A Quote by Tahl Raz

Oil wells never really run dry. A big company will drain maybe 40% of a field. Pulling out the rest of the oil, which requires an outlay of incrementally more cash per barrel, often proves uneconomical for big companies with big overheads.

Tahl Raz

Quote Topics

Barrel Big Big Companies Big Company Cash Companies Company Drain Dry Field Maybe More Never Often Oil Out Per Proves Pulling Really Requires Rest Run Wells Which Will

Quote Author

Tahl Raz
American - Journalist

Indeed one streak in our economy, we're missing the big oil companies. We're missing other big energy companies. We're missing the big picture, and I have a record of trying to go at the problems that actually exist, and I will continue to do that.

Hillary Clinton

I'm a professional geologist, an explorationist for oil. That's what I've done in my career, one that's culminated in - at least to this point - playing a part in finding the largest field in the last 40 years anywhere in the world. That's the Bakken field, which I believe will yield 24 billion barrels of oil in the decades to come, maybe more.

Harold Hamm

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.

James Buchan

Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.

Charlie Munger

We all say data is the next white oil. [Owning the oil field is not as important as owning the refinery because what will make the big money is in refining the oil. Same goes with data, and making sure you extract the real value out of the data.]

Maurice Levy

The oil areas have a big problem digesting the oil. There's too much money, and the people don't know what to do with it. I'm finding all the time that we have more industries and more success stories which are not involved with oil.

Stef Wertheimer

I think in the end, you know, we're just addicted to oil. We've got to overcome that addiction, and we need some serious accountability of big oil, because big oil, like so much of big businesses, has just colonized our government, colonized the regulatory agencies so we can't impose any kind of accountability on them.

Cornel West

Most companies aim to get bigger. But beyond a certain point, bigness becomes synonymous with badness. Think of Big Pharma, Big Auto, Big Oil. Worse, if you are regularly described as one of the Big Four, Five, or Six in any business sector, you are probably already in the sights of regulators and lawmakers.

Andrew Hill

I'll oil wells love you. I'll oil wells care. I'll oil wells need you. I want you oil wells dear.

Dolly Parton

But they are not going to take on Big Oil because Big Oil is very generous at campaign time, and this is all about the elections. They want to pretend that they are doing something meaningful.

Peter DeFazio

So when you go up against the Far Right you go up against the big financial special interests like the Halliburtons of the world, the big oil companies, the big energy companies who work so hard to rip us off.

Barbara Boxer

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.

Bill McKibben

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

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.

Peter Coyote

Big oil, big steel, big agriculture avoid the open marketplace. Big corporations fix prices among themselves and thus drive out of business the small entrepreneur. Also, in their conglomerate form, the huge corporations have begun to challenge the very legitimacy of the state.

Gore Vidal

I can't wait for the oil wells to run dry, for the last gob of black, sticky muck to come oozing out of some remote well. Then the glory of sail will return.

Tristan Jones

A Quote by Tahl Raz

Quote Topics

Quote Author

Related Quotes

Related Authors