Ron Wyden Quotes

More customers for Canadian oil means that Canadian producers can charge more for their oil, which then means that American businesses and consumers will pay more for oil.

Iran exports about 2.2 million barrels a day.

Iraq has, in effect, one export of any consequence. That's oil.

Global crude oil demand is increasing, particularly in places like China.

We get more oil from Canada than any country.

The KXL pipeline would make it easy and cost effective for oil producers in Canada to transport oil to the Gulf of Mexico where it could be shipped to customers - not just in the United States - but around the world.

Iraqi oil is sold by Iraq.

The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers, of which Saudi Arabia is at the top of the list.

Saudi Arabia is, of course, the keystone of OPEC. Saudi Arabia has had the distinction of remaining stable through all the escalating tumult of recent decades, reliably pumping out its roughly 10 million barrels a day like Bossy the cow in America's oil import barn.

The one thing people seem to forget is the more oil we have, the lower the price and the lower the profits the oil companies make.

I saw a report yesterday. There's so much oil, all over the world, they don't know where to dump it. And Saudi Arabia says, 'Oh, there's too much oil.' They - they came back yesterday. Did you see the report? They want to reduce oil production. Do you think they're our friends? They're not our friends.

I don't think we're going to see the price of oil going down in the near future, that's the reality.

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.

The oil market is especially sensitive even to a hint of expansion or contraction in supply.

If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.

Keystone will deliver 830,000 barrels of oil per day from Canada, North Dakota, and Montana to Gulf Coast refineries.

The reason you have high oil prices in the United States is that you do not have enough refineries to refine the oil. Do you know that there has not been a refinery built in America in 15 years.

It is incorrect and unwise to imagine that some day all producer countries will be able to export their surplus oil, and Iran will not be able to export its oil.

The U.S. only has 20 billion barrels of oil in reserve. It seems as though there is no more oil around. Venezuela has 300 billion barrels of oil in reserves. Iraq has, like, 150 billion barrels of oil. Iran, close to 300 billion barrels of reserve. Oil for 200 years, of course.

Keystone would allow us to transport 700,000 barrels of oil a day from our northern neighbor Canada to refineries in the United States.

We will support anything to stabilize the oil demand and supply.

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

You see this in the oil industry time and time again. Fears that we've found the last oil, that we're going to run out, pop up constantly. And soon afterward, because the price goes up, huge new reservoirs are discovered.

The best business in the world is a well run oil company. The second best business in the world is a badly run oil company.

The Keystone pipeline would add to our domestic supply. It would help us with energy independence.