Petroleum Quotations

Turkey's energy bill due to imports will fall with the increase in use of renewable energy sources. We have no control over the prices of petroleum and natural gas.

Relying exclusively on air power has limits: planes are effective against fixed strategic targets, like petroleum storage, bridges, and command bunkers; but even then, air power rarely succeeds by itself in destroying a regime's ability to command and control its forces.

Vladimir Putin is leading a dying country. Vladimir Putin's regime exports three things: petroleum products - coal, natural gas, and hydrocarbon energy in the form of petroleum. Number two, it exports arms, and, number three, it exports people.

The approaching exhaustion of domestic reserves of petroleum and the rapid depletion of world reserves will have a profound effect on Americans in the cities and on the farms.

Subsidies on petroleum products and fertilizers should be phased out in a defined, time-bound manner. The resources that would get freed up could then be used to fund various social sector programmes in education, healthcare and other priority sectors.

We're focusing more on the drillers and some producers. The services sector I think will follow along a little bit later Anadarko Petroleum is one of our favorites, ... This is a bit of a natural gas play. It's the one company in this sector that can increase their production should prices turn higher. Many others are limited by their ability to continue to pump out further amounts of product. I think Anadarko is vastly undervalued. To get another 30-to-50 percent out of the name over the course of the next 12-to-18 months would not surprise me at all.

There are some petroleum refineries that don't have crude and by allowing them to draw from the Strategic Petroleum Reserve they will be able to produce more gasoline.

The only way we can avoid yet higher prices is if President Bush releases supply from the Strategic Petroleum Reserve.

We heard clearly from the head of the American Petroleum Institute that expanding drilling in the Gulf will have no impact on the current price crisis,

Software is becoming the basis of the new economy, but surely that was also true of petroleum in 1912,

Simply put, the U.S. petroleum products market has become too large and too complex for the existing storage capacity base. As a result, we continue to believe that petroleum product price volatility will stay extremely high in the coming months.

My father wanted me to go into the oil business. He was in the oil and gas business as a consulting petroleum engineer up in Tulsa.

Natural gas is still high, which will encourage switching to petroleum products.

Petroleum earnings go up and down with the volatility in the openly and globally traded commodities in which we deal. ... History teaches us that punitive measures hastily crafted in reception to short-term market manipulations, will likely have unintended negative consequences including creating disincentives for investment.

On the import side, the strength is from a rebuilding of inventories from companies and a general expansion of the U.S. economy. Petroleum imports increased, adding to the import bills.

I would be keen to meet with CEOs and other top executives of U.S.-based petroleum companies during this visit. I have separately requested the USIBC (U.S.-India Business Council) to organize an event, wherein this interaction could take place.

If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.

I feel the coast is getting something rammed down the throat by the rest of the state and in particular by Haley Barbour who used to be a lobbyist for the petroleum industry.

I found diesel and gasoline and several petroleum products. Some of them were kind of 'hot' stuff -- not just ordinary products. There was a lot of stuff down there.

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.

To ensure safety, the industry has moved employees from some facilities and shut down various offshore production platforms, refineries and pipeline operations in affected areas, ... This will have an impact on petroleum product supplies. With only limited information available at this time we are unable to estimate the extent of the impact.

Having the strategic petroleum reserve, sadly, puts crude oil in the hands of refineries that can't refine it quickly enough to affect the market, ... With this gasoline and jet-fuel reserve, we can have an immediate impact on the market.

It came from a waste, it's not foreign dependency, it's not a petroleum product, and every little bit helps.

I think the drive-to travel market is still up in the air, and we won't know until Thanksgiving, ... That's the next big travel holiday in the petroleum industry. But, generally, I think the rapid escalation in the price of gasoline has slowed down demand.

Last night I approved a company's request for loan from the Strategic Petroleum Reserve,

I think a lot of people believe this is not a spike in petroleum prices that we're seeing, but probably a floor. That gives an enduring, financial incentive to develop these coal-to-liquid plants. I think we finally have all the circumstances in place.

Our Strategic Petroleum Reserve is there for a natural disaster or some other catastrophe.

Refiners don't buy crude oil to look at it. Once units are back on line we are going to see them produce a huge amount of petroleum products.

Someone mentioned $3 a gallon, and I said into a microphone, 'Be happy you have a car and a house to drive it to.' The petroleum industry needs to take a profit holiday and pay some truckers to run some gas down to these people.

It follows that U.S. energy policy must continue to target its efforts on increasing domestic production of petroleum products and natural gas supplies, and the efficient usage of these fuels while maintaining environmental progress.

I tell high school seniors not to let salary be the only factor in deciding to study petroleum engineering. The worst thing you can do is go into a career you don't like even though the salary is good.

While the decline in inflation can certainly accommodate a rate cut, we believe the bank will defer such a decision until any potential petroleum price hikes and their likely impact on inflation becomes clearer.

You almost conceptually expect that gasoline prices will be just about as volatile as petroleum and oil prices. It's hard to do the same with electricity.

We have more oil in the Strategic Petroleum Reserve than we've ever had. It's full. And using about 30 or 40 million barrels for a few months to get the prices down will not hurt us strategically,

We have always wanted to fix a meeting and this has been arranged for Friday. Shell have treated the private investor very badly indeed. There are a considerable number of private investors in Royal Dutch Petroleum who have not taken up the offer.

We have worked with refiners to help them with transportation, with numerous other logistical initiatives so that they can get more product into the market, ... I will be meeting next week with refiners, with petroleum executives, with many others -- heating oil suppliers, to ensure that we get this product reserve into the market.

understand that there is a legal framework that has to be respected, and that if they want to be exploiting petroleum in a country with one of the biggest reserves on the planet, they have to respect our laws.

We are committed to doing everything in our power to meet the immediate needs of those directly affected by Hurricane Katrina. By utilizing the resources of the Strategic Petroleum Reserve, we will help minimize any potential supply disruptions as a result of the hurricane,

We are continuing our intense scrutiny of conduct in the petroleum industry in the aftermath of Katrina.

Nobody gets beyond a petroleum economy. Not while there's petroleum there.

While petroleum oil prices are only a little higher than they've been for the last eight months, the mention of ethanol in President Bush's State of the Union address has taken the fervor to another level.

We would like to put people's minds at ease as to whether the petroleum business is responding to circumstances that are beyond its control, or if there is an element of greed in the recent price increases,

This sale ensures that refineries have the petroleum they need to keep gasoline and diesel fuel flowing to American consumers while production facilities in the gulf region regain their capacity,

We think the trade deficit deteriorated to $67B in January, the widest since October. Petroleum imports likely rose by over $1B due to higher prices - up 6.4%. In real terms, imports were probably close to unchanged. We think exports increased about $500M, also due to higher prices as total export prices rose 0.7%. Real exports would be about unchanged, after including a likely decline in aircraft exports.

We think the right way to provide relief is through tapping the strategic petroleum reserves.

This year's second-quarter results benefited from higher liquids production, increased petroleum product and chemical sales volumes, and improved downstream margins.

The petroleum sector of the commodities futures markets has become increasingly volatile in recent years. Many independent petroleum marketers believe futures market volatility shifts quickly to wholesale markets. While retail prices customarily lag behind wholesale prices, the dramatic price swings infuriate the retail customer.

The petroleum industry may be skilled at lobbying the legislature to get what they want, but they will find it quite a bit different when they try to lobby the people of Colorado, who have always stood for fairness.

The governor has no involvement one way or the other. There's been no interaction with the petroleum marketers or the state agency that regulates gasoline or with legislators.

We see it as a timely change in the petroleum group to take the company to the next level, with a concerted focus on exploration and development in the Gulf of Mexico.

The government's offer of barrels from the Strategic Petroleum Reserve has mitigated some of the upward price pressure on crude oil. The problems with gasoline and natural gas may not be helped even if the SPR is tapped. If refineries are offline and can't run the extra oil, it will make no difference.

While the government deprives workers of wage hikes, it condones the weekly oil price hikes imposed by the Big Three and new oil players. How can the government expect workers to cope with the high cost of petroleum and its domino effect on prices of other basic goods and services?

You can't blame it all on energy because the trade deficit excluding petroleum rose faster than the overall deficit. The main culprit once again continues to be that imports are growing faster than exports.

To meet our obligations as a member of the International Energy Agency, the United States will release 30 million barrels of crude oil from the Strategic Petroleum Reserve, ... We will offer the oil for bid.

This was a concealed explosive device that was left on piles of LPG (liquefied petroleum gas) tanks. This was purely to sow terror.

Under a Kerry administration we'd likely have a much more interventionist SPR (Strategic Petroleum Reserve) policy,

We will use the Strategic Petroleum Reserve if there is a severe energy-supply disruption threatening our nation's security.

We are very pleased to have someone with Mike's strong international petroleum background and deep development and operating capability leading our petroleum business.

We went through uncharted territory this past year, with twin hurricanes taking out a huge part of our petroleum industry along the Gulf Coast. That has never happened before, and it's never hit with a Labor Day holiday.

Bernie Sanders has consistently voted for high gas taxes, against a national energy policy and even voted to cut $20 million in funding for the Strategic Petroleum Reserve. If Bernie had his way we'll be like his favorite Scandinavian countries where they pay $6 a gallon for gas.

A tripartite official level meeting is now being held in Tehran March 13-15. The Indian delegation led by the petroleum secretary will be attending this meeting.

Crude oil and petroleum product inventories are robust. The numbers suggest that fears that gasoline supplies would fall through the floor as refineries performed maintenance were exaggerated. Some of the funds may be selling as they re-evaluate the value of futures as an investment.

Even drawing from our existing power plants, plug-in vehicles have the potential to cut a vehicle's petroleum consumption by three-fourths or more, can operate at as little as one-fourth the fuel cost, and reduce greenhouse gases by two-thirds. As we increasingly turn to alternative technologies to improve the fuel economy of our vehicles, we will see increasing benefits to our economy, our environment, and our national security.

There's no question that higher petroleum prices, be it diesel or gasoline or jet fuel, will have an impact on consumers. Everything we do is, for the most part, tied to petroleum products.

The United States is committed to using all of the tools at our disposal to help keep our oil and gasoline markets well supplied, ... This sale ensures that refineries have the petroleum they need to keep gasoline and diesel fuel flowing to American consumers while production facilities in the gulf region regain their capacity. As we move forward, we will continue to monitor the overall supply of petroleum available and the needs of the nation as we determine next steps.

These are turbulent times for oil markets. Prices are under pressure because the petroleum industries infrastructure is stretched thin. Most of the spare capacity of the 1980s and 1990s has disappeared, resulting in a system that has a much smaller margin for error.

The rise in oil prices was always likely to hit these numbers with a vengeance, and the petroleum deficit duly rose by $1.4 billion.

The striking thing about the petroleum industry is U.S. firms still dominate the world petroleum industry. And the U.S. firms that dominate are the remnants of the old Standard trust,

The strategic petroleum reserve is used for national supply emergencies for a really rainy day. This is a price problem. We don't want to manipulate energy markets.

So much of what contractors use is petroleum derivative stuff.

Sometimes batteries are discarded off of bridges, containers that have different household chemicals in it or oils or petroleum products, you get some of those.

Rudolph Diesel was dead long before they named that by-product of petroleum they call diesel fuel. It had nothing to do with him.

Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels.

Deferring deposits to the Strategic Petroleum Reserve is more symbol than substance.

A plug-in vehicle with even a 20-mile range could reduce petroleum fuel consumption by about 60 percent.

A new refinery is important now for the short term because we'd like to have cheaper gasoline for our transport sector and industry. We have to take advantage of Mexico's offer because we're not going to exploit our own petroleum resources. We won't put our biodiversity at risk.

The budgetary increases are a farce. If he really believed in decreasing dependence on foreign oil, he would not have pushed through an energy bill that was full of giveaways to the petroleum industry, with only marginal support to other forms of energy.

automatic scholarships to Niger Delta indigenes so as to give them higher levels of competence to enable them compete for higher level jobs in the petroleum industry.

Al Gore said he was there at the beginning of the Strategic Petroleum Reserve,

This is the biggest body blow to the petroleum supply system in history. What we're talking about is market competition in a situation where in the United States, we've lost at least 11 percent of our refining.

The upcoming IAEA vote affects the petroleum ministry more than any other ministry as it has a direct impact on energy security of the country.

Although the merger of BP and Amoco involves companies of enormous size, and there is a significant trend toward concentration in the petroleum industry, the operations of these two companies rarely overlap in a way that threatens competition.

Americans continue to buy Japanese, Korean and German cars in large numbers and more consumer goods from Asia, in addition to more expensive crude oil and refined petroleum products from abroad.

They (oil companies) have become financial engineers rather than petroleum engineers. I'd like to see them show a little more effort in the development side internally than they have lately.

The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.

There's a ripple effect through the entire economy. A lot of petroleum products are going up in costs, which could mean possible increases on furniture prices for the consumer.

At a time when global demand for petroleum products was already strong, major disruptions in the Gulf of Mexico drove oil prices and refining margins to very high levels in the third quarter,

All petroleum products are just going crazy in the last few days.

It's odd that a city the size of Houston ? one that's the petroleum capital of the world ? doesn't have a Top 50 agency.

Consumers have suffered enough from tight fuel supplies and soaring prices at the pump, while the petroleum industry continues to reap record corporate profits.

It's so under-explored it's almost unexplored...in fact some of our petroleum basins have not had a single well put in them.

Everyone knows how high prices have been and how volatile they are for petroleum products this year,

The average age of petroleum engineers is 49. It won't be very long until all our engineers, geologists and tech people are ready to retire.

The administration has been clear that the Strategic Petroleum Reserve is a national security asset that can be used to protect American consumers and our economy in the event of a major supply disruption, including natural disasters,

It's important for our people to know that we understand the situation and we're willing to use the Strategic Petroleum Reserve to mitigate any shortfall in crude oil that could affect our consumers,

It's certainly not an instantaneous process. The rate at which petroleum is forming is not going to be the solution to our petroleum supplies.

New Zealand is an remarkably under-explored country, and with hydrocarbon deposits found in all the near-shore petroleum basins there is enormous potential in its our oceans.

The two largest oil-producing countries in Latin America, Mexico and Venezuela, sold petroleum to Nicaragua at concessional rates for several years beginning in 1980. The program was curtailed because Nicaragua could not make even reduced payments.

They average about 5 miles per gallon, depending on the route and the load, they change oil about every 5,000 miles and have 18 tires which are predominantly petroleum products. When oil and diesel prices go up, there is a significant impact on the industry.

Sludge is made up a lot of different chemicals and petroleum that is used in the plant. The basic process is to let it burn and when the sludge is almost gone, then the extinguishing occurs.