A Quote by George Osborne

The rise in world oil prices has been larger than anyone forecast.

George Osborne

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Anyone Been Forecast Larger Oil Oil Price Oil Prices Prices Rise Than World

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George Osborne
British - Politician
Born: May 23, 1971

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.

James Surowiecki

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.

Robert Kiyosaki

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Peter Schiff

I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.

Ken Salazar

Satellite photography in the 1970's gave rise to the long-range weather forecast, a month at a time. This in turn gave rise to the observation that the long-range weather forecast was wrong most of the time. In turn, this gave rise to the dropping of the long-range weather forecast and to the admission that really accurate forecasting could only cover the next day or two, and not always then.

Miles Kington

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.

Michael Hudson

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.

Lucy Powell

Predicting oil prices is anyone's guess.

Soren Skou

We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.

Rodrigo Rato

Russia does not have a modern economy: it's a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can't meet payroll.

Kathleen Troia McFarland

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

Ben Bernanke

What's new is high oil prices and the economy hates high oil prices.

Richard Heinberg

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.

Salva Kiir Mayardit

There is enough oil out there for world demand. It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply.

Barack Obama

Historically, there hasn't been a significant correlation between gold prices and U.S. elections. Furthermore, history has shown that gold prices tend to fall just before U.S. elections and rise immediately after, and this goes on until the next election.

Fabrizio Moreira

Where the army is, prices are high; when prices rise the wealth of the people is exhausted.

Sun Tzu

A Quote by George Osborne

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