#oil

I think we have to ask this administration, and the President specifically, about using their political capital now to stand up for the American consumer who is getting clobbered by these gasoline and oil prices. ↗

— Ron Wyden

#administration #american #american consumer #ask #capital

Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil. ↗

— Ron Wyden

#basic #business #buy #demand #higher

More customers for Canadian oil means that Canadian producers can charge more for their oil, which then means that American businesses and consumers will pay more for oil. ↗

— Ron Wyden

#american businesses #businesses #canadian #charge #consumers

Right now, there are a limited number of customers for Canadian oil. Due to simple geography - and without the pipeline - it's really only cost effective for Canadian oil producers to sell their oil to North American customers, mostly American Midwesterners. ↗

— Ron Wyden

#canadian #cost #customers #due #effective

The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas. ↗

— Daniel Yergin

#based #being #between #china #chinese

Cycles of shortage and surplus characterize the entire history of oil. ↗

— Daniel Yergin

#cycles #entire #history #oil #shortage

If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market. ↗

— Daniel Yergin

#barrel #coming #elsewhere #extra #go

The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly. ↗

— Daniel Yergin

#could #countries #day #four #industrial

Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession. ↗

— Fareed Zakaria

#barrel #could #easily #global #hearts

One of the things that has been very difficult in Libya is the sense of uncertainty - the sense that they haven't actually finished the revolution, that there was still a great deal of uncertainty. That uncertainty has made Libya harder for business in terms of oil and other things as well. ↗

— Fareed Zakaria

#been #business #deal #difficult #finished