A Quote by Vladimir Putin
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.
Quote Topics
Quote Author
Related Quotes
Though we still come first in the sphere of gas export, national production has diminished due to the increasing volumes of hydrogenation for the electric power industry and therefore there is a lower need for gas at thermal power plants.
The gulf coast, we all know now, after Katrina, is responsible for 25 percent of U.S. production of natural gas. Following Katrina and Rita, almost 75 percent of the natural gas production in the gulf was shut down and not producing.
Now, the impact on export markets - we export about 10 percent of what we produce, so obviously that will probably have some impact on the market. At this point it's too early to determine how much.
First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
Oil is essential for a modern, industrial society. It's unique, first of all, because it's the primary source, at 40 percent, of the world's entire supply of energy, and it's irreplaceable in the transportation field; it provides 98 percent of world transportation energy.
Iran's economy is now shrinking by 1 percent a year. Its oil production is down 40 percent.
When we export energy, we export American influence overseas. As I travel around the world, I know that there are people that want to buy energy from America.
Prominent exploration experts have recently predicted that total world production of liquid oil will peak by about the end of this decade-or a few years later if production does not rise much-and will decline thereafter.
There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that market.
Here's what peak oil is - it's not running out. It's that you no longer can produce more, and more, and more, year after year. World oil production has been going up about 1.8-2 percent per annum for decades. And that's what the world economy got attuned to.
Economists often talk about the 80/20 Principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. In most societies, 20 percent of criminals commit 80 percent of crimes. Twenty percent of motorists cause 80 percent of all accidents. Twenty percent of beer drinkers drink 80 percent of all beer. When it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.
We must recognise that in a globalised world, we cannot remain insulated from external developments. India's trade performance in the current year has been robust, surpassing pre-crisis export levels and pre-crisis export growth trends. We have diversified our export baskets and our export destinations.
Bitumen is junk energy. A joule, or unit of energy, invested in extracting and processing bitumen returns only four to six joules in the form of crude oil. In contrast, conventional oil production in North America returns about 15 joules. Because almost all of the input energy in tar sands production comes from fossil fuels, the process generates significantly more carbon dioxide than conventional oil production.
80 percent of the export of armament in the world comes from the G8 countries. [The] United States alone exports about 50 percent of the world's armament, [for] which, of course, there has to be buyers, and the buyers are very terribly keen, very often military dictator[s] or sometimes not military dictator[s] but for military purposes. But the sellers are also promoting this trade. And two thirds of the arm exports go to developing countries. I'm in favor of putting a control on it, a ban on it.
If you wanna maintain 20 percent of the world's income with 4 percent of the world's people, you gotta first of all have more shared prosperity and shared growth.
Globalization, which attempts to amalgamate every local, regional, and national economy into a single world system, requires homogenizing locally adapted forms of agriculture, replacing them with an industrial system-centrally managed, pesticide-intensive, one-crop production for export-designed to deliver a narrow range of transportable foods to the world market.
Related Authors
Abraham Lincoln Quotes
American
President
Barack Obama Quotes
American
President
Donald Trump Quotes
American
President
Dwight D. Eisenhower Quotes
American
President
Franklin D. Roosevelt Quotes
American
President
George W. Bush Quotes
American
President
George Washington Quotes
American
President
James Madison Quotes
American
President
Joe Biden Quotes
American
President
John F. Kennedy Quotes
American
President
Mike Pence Quotes
American
President
Ronald Reagan Quotes
American
President
Theodore Roosevelt Quotes
American
President
Thomas Jefferson Quotes
American
President
William J. Clinton Quotes
American
President
Woodrow Wilson Quotes
American
President