Gene Green Quotes

About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.

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.

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

The U.S. policy of hoarding crude oil never made the world, or even the U.S., a safer place.

Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.

As long as the United States - and the world - gets its oil from the Middle East, we will be drawn into the endless crises that seem endemic to the region. American energy independence would not only liberate us, it would also drive down the worldwide price of oil.

The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.

First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.

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.

Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel.

Every dollar added to the price of oil weakens America and strengthens her enemies.

In the 1940s, the petroleum business was an American game, and it was enormously to our advantage that the world ran on oil.

I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.

Rockefeller made his money in oil, which he discovered at the bottom of wells. Oil was considered crude in those days, but so was Rockefeller. Now both are considered quite refined.

Iran exports about 2.2 million barrels a day.

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.

Russia's oil fields are mature and require capital and Western technology even to keep production flat.

The United States' gasoline industry, as Hurricanes Katrina and Rita demonstrated, is remarkably fragile. And the process of how oil is pumped from the ground, turned into gasoline and distributed to consumers is complicated.

In addition, each barrel of oil we save through conservation further decreases our dangerous reliance on unstable Middle East oil.

In the United States, oil demand is projected to grow by 340,000 barrels per day this year and gasoline demand is projected to grow nearly two percent, averaging 9.3 million barrels per day for the summer.

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

The reason gas prices are so high is because the oil is in Texas and Oklahoma and all the dipsticks are in Washington.

A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations.

Three quarters of the East Coast's refinery capability is located in the Philadelphia region.

Since 2006, we have surpassed Alaska, Oklahoma, Louisiana, and California in oil production to become the second largest oil-producing state in the nation, trailing only Texas. In 2012, North Dakota produced more than 245 million barrels of oil and provided nearly 11 percent of all U.S. output.