A Quote by Porter Stansberry
Measuring the oil industry in dollars gives you a very warped view. Pick a sound currency such as Swiss francs or gold grams and look at the oil business through that lens.
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One lesson I got from Gandhi, 'Be the change you want to see,' haunts me. I just feel like I can't keep stomping around pointing the finger at BP when I am supporting the oil industry with my very own dollars and actions by buying their products, helping to pay their mortgage - plastic is from oil... polyester, shower curtains.
Government experts have estimated that ANWR reserves would only provide enough oil for six months of U.S. oil consumption. In addition, the oil industry itself has estimated that it would take 10 years to bring this oil to the market.
It was very interesting to me that when Louisiana was destroyed in that flood the fundamentalists were very quick to say, it's the punishment of God on a sinful city. Now that the oil industry has been so hard hit in Galveston, are they up on their pulpits saying, God is punishing the oil industry? No, no, no!
It's like pouring oil from one glass to another down a line - in the end, you don't have any oil left; it is all stuck to the inside of the glasses. This way, 1,000 dollars become 100 dollars by the time it reaches the people. Whereas if we get 10 dollars, we add our effort to it and the money multiplies.
The oil industry is a stunning example of how science, technology, and mass production can divert an entire group of companies from their main task. ... No oil company gets as excited about the customers in its own backyard as about the oil in the Sahara Desert. ... But the truth is, it seems to me, that the industry begins with the needs of the customer for its products. From that primal position its definition moves steadily back stream to areas of progressively lesser importance until it finally comes to rest at the search for oil.
Brazil does not want to become an exporter of crude oil. No. We want to be a country that exports oil byproducts - more gasoline, high-quality oil - and to strengthen the petrochemical industry.
I've been saying for a long time, and I think you'll agree, because I said it to you once, had we taken the oil - and we should have taken the oil - ISIS would not have been able to form either, because the oil was their primary source of income. And now they have the oil all over the place, including the oil - a lot of the oil in Libya, which was another one of her disasters.
Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.
The United States is the biggest spender of oil and of all the planet resources. Oil is a very valuable resource for life - electric heaters. We must have to transition ourselves to a post-oil era.
In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.
A key impact of recent events was a very persistent, if not permanent shock in the oil supply. This was caused as the oil industry hit geological boundaries, which meant that it could no longer maintain the historic growth rates in petroleum extraction.
Scientists had said, "If you keep burning coal and gas and oil, you will melt the Arctic." And then the Arctic melted just as they had predicted. Did Shell Oil look at the melt and say, "Huh, maybe we should go into the solar-panel business instead?" No, Shell Oil looked at that and said, "Oh, well, now that it's melted it will be easier to drill for more oil up there." That's enough to make you doubt about the big brain being a good adaptation.
It's to paint directly on the canvas without any funny business, as it were, and I use almost pure turpentine to start with, adding oil as I go along until the medium becomes pure oil. I use as little oil as I can possibly help, and that's my method.
It's important to understand that oil and renewables do different things. Wind and solar are for power generation, so they don't replace oil. About 70% of all oil produced is used for transportation fuel. Renewables are good projects, but they don't get us off of foreign oil.
It [the pharmaceutical industry] is the most profitable industry in the world, and partially funds the US government. It surpasses oil in terms of profits and my country recently went to war due to oil pricing. What does that say they will do to keep this other industry in tact? It is up to patients and their families to question what they are being given, and to consumers to demand better, more natural alternatives.
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.
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