Rodrigo Rato Quotes

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

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.

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.

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

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

Fifty-dollar oil is just another stop on the road to much higher crude prices.

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

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

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.

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.

Oil prices have certainly become a threat for the world economy.

Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.

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

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

If you opened up every single potential drilling opportunity in the United States, it would have the effect of lowering gas prices three cents, maybe. And that's because, of course, oil is traded on a global market.

For the U.S., the primary interest is our continued access to Saudi Arabian oil in adequate quantities... at an acceptable political as well as economic price.

I think, for OPEC, the main challenge is to have a price level which brings good profits to them, good incentives for the investments, but at the same time, to prevent prices going to very high levels.

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

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

The anti-American policy is the one that keeps oil prices up. The way to do that is to help OPEC limit the amount of liquid fuel available.

There is enough oil out there for world demand. It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply.

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 other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly.

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.