A Quote by Jeff Rubin
You know, the world’s not running out of oil. There’s all kinds of oil left in all kinds of places. …We’re never going to run out of oil. But what the world is going to run out of, indeed, what the world has already run out of, is the oil you can afford to burn.
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All my life I have been hearing that the oil was going to run out. It never happens. They keep discovering new oil fields. The world is apparently floating in oil fields.
We are on the brink of a new energy order. Over the next few decades, our reserves of oil will start to run out and it is imperative that governments in both producing and consuming nations prepare now for that time. We should not cling to crude down to the last drop – we should leave oil before it leaves us. That means new approaches must be found soon..... The really important thing is that even though we are not yet running out of oil, we are running out of time.
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 basically don't think that the way we do things is that dependent on one resource, such as oil. There can be different kinds of engines for cars. I think that solar heating, wind heating can substitute for a lot of uses for oil. I'd like to see those things happen because they are more sustainable in any case. But I do not think that running out of oil is not going to bother us that much. I think we have got to be rescued by something or we really are going down a slippery slope.
Here's what peak oil is - it's not running out. It's that you no longer can produce more, and more, and more, year after year. World oil production has been going up about 1.8-2 percent per annum for decades. And that's what the world economy got attuned to.
The world will soon start to run out of conventionally produced, cheap oil…. We [will] start to run out of all fossil fuels by the end of this century.
You see this in the oil industry time and time again. Fears that we've found the last oil, that we're going to run out, pop up constantly. And soon afterward, because the price goes up, huge new reservoirs are discovered.
There's a huge misconception that it's all about the oil, and the truth is there's actually not much oil left in Abyei. The misperception arose because when the peace agreement was signed in 2005, Abyei accounted for a quarter of Sudan's oil production. Since then, the Permanent Court of Arbitration in The Hague defined major oil fields to lie outside Abyei. They're in the north now, not even up for grabs, and they account for one percent of the oil in Sudan. The idea that it's "oil-rich Abyei" is out of date.
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.
In 1972, Texaco Oil Company, in partnership with PetroEcuador, the state-run oil company of Ecuador, began to drill for oil in the jungles of the Ecuadorian Amazon.
Venezuela has the biggest oil reserves in the world. And the biggest gas reserves in this hemisphere, the eighth in the world. Venezuela was a U.S. oil colony. All of our oil was going up to the north, and the gas was being used by the U.S. and not by us. Now we are diversifying. Our oil is helping the poor.
The problem ... is that we have run out of dinosaurs to form oil with. Scientists working for the Department of Energy have tried to form oil using other animals; they've piled thousands of tons of sand and Middle Eastern countries on top of cows, raccoons, haddock, laboratory rats, etc., but so far all they have managed to do is run up an enormous bulldozer-rental bill and anger a lot of Middle Eastern persons. None of the animals turned into oil, although most of the laboratory rats developed cancer.
Love is not a possession but a growth. The heart is a lamp with just oil enough to burn for an hour, and if there be no oil to put in again its light will go out. God's grace is the oil that fills the lamp of love.
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 best business in the world is a well run oil company. The second best business in the world is a badly run oil company.
Civilization is in no immediate danger of running out of energy or even just out of oil. But we are running out of environment-that is, out of the capacity of the environment to absorb energy's impacts without risk of intolerable disruption-and our heavy dependence on oil in particular entails not only environmental but also economic and political liabilities.
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