A Quote by Thomas Friedman

Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.

Thomas Friedman

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About Affect Because Big China Closure Commodity Consumers Could Crazy Demand East Economy Europe Example Fact Fighting Get Global Global Economy Global Market India Just Led Less Market May Middle Middle East Need Oil Out Price Quarter Suddenly Take Tangible Then Through Too Us Use Well Whole Will Would

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Thomas Friedman
American - Journalist
Born: July 20, 1953

If you squeeze and squeeze, and you don't allow the Iranians to sell any oil, then what do they have to lose by shutting the Strait of Hormuz down? And if they do that, that's 35% of all the world's oil that comes through the strait and 20% of the liquefied natural gas in the world.

Steve Hanke

Climate change and energy use are global problems - News Corp is a global company. Our operations affect the environment all over the world.

Rupert Murdoch

I'm not a politician, but ISIS is a problem, and this matter should be solved very quickly. This will affect existing production, it will affect investment, it will affect the behaviour of people. It will affect the area tremendously.

Abdallah Salem el-Badri

Disruption to the flow of oil through the Straits of Hormuz would threaten regional and global economic growth. Any attempt by Iran to close the Straits would be illegal and unsuccessful.

Philip Hammond

You cannot just depend on the market, because the market will say: China needs oil; China needs coal; China needs whatever, and Africa has got all these things in abundance. And we go there and get them, and the more we develop the Chinese economy, the larger the manufacturing is, the more we need global markets - sell it to the Africans which indeed might very well destroy whatever infant industries are trying to develop on the continent. That is what the market would do.

Thabo Mbeki

The Strait of Hormuz is an international waterway, and it is not helpful for any nation to suggest that it would attempt to restrict traffic through the strait.

John C. Stennis

Global warming may be a 'crisis,' even 'the most pressing environmental problem of our time.' ... Indeed, it may ultimately affect nearly everyone on the planet in some potentially adverse way, and it may be that governments have done too little to address it. It is not a problem, however, that has escaped the attention of policymakers in the Executive and Legislative Branches of our Government, who continue to consider regulatory, legislative, and treaty-based means of addressing global climate change.

John Roberts

With the United States in slow long-term decline, how will that affect the position of English? And where will all that leave monolingual Britain? Our political leaders like to boast about how global Britain is, but when it comes to languages, it is near the bottom of the global league, together with another island state, Japan.

Martin Jacques

In India, we have the global services HQ, R&D centres, global network operating centres, global manufacturing, and product management - India is not just a market but a country we use for extended NSN.

Rajeev Suri

Thousands of climate scientists agree that global warming is not only the most threatening environmental problem but also one of the greatest challenges facing all of humanity. We must demand a separation between oil and state. We can get off oil and slow global warming.

Leonardo DiCaprio

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

Adi Godrej

The decision-making process in the White House does not let most issues get up to the President. The Council thought opening up global markets to derivatives that would destabilize other countries wasn't likely to create a lot of jobs in the U.S. and might adversely affect U.S. interests by causing global economic instability.

Joseph Stiglitz

An intensification of trade or geopolitical tensions - with negative repercussions for global growth and risk appetite - could affect economies that are highly dependent on foreign demand or external financing.

Gita Gopinath

In a global world, what happens within one country can all too easily affect others.

Richard N. Haass

The different policies reduce damages by only a modest amount. Indeed, one of the surprises is how little the policies affect the damages from global warming. The reasons are that, because there is so much inertia in the climate system and because the Protocol reduced the global temperature increase by only a fraction of a degree over the next century.

Henry Sylvester Jacoby

Then there is another area of activity - economic interaction between Russia and the United States. Right now, for example, it has already been made public that we signed a large deal to privatise one of our biggest oil and gas companies, Rosneft. We know for sure that US companies, as well as Japanese ones, by the way, are keenly interested in cooperation in Russia's oil and gas sector, in joint work. This has immense significance for world energy markets and will directly affect the whole world economy.

Vladimir Putin

A Quote by Thomas Friedman

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