A Quote by Donald Trump

When oil goes over $40 a barrel it's almost impossible for America to do well. — © Donald Trump
When oil goes over $40 a barrel it's almost impossible for America to do well.
You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.
You could pay a fair market price for a barrel of oil and cut 50 cents a barrel or a dollar barrel off what you're going to pay Mexico and use that money and put it towards to the building a wall. If they don't like it, too bad we're go buy the oil.
Every barrel of oil that comes out of those sands in Canada is a barrel of oil that we don't have to buy from a foreign source.
Well, the common enemy in North America is the Western consumer. The consumer has driven oil up to $50 a barrel so we have to have these wars. I think it's incumbent upon us to.
Oil prices jumped to well over $100 a barrel, and analysts say it's due to tension in the Middle East. So, luckily, it's just a temporary thing.
Oil wells never really run dry. A big company will drain maybe 40% of a field. Pulling out the rest of the oil, which requires an outlay of incrementally more cash per barrel, often proves uneconomical for big companies with big overheads.
The first pork-barrel bill that crosses my desk, I'm going to veto it and make the authors of those pork-barrel items famous all over America.
I stick to stuff I'm pretty sure of and I know this: when the price of a barrel of oil is under $80 a barrel and you build a pipeline, you are driving up greenhouse gases.
It's almost impossible to have security at the expense of insecurity of others. It's almost impossible to have prosperity when there is a huge problem of poverty and backwardness all over the world.
Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.
So long as oil is used as a source of energy, when the energy cost of recovering a barrel of oil becomes greater than the energy content of the oil, production will cease no matter what the monetary price may be.
Wake up, America. The insurance companies took over health care. Wake up, America. The pharmaceutical companies took over drug pricing. Wake up, America. The speculators took over Wall Street. Wake up, America. They want to take your Social Security. Wake up, America. Multinational corporations took over our trade policies, factories are closing, good paying jobs lost. Wake up, America. We went into Iraq for oil.
In addition, each barrel of oil we save through conservation further decreases our dangerous reliance on unstable Middle East oil.
The new discovery of a 3.3 billion barrel oil deposit off Norway's coast cements that nation's claim to being Europe's second largest oil producer.
If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.
Yet, if we accept the solution offered today by this bill to explore and develop for oil on the coastal plain of ANWR, it will be 5 years, at least, and probably closer to 8 before the first barrel of oil flows from that effort.
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