Oil Supply Chain Quotes

Oil is much too important a commodity to be left in the hands of the Arabs.

A commitment in Iraq was inevitable. We had to establish a base at Basra, and control that port to safeguard Persian oil in case of need.

In addition, each barrel of oil we save through conservation further decreases our dangerous reliance on unstable Middle East oil.

By June 1974, Treasury Secretary George Shultz was already suggesting that rising oil prices could result in a 'highly advantageous mutual bargain' between the United States and petroleum-producing countries in the Middle East.

Assuming that Iran could become the only oil producer unable to export its oil is a wrong assumption... The United States will never be able to cut Iran's oil revenues.

The U.S. policy of hoarding crude oil never made the world, or even the U.S., a safer place.

On no one country, on no one region, on no one route … must we depend for our oil supply.

The United States' gasoline industry, as Hurricanes Katrina and Rita demonstrated, is remarkably fragile. And the process of how oil is pumped from the ground, turned into gasoline and distributed to consumers is complicated.

As I explain at some length in my book 'Energy Victory,' during World War II, the American strength in oil production was a decisive advantage for the Allies. Airplanes, ships, and tanks all ran on oil, and we controlled the supply.

Without oil our Navy would be like painted ships upon a painted ocean.

It is incorrect and unwise to imagine that some day all producer countries will be able to export their surplus oil, and Iran will not be able to export its oil.

The Strait of Hormuz is an international waterway, and it is not helpful for any nation to suggest that it would attempt to restrict traffic through the strait.

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 Asian nation's oil demand is expected to grow this year by 800,000 barrels per day and represents more than one-third of the total growth in global demand, according to the Energy Information Agency.

We clearly need to break our addiction on Saudi Arabian oil that is a security threat to the United States.

America is addicted to oil which is often imported from the most unstable part of the world.

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.

In the 1940s, the petroleum business was an American game, and it was enormously to our advantage that the world ran on oil.

We will never again permit any foreign nation to have Uncle Sam over a barrel of oil.

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

Disruption to the flow of oil through the Straits of Hormuz would threaten regional and global economic growth. Any attempt by Iran to close the Straits would be illegal and unsuccessful.

It is clear our nation is reliant upon big foreign oil. More and more of our imports come from overseas.

The oil market is especially sensitive even to a hint of expansion or contraction in supply.

Every barrel of oil that we produce around the world benefits Americans because it keeps prices down. We can talk more later about American energy independence, but the facts are, every barrel we produce helps Americans because it keeps prices down.

Shell and Exxon support export, but refiners like Valero could end up paying more for the crude oil.