A Quote by Edwin Soeryadjaya
We are still looking for opportunities in plantation, in palm oil. When it is bad, you want to buy because, in the long term, I am confident that plantation is a good bet. To me, it is always in demand; there is no substitute yet for palm oil.
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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.
Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.
If Mr. Ware does not want republican laborers on his plantation, let him pay them in full for the time contracted for, and they will leave his plantation at once.
We have to convince people that the handouts - just taking a few little handouts, where you have a subsistent living, where you never grow, just get a little check and a few food stamps, it will keep you on the plantation for the rest of your life, that's not a life. That's not living. It is not good enough. It is not acceptable. We have to educate our people that that is no longer good. You have to get off the plantation, off the government plantation.
I was a very ziddi kid. One Diwali, I was hell-bent on lighting an anaar on my palm, and it burst on my palm! It is not a great memory but I still remember that.
At night, I'll do coconut oil or almond oil on my face as a mask to replenish my skin. I've found those are so simple but work better than any other product. Coconut oil is so good, but if you don't want to smell like a cookie, sweet almond oil isn't as pungent.
Oil remains fundamentally a government business. While many regions of the world offer great oil opportunities, the Middle East with two-thirds of the world's oil and the lowest cost, is still where the prize ultimately lies, even though companies are anxious for greater access there, progress continues to be slow.
Among the Igbo the art of conversation is regarded very highly, and proverbs are the palm-oil with which words are eaten.
I come from that earlier time in America when palm pilot was a nickname you recieved upon entering puberty! I was more than a palm pilot I was the palm Chuck Jager. Tom Wolfe wrote a book about me called The Right Hand Stuff. I was the only guy in my class hip enough to move to the European grip.
Almost all of the demand for oil that suddenly pushed prices up was speculative demand. People began to speculate not only in stocks and bonds and real estate, but also in commodities. The market went up for old tankers, which were used simply to store oil in. A lot of the oil was simply being stored for trading, not used.
There is a tremendous amount of oil in Iraq and it's still very, very cheap due to all the political uncertainty. So if you want to be a serious oil investor, I would say get yourself to Iraq in person and look around to find great opportunities.
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.
I grew up on what everybody called a plantation - but believe me, it wasn't a plantation. It was just an old farm. I grew up with a lot of black people working in the fields, and it was during the Depression between 1930 and the war, so we were all poor - black and white.
I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.
I always go for the craft first because, to me, that's like an oil well - you either hit the oil or you don't.
It's important to understand that oil and renewables do different things. Wind and solar are for power generation, so they don't replace oil. About 70% of all oil produced is used for transportation fuel. Renewables are good projects, but they don't get us off of foreign oil.
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