energy market dynamics Quotes

I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.

The thing you have to remember is, oil and gas are commodities, and the more we use them the more the price goes up, like any commodity. Solar, wind - they are technologies, so the more you use them, the more the price goes down.

Energy is under siege by the Obama administration, under absolute siege. The EPA, the Environmental Protection Agency, is killing these energy companies, and foreign companies are now coming in and buying our, buying so many of our different plants and then re-jiggering the plants so that they can take care of their oil. We are killing, absolutely killing our energy business in this country.

When the President is making it harder to mine coal, to use coal, to take advantage of our gas resources, to make it harder to get our oil resources - all those things combine to make our cost of energy higher than it needs to be, and it drives away enterprises from this country. It sends it to places that have lower-cost energy.

Finally, we will have at our disposal additional revenues from unleashing American energy. The Institute for Energy Research cites a short run figure of as much as $36 billion annually from increased energy production, tremendous amounts of money.

Just from a political perspective, do you think the president of the United States going into re-election wants gas prices to go up higher? Look, here's the bottom line with respect to gas prices: I want gas prices lower because they hurt families.

Let's take energy, for instance. I understand that in some industries, the input cost of energy is a major factor in whether an industry is going to locate in the United States or go elsewhere. So, when, at Bain Capital, we started a new steel company called Steel Dynamics in Indiana, the cost of energy was a very important factor to the success of that enterprise.

One of the reasons the United States has actually been reducing its emissions in recent years is actually that there's been a boom in natural gas. It's displacing coal. It emits less carbon dioxide when you burn it. This is not really an Obama policy. It's just something that happened because of technology and the free market.

When we export energy, we export American influence overseas. As I travel around the world, I know that there are people that want to buy energy from America.

If you're looking at distributing alternative energy in Nigeria, for instance, what gets in your way is not people's ability to pay, not people's desire for a clean solar lamps or biomass opportunities. But there is a strong status quo that really depends on selling diesel.