Warren Buffett Quotes

He presented himself as the friend to Main Street America, and yet that aw-shucks persona ended up packaging policies and programs that were at times deeply injurious to the very people he swore to serve. After all, Reaganomics set in motion one of the largest wealth redistributions in American history, away from the poor and toward the rich.

Deregulation [of electricity] does not work unless you have more power than you need.

You know, I think we ought to sell TVA.

Californians devised a system of electricity sales that ignored every dimension of the free market.

The size of the energy sector in Mexico is just so vast; it has an outsize impact on the rest of the Mexican economy.

The bottom line is that the death tax is a tax on the economy because it slows economic growth.

So it was flawed in that it didn't require California to have a first claim on the power plants. It deregulated part of the market, but not all of the market.

The real moral is this: It does not matter how much oil is produced domestically and how much is imported. Presidents may declare that there is an “urgent need” to cut imports and boost “energy independence” — no one ever lost political support by seeing evil and blaming foreigners.

When I go down in my state, I see virtually none of the independent oil producers for [President Jimmy] Carter … We’ve gotten higher drilling rig counts, more dollars being spent, more activity, more profits being made by oil people than ever before. But do they like Carter? Oh no. they hate him because of his rhetoric.

That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.

The Obama administration has already imposed burdensome regulations - for instance, the sprawling Clean Power Plan aimed at wiping out the coal industry - that will raise the cost of energy and put hundreds of thousands of Americans out of work.

[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.

It's much to the credit of the rest of the world that they have gone ahead and tried to do the Kyoto accords on their own. It makes it unbelievably difficult to do that, for a variety of economic and regulatory reasons, without the participation of the biggest energy user in the world.

Let us rid ourselves of the fiction that low oil prices are somehow good for the United States.

Through me the energy policy of the whole Common Market is being held up. Without opening old wounds, it pleases me no end.

This issue is not economic but political. I hope that all market participants interested in maintaining stable and reasonable world energy prices will finally make the right decision.

Higher energy prices act like a tax.

In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money.

Not using fossil fuels is tantamount to not using energy. It is economic suicide and eco-manslaughter.

We are killing - absolutely killing our energy business in America.

In America, we are putting our energy companies out of business. We have to bring back our workers.

Look, any cut in greenhouse gases is going to be expensive for American consumers, who are in no mood to bear additional costs.

The doubling of oil prices ... is creating a more difficult environment in which to act.

Frankly, getting Mexico economically headed in the right direction with good energy policy - Canada, the United States, and Mexico have more known energy reserves than Saudi Arabia and Russia. So developing those and I think you'll see a major movement of people back into Mexico when that occurs when these prices get back. You're going to see a substantial development of the energy business in Mexico and Canada, domestic as well.

We shouldn't penalize those that depend on fossil fuels for energy and the jobs they provide.