Industry Diversification Quotes

Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.

We need to diversify the economy. We need to get away from sugar.

I was in oil when oil was $8 a barrel and in construction when interest rates were 20 percent. I was looking for something everyone used and where you could build a customer base - and if it was successful, you could take it nationwide and even worldwide.

We need to diversify our economy, and the energy industry would be a great place to begin that diversification.

Ohio does have an energy industry, but we're diversified. We're one of the fastest growing states in the country. We came back from the dead.

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

Probably the greatest single obstacle to the progress and happiness of the American people lies in the willingness of so many men to invest their time and money in multiplying competitive industries instead of opening up new fields, and putting their money into lines of industry and development that are needed.

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.