A Quote by Ronald Reagan
I've said it before and I'll say it again. The U.S. Geological Survey has told me that the proven potential for oil in Alaska alone is greater than the proven reserves in Saudi Arabia.
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But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.
Colorado's collective shale deposits contain somewhere in the neighborhood of 1 trillion barrels of oil. That's almost as much as the entire world's proven oil reserves!
You know, in Saudi Arabia, you're innocent until proven Jewish. Female. Guilty! They're guilty!
According to one study by the United States Geological survey, 86 percent of oil reserves in the United States are the result not of what is estimated at the time of discovery but of the revisions and additions that come with further development.
So, I think even in Saudi Arabia there is movement. And we have to remember that over the years they've stabilized the oil price and that is tremendously important for the economies of the world. I think we have no choice but to work with the government of Saudi Arabia.
Saudi Arabia is, of course, the keystone of OPEC. Saudi Arabia has had the distinction of remaining stable through all the escalating tumult of recent decades, reliably pumping out its roughly 10 million barrels a day like Bossy the cow in America's oil import barn.
Regardless of how you feel about peak oil or global warming, the increased use of natural gas is a positive thing because it is being found at a rate that is faster than that of new oil reserves, it is relatively abundant, and our reserves are longer lived than our oil reserves... It does not get the kind of attention it deserves.
With only 2 percent of the world's proven reserves of oil, we in the United States can pump until we are blue in the face and it will not change the fact that we need more diverse and more secure sources of energy.
The big risk in Saudi Arabia is that Ghawar's rate of decline increases to an alarming point. That will set bells ringing all over the oil world because Ghawar underpins Saudi output and Saudi undergirds worldwide production.
If there is something in nature you don't understand, odds are it makes sense in a deeper way that is beyond your understanding. So there is a logic to natural things that is much superior to our own. Just as there is a dichotomy in law: 'innocent until proven guilty' as opposed to 'guilty until proven innocent', let me express my rule as follows: what Mother Nature does is rigorous until proven otherwise; what humans and science do is flawed until proven otherwise.
Americans want to democratise us. OK, but why not go and democratise Saudi Arabia. Are we anything like Saudi Arabia? No, we are far from that. So why aren't they democratising Saudi Arabia? Because they are bastards, but they are their bastards.
Gas prices in many parts of the country are nearing $4 a gallon; it could get even worse as unrest spreads throughout the oil-exporting Middle East. Yet the Obama administration once again seems to see no crisis. It has curtailed new leases for offshore oil exploration for seven years and exempted thousands of acres in the West from new drilling. It will not reconsider opening up small areas of Alaska with known large oil reserves.
I have proven people wrong so many times. I was told when I was younger there is no chance I will make the top 100, top 50, top 30. Every time I have proven them wrong. It's kind of nice.
India has large proven reserves of gas that remain unexploited.
Traditionally, all the kings of Saudi Arabia have been sons of the founder of Saudi Arabia, and they've gone from one son to the next.
If you ask a Saudi Imam why women in Saudi Arabia can't drive, he'll say, 'Because Islam demands it.' But that's absurd, because - first of all - Islam demands no such thing; and secondly, the only country in the world in which women can't drive is Saudi Arabia. The inability to understand the difference between a cultural practice and religious belief is shocking among self-described intellectuals.
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