A Quote by Major Owens

Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.

Major Owens

Quote Topics

Companies Consumers Continue Even Fall Faster Gas Gas Prices Gasoline Oil Oil Companies Only Price Prices Profits Pump Rises Sure The Only Thing Thing Will

Quote Author

Major Owens
American - Politician
June 28, 1936 - October 21, 2013

As gas prices continue to drop, 28 states are now selling regular gasoline for less than $2 a gallon. It's getting cheaper to pump two gallons of gas outside the station than it is to pump two squirts of nacho cheese inside.

Jimmy Fallon

Like the vast majority of my constituents, I continue to be concerned about record profits reported by petroleum companies at a time when consumers are paying record high prices for gasoline.

Mike Rogers

I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.

T. Boone Pickens

The one thing people seem to forget is the more oil we have, the lower the price and the lower the profits the oil companies make.

David Pratt

I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.

Vladimir Putin

Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.

Ida Tarbell

The profits of oil, coal, and natural gas companies will have to yield to the imperative of sustaining life on earth.

Robert Pollin

The oil companies are really making a very lucrative amount of profit from the high price of oil. I don't that they're very keen to reduce the price of oil. The consumers are those who are the victims so I think that the producers, the governments, some of them, they're enjoying the high revenue that they get.

Ahmed Zaki Yamani

Say that Congress legislates gasoline price controls that sets a maximum price of $1 a gallon. As sure as night follows day, there'd be long lines and gasoline shortages, just as there were in the 1970s. For the average consumer, a $1.60 a gallon selling price and no waiting lines is a darn sight cheaper than a controlled $1 a gallon price plus searching for a gasoline station that has gas and then waiting in line. If your average purchase is 10 gallons, and if an hour or so of your time is worth more that $6, the $1.60 a gallon free market price is cheaper.

Walter E. Williams

In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.

James Surowiecki

I believe we will see a biofuels resurgence. While gas prices skyrocket and we continue to wage wars for oil, while spills, fracking, tar sands and the oil madness of our empire continue, people are waking up and realizing that you can't be against petroleum and against fuels that come from nature.

Josh Tickell

What oil companies don't want you to know is that refineries use a huge amount of electricity in refining gasoline. And that's usually not even figured into reports about gas cars' overall energy use.

Chris Paine

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

High gas prices are eating away at consumers disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel.

Major Owens

The way to bring gas prices down is to end our dependence on oil and use the renewable sources that can give us the equivalent of $1 per gallon gasoline.