A Quote by Robert Zubrin
The pro-American policy is the one that forces oil prices down. The way to do this is to flood the world market with liquid fuel from every source possible.
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The anti-American policy is the one that keeps oil prices up. The way to do that is to help OPEC limit the amount of liquid fuel available.
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.
Every barrel of oil that we produce around the world benefits Americans because it keeps prices down. We can talk more later about American energy independence, but the facts are, every barrel we produce helps Americans because it keeps prices down.
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.
The EPA could act to open the transportation-fuel market to vigorous competition from natural gas as well as coal, biomass, and trash, by legalizing methanol. This would force oil prices down, expand the economy, and create millions of jobs.
Instead of giving preference to oil imported from overseas, Washington should look to North American coal, oil shale and oil sands, all of which provide an affordable, abundant and alternative source of fuel. In addition to increasing cost effectiveness options for the government, it will also increase America's energy security.
Oil production, energy production are growing, though the latter has gone down by about 1 percent here, I believe... By the way, we occupy the first place in the world in gas export, accounting for 20 percent of the world market. We are also first in the sphere of liquid hydrocarbons export.
With only 2 percent of the world's oil reserves, oil isn't enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy. A strategy that's cleaner, cheaper, and full of new jobs.
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.
Under the current U.S. policy, because of this power struggle, American oil companies can't do business with Iran. So I think the ultimate goal of the U.S. administration in Iran is regime change, to put into power a pro-Western government that will eliminate the strategic challenge to U.S. interests and, at the same time, allow the lifting of sanctions and allowing American oil companies to do business with Iran.
Each and every day, Israel remains on the frontline along with the United States in the War on Terror and is nothing but an unabashed ally of pro-democratic and pro-American policy.
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.
If you say the world is totally dependent on oil in many parts of the world, coal and certainly natural gas, we are fossil fuel, that is modernity, modernity has two elements: individualism and oil. Now to move toward a more enlightened sustainable world, we have to transform with lots of technology, with even differences in the way we see the world and how we live in the world. That`s going to take decades.
Were the United States to pass a law requiring all cars to be methanol-capable flex-fuel vehicles, or simply repeal EPA regulations that prevent such conversions from being carried out privately, our immense natural-gas capacity could make a dramatic entrance into the liquid-fuel market.
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.
I think using waste oils as fuel makes sense. We do waste a huge amount of vegetable oil in this country and using that as a fuel source strikes me as fine.
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