Oil Production Quotes

In the Soviet Union I was the head of all oil production. And you know in the Soviet Union, you didn't get that job unless you were really worth it.

I believe that in fact it would be economically reasonable and logical to reach a compromise [on oil production], I am sure that everybody understands this.

Iran's economy is now shrinking by 1 percent a year. Its oil production is down 40 percent.

Oil production should peak out around the world in the early 1990s...That means in five years' time we may have chewed up most of the possibility of further expansion of oil production.

Even if we were to sign peace today, the economic conditions in our country would not improve automatically because it will take some time to reach the level of oil production before the war and the oil prices are likely to remain low for some time as the supply of oil in the world is high and demand is low.

...the era of cheap oil and natural gas is coming to a crashing end, with global oil production projected to peak in 2010 and North American natural gas extraction rates already in decline. These events will have enormous implications for America's petroleum-dependent food system

Were I to stop oil production, we`d have to import it from Iraq and from Caracas, Venezuela or from North Dakota where the environmental standards are much lower, on trains that have already proven themselves unsafe, or by more ships that are causing significant pollution in the world. It`s just really dumb.

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.

If I said that oil production would collapse I was wrong.

Bitumen is junk energy. A joule, or unit of energy, invested in extracting and processing bitumen returns only four to six joules in the form of crude oil. In contrast, conventional oil production in North America returns about 15 joules. Because almost all of the input energy in tar sands production comes from fossil fuels, the process generates significantly more carbon dioxide than conventional oil production.

Among the many important provisions in the energy bill are the creation of an estimated half million new jobs, increased oil production, blackout protection, controlling fertilizer costs by stabilizing natural gas prices and enacting new efficiency benchmarks.

Delayed energy projects and regulatory hurdles to domestic oil production not only cost the United States economy billions of dollars and millions of jobs, but they also stand in the way of an elusive goal: true American energy security.

We're supposed to believe that oil had nothing to do with it, that if Iraq were exporting pickles or jelly and the center of world oil production were in the South Pacific that the United States would've liberated them anyway. It has nothing to do with the oil, what a crass idea. Anyone with their head screwed on knows that that can't be true.

So long as oil is used as a source of energy, when the energy cost of recovering a barrel of oil becomes greater than the energy content of the oil, production will cease no matter what the monetary price may be.

I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.

Deforestation for palm-oil production also contributes significantly to climate change. The removal of the native forests often involves the burning of timber and remaining forest undergrowth, emitting immense quantities of smoke into the atmosphere.

Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.

I saw a report yesterday. There’s so much oil, all over the world, they don’t know where to dump it. And Saudi Arabia says, "Oh, there’s too much oil." They -- they came back yesterday. Did you see the report? They want to reduce oil production. Do you think they’re our friends? They’re not our friends.

You can drill in the Arctic National Wildlife Refuge, on every continental shelf and atop every hill in America for that matter, and you still won't reverse the fact that our oil production is in permanent decline. We're just sopping up what's left, digging ourselves into a deeper hole.

Since 2006, we have surpassed Alaska, Oklahoma, Louisiana, and California in oil production to become the second largest oil-producing state in the nation, trailing only Texas. In 2012, North Dakota produced more than 245 million barrels of oil and provided nearly 11 percent of all U.S. output.

There's a huge misconception that it's all about the oil, and the truth is there's actually not much oil left in Abyei. The misperception arose because when the peace agreement was signed in 2005, Abyei accounted for a quarter of Sudan's oil production. Since then, the Permanent Court of Arbitration in The Hague defined major oil fields to lie outside Abyei. They're in the north now, not even up for grabs, and they account for one percent of the oil in Sudan. The idea that it's "oil-rich Abyei" is out of date.

However, it was not us who refused to freeze oil production; our Saudi partners changed their point of view at the last moment and decided to slow down the adoption of this decision. I would like to reiterate our position, it remains the same.

Oil production, energy production are growing, though the latter has gone down by about 1 percent here, I believe... By the way, we occupy the first place in the world in gas export, accounting for 20 percent of the world market. We are also first in the sphere of liquid hydrocarbons export.