A Quote by Frederick W. Smith

There is no free market for oil. It's controlled by a cartel, OPEC.

Frederick W. Smith

Quote Topics

Controlled Free Free Market Market Oil OPEC

Quote Author

Frederick W. Smith
American - Businessman
Born: August 11, 1944

We no longer have a free market in the United States, we have a government controlled free market.

Jim Bunning

Our higher education system is controlled by what amounts to a cartel of existing colleges and universities, which use their power over the accreditation process to block innovative, low-cost competitors from entering the market.

Marco Rubio

The Christians had a better chance against the lions than the American consumer has against the OPEC cartel.

Ed Markey

The Christians had a better chance against the lions than the American consumer has against the OPEC cartel

Ed Markey

Secondly, as a result of this political favoritism, the FDA has become a primary factor in that formula whereby cartel-oriented companies in the food and drug industry are able to use the police powers of government to harass or destroy their free-market competitors.

G. Edward Griffin

In the U.S. I think there are really two reasons we should pursue energy policy. One is climate change, and the second is this notion that the oil market is cartel-ized by people, some of whom are friendly, some of whom are not, some of whom are in a more ambivalent position to us.

Brad Carson

There is no free market in oil.

Peter DeFazio

There is no free market for oil.

T. Boone Pickens

The scarce water of Dune is an exact analog of oil scarcity. CHOAM is OPEC.

Frank Herbert

Controlled Middle East oil, it would control the world. This oil represents 65 percent of world oil reserves. Therefore, America believes if it squashed Iraq, it would control the oil of the Middle East and consequently hold the oil in its hands [and] fix its price the way it likes.

Saddam Hussein

For decades, our dependence on OPEC oil has dictated our national security decisions and tied us up in the Middle East at an incredible price. We've spent more than $5 trillion and thousands of American soldiers have died securing Middle East oil.

T. Boone Pickens

Government, not the oil industry, is the biggest 'profiteer' from oil. And it uses the tax revenue to expand its own authority at the expense of the individual, as it does with an endless number of other industries - including electric power, coal, lumber, pharmaceuticals, automobiles, aircraft, and agriculture. The Statist's intrusion to the free market is boundless.

Mark Levin

My father always said 'There's no free lunch.' My father was right. There's no free lunch and there's no free market. The market is rigged, the market is always rigged, and the rigging is in favour of the people who run the market. That's what the market is. It's a bent casino. The house always wins.

David Hare

Government experts have estimated that ANWR reserves would only provide enough oil for six months of U.S. oil consumption. In addition, the oil industry itself has estimated that it would take 10 years to bring this oil to the market.

Allyson Schwartz

OPEC has got a monopoly. If you try and get a lobbyist in Washington to go against OPEC, they'll say, 'Oh, this is great. Donald Trump wants me to be a lobbyist,' and then they'll go check and say, 'Oh, I'm sorry, Mr. Trump, we can't represent you. We represent OPEC or one of the 12 nations.'