Top 8 Quotes & Sayings by Ahmed Zaki Yamani

Explore popular quotes and sayings by a Saudi Arabian politician Ahmed Zaki Yamani.

Last updated on November 8, 2024.

Ahmed Zaki Yamani was a Saudi Arabian politician who served as Minister of Petroleum and Mineral Resources from 1962 to 1986, and a minister in the Organization of the Petroleum Exporting Countries (OPEC) for 25 years. With degrees from institutions including New York University School of Law, Harvard Law School, and a doctorate from the University of Exeter, Yamani became a close adviser to the Saudi government in 1958 and then became oil minister in 1962. He is known for his role during the 1973 oil embargo, when he spurred OPEC to quadruple the price of crude oil.

Saudi Arabian - Politician | Born: June 30, 1930

Source: Wikipedia

I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.

Ahmed Zaki Yamani

The first law of economics is that when the price goes up, consumption comes down. This is a divine law.

Ahmed Zaki Yamani

I think the main problem we have is the pricing of oil as it is now. I think it's wrong. It does not reflect the fundamentals of supply/demand.

Ahmed Zaki Yamani

The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.

Ahmed Zaki Yamani

A small group of people, they raise the price of oil and the whole world will suffer from this.

Ahmed Zaki Yamani

The Stone Age didn't end because we ran out of stones, and the age of oil won’t end because we run out of oil.

Ahmed Zaki Yamani

The oil companies are really making a very lucrative amount of profit from the high price of oil. I don't that they're very keen to reduce the price of oil. The consumers are those who are the victims so I think that the producers, the governments, some of them, they're enjoying the high revenue that they get.

Ahmed Zaki Yamani

Every day we hear about a new invention here and there and they are reducing considerably their consumption of oil. But the day they use hydrogen for transportation, this is the day that oil disappears.

Ahmed Zaki Yamani

Top 8 Quotes & Sayings by Ahmed Zaki Yamani

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