Rodrigo Rato Quotes

Today, energy prices are at historic highs. Some analysts estimate that energy price shocks this year could cost American consumers more than $40 billion. Speaking very frankly, we cannot afford this kind of expense.

We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.

Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.

Sellers of all fuels, whatever their conflicts, can stand in harmony on the platform of high oil prices.

Every barrel of oil that we produce around the world benefits Americans because it keeps prices down. We can talk more later about American energy independence, but the facts are, every barrel we produce helps Americans because it keeps prices down.

If oil prices will go too high, it will slow down the world economy and would trigger a global recession.

When oil goes over $40 a barrel it's almost impossible for America to do well.

The significant collapse of oil prices shows that it was previously way too high.

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

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.

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

The rise in world oil prices has been larger than anyone forecast.

We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly.

An attack on the scale of Sept. 11 would rock the markets and the economy.

I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.

While there are many influences on gas prices in America, I believe the passage of a national energy bill will help relieve this burden on our country.

Nobody disputes that cheap natural gas would be a good thing for the economy. The question is, is this a sustainable new development that can be counted on for decades to come, or simply a 'bubble' brought on by a land grab and drilling frenzy?

Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.

Europe is on an economic collision course with reality.

Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.

We need to invest in home-grown clean energy that will bring cheaper prices in the long run, shielding consumers from volatile international fossil fuel markets.

The extremist agenda of the Obama administration is forcing unwarranted higher energy costs upon Americans and further threatening an already sluggish economic recovery.

You look at the U.S. budget deficit, and you cannot help but feel that this is a serious accident waiting to happen. And not just a serious U.S. accident, but a serious global accident.

I think that rational people in the world know that oil is a very important commodity for the rest of the world.