Hugo Chavez Quotes

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

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 clear our nation is reliant upon big foreign oil. More and more of our imports come from overseas.

We get more oil from Canada than any country.

The less oil the world uses, the less important the region that has so much of it becomes.

If you compare the size of our reserves of Saudi Arabia and the whole Middle East, it's like three times as much as all of that combined and that's just the easily, readily available 1800 billion barrels and there are probably 3 billion barrels that are commercially just under that, available.

We shouldn't be so dependent on foreign oil.

Although the United States cannot unilaterally lower the price of oil, it can reduce its consumption by using oil more efficiently and by developing alternative sources of fuel.

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 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.

The approaching exhaustion of domestic reserves of petroleum and the rapid depletion of world reserves will have a profound effect on Americans in the cities and on the farms.

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.

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.

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

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.

If you ask the average person on the street about U.S. energy and U.S. oil in particular, our situation, most Americans would say, 'Oh, we're energy poor; we don't have enough oil; we don't have enough natural gas.'

The new discovery of a 3.3 billion barrel oil deposit off Norway's coast cements that nation's claim to being Europe's second largest oil producer.

One of our priorities should be to reduce our dependence on foreign oil.

The idea that America, whose oil production has been declining for the past 40 years, is now on track to become the world's biggest producer by 2015 is still hard to grasp.

Over the last two decades, America has increased its demand for oil by nearly 30 percent, yet we have not expanded our ability to produce domestic sources of fuel.

[Describing Iraq:] … floats on a sea of oil.

We still have billions of barrels in Alaska that sit untapped. There are abundant reserves offshore in the lower 48.

What's important in Libya is, first of all, it has a good deal of oil. A lot of the country is unexplored; there may be a lot more. And it's very high-quality oil, so very valuable.

Tar sands are attractive, but like biofuels, they will never replace Middle East oil.

I'm glad you asked. It has nothing to do with oil, literally nothing to do with oil.