A Quote by James Buchan
A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.
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Oil is also essential for military operations. No other substance, no other raw material, is so vital for the prosecution of warfare, than petroleum. And the United States being the world's only global power, is totally dependent on petroleum.
Is water the next oil? Motives behind the question vary, depending on who asks the question. Those who see water as a future core commodity - therefore as profitable a prospect as oil - pose the question to create the right market conditions for water trade.
You folks been following the big British Petroleum oil spill in the Gulf of Mexico? I'm telling you, British Petroleum has put more birds in oil than Colonel Sanders.
Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.
There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.
A significant number of petroleum geologists believe that we will reach the global maximum of petroleum extraction within this decade or that we have already reached it. Peak Oil happened in 1970 in America, when over half of our oil that we gained from the soil was exhausted ... This is very disturbing, regardless of global warming.
Every type of destruction that human philosophy, human science, human reason, human art, human cunning, human force, and human brutality could bring to bear against this Book, and yet the Bible stands absolutely unshaken today. At times almost all the wise and great of the earth have been pitted against the Bible, and only an obscure few for it. Yet it has stood.
Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.
The world petroleum story is one of the most inhuman known to man: in it, elementary moral and social principles are jeered at. If powerful oil trusts no longer despoil and humiliate our country it is not because these predators have become human, but because we have won a hard-fought battle which has been going on since the beginning of the century.
Rising oil prices have focused the world's attention on the depletion of oil reserves. But the depletion of underground water resources from overpumping is a far more serious issue. Excessive pumping for irrigation to satisfy food needs today almost guarantees a decline in food production tomorrow.
Today we find ourselves faced with the imminent end of the era of cheap oil, the prospect (beyond the recent bubble) of steadily rising commodity prices, the degradation of forests, lakes and soils, conflicts over land use, water quality, fishing rights and the momentous challenge of stabilising concentrations of carbon in the global atmosphere.
Even in its darkness, it has this picturesque element. It's something about the human condition. It's not the water itself-it's humanity's relationship to water, because that’s almost a human need, that water be a positive force.
We must proceed with our own energy development. Exploitation of domestic petroleum and natural gas potentialities, along with nuclear, solar, geothermal, and non-fossil fuels is vital. We will never again permit any foreign nation to have Uncle Sam over a barrel of oil.
The strands of spaghetti were vital, almost alive in my mouth, and the olive oil was singing with flavor. It was hard to imagine that four simple ingredients [olive oil, pasta, garlic and cheese] could marry so perfectly.
I believe water will be the defining crisis of our century — from droughts, storms, and floods to degrading water quality. We'll see major conflicts over water and the proliferation of water refugees. We inhabit a water planet, and unless we protect, manage, and restore that resource, the future will be a very different place from the one we imagine today.
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