Olusegun Obasanjo Quotes

People who are running for office mislead the American people by saying that there's a three-point plan or a bumper sticker kind of way of bringing down gasoline prices. The fact of the matter is that nobody can do that. The price of oil is set on the global economy. People who have looked at this closely and hard know that's the case.

Let the king fix the rates for the purchase and sale of all marketable goods, having duly considered whence they come, whither they go, how long they have been kept, the probable profit and the probable outlay. Once in five nights, or at the close of each fortnight, let the king publicly settle the prices for the merchants.

Is it better to lower the price of corn, or isn't it? It is not much matter which we say, but mind, we must all say the same.

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

Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.

If you look - look at - I mean, look at what's going on with your gasoline prices. They're going to go to $5, $6, $7 and we don't have anybody in Washington that calls OPEC and says, 'Fellas, it's time. It's over. You're not going to do it anymore.'

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.

Tell me, what do they do for us in Bulgaria? Do they fix the prices? Or is there some kind of a free market?

Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters.

What farmers require is, that the prices should be moderate, and the markets steady; and for this reason I did, in 1826, 1827, and 1828, take the course which I would now recommend to the House.

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

Production is the only answer to inflation.

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.

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

So, I think even in Saudi Arabia there is movement. And we have to remember that over the years they've stabilized the oil price and that is tremendously important for the economies of the world. I think we have no choice but to work with the government of Saudi Arabia.

The corn law was intended to keep wheat at the price of 80s. the quarter; it is now under 40s. the quarter.

If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn.

I strongly believe that for the steel prices to be market-driven, without distortions, we need to substantially increase the production capacity.

You'll have lower prices under deregulation than you will through regulation.

Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.

Safety and certainty in oil, lie in variety and variety alone.

I'll see to it that prices remain stable. That's what I have my storm troopers for.

A man may not sell above the current price, i.e., such a price as is usual in the time and place, and as another (who knows the worth of the commodity) would give for it When a man loseth in his commodity for want of skill, etc., he must look at it as his own fault or cross, and therefore must not lay it upon another