A Quote by Wilbur Ross

Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel. — © Wilbur Ross
Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel.
You could pay a fair market price for a barrel of oil and cut 50 cents a barrel or a dollar barrel off what you're going to pay Mexico and use that money and put it towards to the building a wall. If they don't like it, too bad we're go buy the oil.
Every barrel of oil that comes out of those sands in Canada is a barrel of oil that we don't have to buy from a foreign source.
The world should forget about cheap oil. The price will keep going up and some day arrive at US$100 per barrel.
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.
So long as oil is used as a source of energy, when the energy cost of recovering a barrel of oil becomes greater than the energy content of the oil, production will cease no matter what the monetary price may be.
Many Christians in the evangelical tradition use words like "conversion," "regeneration," "justification," "born-again," etc. all as more or less synonyms to mean "becoming a Christian from cold." In the classic Reformed tradition, the word "justification" is much more fine-tuned than that and has to do with a verdict which is pronounced, rather than with something happening to you in terms of actually being born again. So that I'm actually much closer to some classic Reformed writing on this than some people perhaps realize.
The new discovery of a 3.3 billion barrel oil deposit off Norway's coast cements that nation's claim to being Europe's second largest oil producer.
I wouldn't give up on Russia, and with oil at $90 a barrel, they can refurbish their strategic capabilities and under an authoritarian regime, those nuclear weapons are still there and in the wrong hands we might have a problem again.
Oil prices jumped to well over $100 a barrel, and analysts say it's due to tension in the Middle East. So, luckily, it's just a temporary thing.
... Member Countries shall take necessary action and/or shall establish negotiations, individually or in groups, with the oil companies with a view to adopting ways and means to offset any adverse effects on the per barrel real income of Member Countries resulting from the international monetary developments as of 15th August 1971.
Europe and North America, we are told, are less dependent on energy-intensive heavy industry than in the 1960s and 1970s. It seems we squeeze more GDP out of a barrel of oil than in those benighted days.
I stick to stuff I'm pretty sure of and I know this: when the price of a barrel of oil is under $80 a barrel and you build a pipeline, you are driving up greenhouse gases.
Russia does not have a modern economy: it's a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can't meet payroll.
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.
The problem is, there are definitely some genuinely lame things on television, and there's more at the bottom of the barrel, because the barrel in a sense has gotten bigger.
Some day some one will write a book about that frantic search of the creative worker for silence and freedom, not only from interruption but from the fear of interruption.
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