A Quote by Dick Cheney
Let us rid ourselves of the fiction that low oil prices are somehow good for the United States.
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High prices can be the result of speculation, and maybe plunging prices can be attributed to the end of speculation, but low prices over time aren't caused by speculation. That's oversupply, mainly by Saudi Arabia flooding the market with low-priced oil to discourage rival oil producers, whether it's Russian oil or American fracking.
Lower oil prices won't, by themselves, topple the mullahs in Iran. But it's significant that, historically, when oil prices have been low, Iranian reformers have been ascendant and radicals relatively subdued, and vice versa when prices have been high.
It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.
But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.
The United States is the biggest spender of oil and of all the planet resources. Oil is a very valuable resource for life - electric heaters. We must have to transition ourselves to a post-oil era.
Even if we were to sign peace today, the economic conditions in our country would not improve automatically because it will take some time to reach the level of oil production before the war and the oil prices are likely to remain low for some time as the supply of oil in the world is high and demand is low.
In every country except - industrial country except the United States, the government uses its massive purchasing power to negotiate drug prices. That's one of the reasons prices are so much higher in the United States than in other countries.
Low oil prices played a part in a major move by Congress voting to end the 40-year-old ban on exporting American crude oil.
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 problem is not the oil, but what they do with the oil. The United States is the biggest spender of oil and of all the planet resources.
If you opened up every single potential drilling opportunity in the United States, it would have the effect of lowering gas prices three cents, maybe. And that's because, of course, oil is traded on a global market.
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.
We tie ourselves in knots when we act as if democracy is good for the United States and Israel but not for the Arab world. For far too long, we've treated the Arab world as just an oil field.
By June 1974, Treasury Secretary George Shultz was already suggesting that rising oil prices could result in a 'highly advantageous mutual bargain' between the United States and petroleum-producing countries in the Middle East.
Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.
It is well known that homosexuality is a criminal offense in the United States, in four US states. If it is good or bad, we know the decision of the Constitutional Court, but this problem has not been dealt with yet, it is still being addressed by the legislation of the United States. This is not the case in Russia.
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