A Quote by 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.
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The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.
The Stone Age did not end because humans ran out of stones. It ended because it was time for a re-think about how we live.
As the saying goes, the Stone Age did not end because we ran out of stones; we transitioned to better solutions. The same opportunity lies before us with energy efficiency and clean energy.
You know, the world’s not running out of oil. There’s all kinds of oil left in all kinds of places. …We’re never going to run out of oil. But what the world is going to run out of, indeed, what the world has already run out of, is the oil you can afford to burn.
I've been saying for a long time, and I think you'll agree, because I said it to you once, had we taken the oil - and we should have taken the oil - ISIS would not have been able to form either, because the oil was their primary source of income. And now they have the oil all over the place, including the oil - a lot of the oil in Libya, which was another one of her disasters.
There's a huge misconception that it's all about the oil, and the truth is there's actually not much oil left in Abyei. The misperception arose because when the peace agreement was signed in 2005, Abyei accounted for a quarter of Sudan's oil production. Since then, the Permanent Court of Arbitration in The Hague defined major oil fields to lie outside Abyei. They're in the north now, not even up for grabs, and they account for one percent of the oil in Sudan. The idea that it's "oil-rich Abyei" is out of date.
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.
All my life I have been hearing that the oil was going to run out. It never happens. They keep discovering new oil fields. The world is apparently floating in oil fields.
The world will soon start to run out of conventionally produced, cheap oil…. We [will] start to run out of all fossil fuels by the end of this century.
You see this in the oil industry time and time again. Fears that we've found the last oil, that we're going to run out, pop up constantly. And soon afterward, because the price goes up, huge new reservoirs are discovered.
I think in the end, you know, we're just addicted to oil. We've got to overcome that addiction, and we need some serious accountability of big oil, because big oil, like so much of big businesses, has just colonized our government, colonized the regulatory agencies so we can't impose any kind of accountability on them.
There'll be years of teething problems searching for alternatives to oil, but they have to be embraced with passion because our oil is finite, and we're running out. Fact.
We all say data is the next white oil. [Owning the oil field is not as important as owning the refinery because what will make the big money is in refining the oil. Same goes with data, and making sure you extract the real value out of the data.]
Fossil fuels, including oil, are running out and supplies are getting harder to find. If we do nothing, prices will continue to rise and our reliance on oil will come to an abrupt and tumultuous end, causing global economic and social turmoil.
Goldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil. So the banks have aggressively been buying oil on their balance sheets. I think they might see this as a way to bail themselves out of this mortgage crisis.
We have had the stone age; we have had the iron age; and now we have the sky age, and the sky telegraph, and sky men, and sky cities. Mountains of stone are built out of men's visions. Towers and skyscrapers swing up out of their wills and up out of their hearts.
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