions of jobs, and develop our most strategic geopolitical weapon: crude oil.
The U.S. policy of hoarding crude oil never made the world, or even the U.S., a safer place.
I’m very excited by biomass and biofuels. We have a company, KiOR, that turns biomass – for instance, wood chips – into gasoline. The potential value of this company is huge. It could compete with regular crude oil without subsidies.
A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations.
Shell and Exxon support export, but refiners like Valero could end up paying more for the crude oil.
Innovation by American energy companies has led to a glut of the lighter forms of crude oil found in U.S. shale basins such as Eagle Ford, Barnett and Permian Basin.
We have antiquated policies that were put in place in the 1970s that prohibit us from exporting our crude oil, yet we have allies around the globe asking the United States to provide them with a stable supply of energy.
Brazil does not want to become an exporter of crude oil. No. We want to be a country that exports oil byproducts – more gasoline, high-quality oil – and to strengthen the petrochemical industry.
In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
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.
The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity.
If I think too much about all of those Chinese factories where all the stuff in a Wal-Mart is made, I get that woozy feeling you get when you see ducks covered in crude oil.
Global crude oil demand is increasing, particularly in places like China.
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.
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.
