A Quote by James Surowiecki

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

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James Surowiecki
American - Journalist
Born: April 30, 1967

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

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

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

Richard Heinberg

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

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

The significant collapse of oil prices shows that it was previously way too high.

Wolfgang Schauble

You can't tell me you can make any system or country work with low wages and high prices, and high wages with high prices don't mean anything when the prices eat up the wages and don't leave anything over.

Henry Ford

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

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

Adi Godrej

Low oil prices played a part in a major move by Congress voting to end the 40-year-old ban on exporting American crude oil.

Ari Shapiro

This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life."

Jon Stewart

Exporting oil would not drive up prices at the pump. American drivers buy refined products, which the U.S. already exports. Many studies - from a range of institutions and government agencies, including the Congressional Budget Office and the Energy Information Administration - have shown that lifting the export ban could actually lower gas prices.

Harold Hamm

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

George Osborne

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.

Rex Tillerson

In the U.S., PC-makers have no incentive to lower prices because it kills their profit margins. They keep adding new features like high-end retina displays and faster processors to justify their high prices.

Vivek Wadhwa

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

A Quote by James Surowiecki

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