Goodluck Jonathan Quotes

Venezuela’s state oil company routinely spends more on social programs then it does on exploration and production.

The oil areas have a big problem digesting the oil. There's too much money, and the people don't know what to do with it. I'm finding all the time that we have more industries and more success stories which are not involved with oil.

People really feel that, when they go to the gas pump now, that the oil cartel is holding them by the legs and tipping them upside down and shaking money out of their pockets.

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

It might have been offset for us if the revenue from our own oil and natural gas that was just developing had been available to the Labor Government, but the oil revenues were just coming in when Labor fell in '79.

I believe Mexico should dedicate 100% of its oil revenues to developing human capital and technological development. None of us politicians should be able to touch that money.

What the oil producer gets paid is about 16 percent. The majority of it is tax, which in fairness to the government of this country they have accepted and admitted.

I'm not sure the oil producers are enjoying real growth. That troubles me. For experience has shown that oil can be more of a curse than a blessing. And not only in Africa.

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

I will put Iran’s oil income on people’s dinner table.

When I go down in my state, I see virtually none of the independent oil producers for [President Jimmy] Carter … We’ve gotten higher drilling rig counts, more dollars being spent, more activity, more profits being made by oil people than ever before. But do they like Carter? Oh no. they hate him because of his rhetoric.

You know how much money the oil companies have? If you need some gas, just go fill your tank off and drive off - they're not going to miss it.

We need to break our dependency on foreign sources of oil, which leaves us at the mercy of foreign powers. To do that, we should increase domestic energy production.

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

In 2005, before I was president, the state of Bolivia had only $300 million from hydrocarbons. Last year, 2007, the Bolivian state - after the nationalization, after changing the law - Bolivia received $1,930 million. For a small country with nearly 10 million inhabitants, this allows us to increase the national economy.

Our main source of economy is agriculture. What we should do is to use the oil money that we have today to re-fuel agriculture. And so agriculture will be the backbone of the economy of South Sudan.

The oil under Libya is the champagne of oil, drop for drop the world's most valuable.

A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.

But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.

The First Law of Petropolitics: The price of oil and the pace of freedom always move in opposite directions in states that are highly dependent on oil exports for their income and have weak institutions or outright authoritarian governments.

The real obstacle to progress in Nigeria is not a lack of resources; it is who controls them and how they are used.

You can tell an awful lot about a civilization by how it spends its money.

Control of oil revenue has helped autocrats stay in power.

I never saw a bureaucracy produce a single barrel of oil.

The foreign companies, especially oil prospects and development companies, have been in Nigeria for about two generations - 40 years and above and so on. So, they know the environment. They stayed that long. They continue to invest because they know the potential Nigeria has in oil and gas and the capacity of the people to learn and work hard.