OIL QUOTES III
quotations about oil
Oil prices have fallen lately. We include this news for the benefit of gas stations, which otherwise wouldn't learn of it for six months.
WILLIAM TAMMEUS
The Globe and Mail, 1991
The birthplace of the modern oil industry is commonly considered to be Titusville, Pennsylvania. There Edwin Drake drilled his first modern oil well in 1859. However, oil had been produced in Europe and Russia for several decades before. It was in the United States that the real oil rush was born, where it was distilled into kerosene to use in lighting. Oil was also used as a lubricant for machinery in the growing industrial manufacturing sector. Gasoline, as it happens, was an unwanted by-product of refining at the time due to its volatility.
RAULI PARANEN
The World After Cheap Oil
Many have blamed the gasoline shortages and long lines at filling stations in 1973 on the Arab Oil embargo of that year. However, the shortages and long lines began months before the Arab oil embargo, right after price controls were imposed.
THOMAS SOWELL
Basic Economics: A Citizen's Guide to the Economy
Pardon me, ye that give the midnight oil,
To learned cares, or philosophic toil.
WILLIAM COWPER
"Retirement"
If Europe's example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don't drive them too much.
PAUL KRUGMAN
"Stranded in Suburbia", New York Times, May 19, 2008
Now they're saying all this terrorist activity could lead to higher oil prices. When asked why, the oil companies said, "Cause everything leads to higher oil prices." In fact, the price of crude oil could hit $80 a barrel. That's not crude -- that's obscene.
JAY LENO
The Tonight Show, 2006