Quotes & Sayings About Crude Oil

Consider that the earth is a processing plant, a factory. Picture a tumbler used to polish rocks: a rolling drum filled with water and sand. Consider that your soul is dropped in as an ugly rock, some raw mineral or natural resource, crude oil, mineral ore. And all conflict and pain is the abrasive that rubs us, polishes our soul, refines us, teaches and finishes us over lifetime after lifetime. — Chuck Palahniuk

In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there. — Peter DeFazio

So when time had begun to run out on Adelia with no really acceptable husband in sight, she'd married money
crude money, button money. She was expected to refine this money, like oil. — Margaret Atwood

Fifty-dollar oil is just another stop on the road to much higher crude prices. — Peter Schiff

Let's examine the nature of the beast, so to speak. The male animal. Isn't there a fund, a pool, a reservoir of potential violence in the male psyche? ... Isn't there a deep field, a sort of crude oil deposit that one might tap if and when the occasion warrants? A great dark lake of male rage ... Isn't there a sludgy region you'd rather not know about? A remnant of some prehistoric period when dinosaurs roamed the earth and men fought with flint tools? When to kill was to live? ... Only your code allows you to enter the system. — Don DeLillo

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. — Thomas Homer-Dixon

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

By Interstate 70: a dog skeleton, a vacuum cleaner, TV dinners, a doll, a pie, rolls of carpet.Later, next to the South Platte River: algae, broken concrete, jet contrails, the smell of crude oil. What I hope to document, though not at the expense of surface detail, is the form that underlies this apparent chaos. — Robert Adam

If I think too much about all of those Chinese factories where all the stuff in a Wal-Mart is made, I get that woozy feeling you get when you see ducks covered in crude oil. — Douglas Coupland

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed. — James Buchan

Bone-char is a granular material produced by charring animal bones. Bone- char is used to refine crude oil into petroleum jelly. — Kayla Fioravanti

In 1973, America imported 30 percent of its crude oil needs. Today, that number has doubled to more than 60 percent. Gas prices are as high as they are now in part because we've had no comprehensive national energy policy for the past few decades. — Gary Miller

Low oil prices played a part in a major move by Congress voting to end the 40-year-old ban on exporting American crude oil. — Ari Shapiro

Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market. — Gary Miller

Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products. — Ben Bernanke

A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations. — Gary Miller

Running out of energy in the long run is not the problem ... The bind comes during the next 10 years: getting over our dependence on crude oil. — Kenneth S. Deffeyes

Public-policy-wise, if you want to be consistent, crude oil is a bulk commodity, and you should be able to export it. I would rather the crude go to U.S. refineries to get refined and then export the refined product because we get double, triple the money. — John Shimkus

Global crude oil demand is increasing, particularly in places like China. — Gary Miller

About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world. — John S. Watson

When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption. — Rex Tillerson

The future looks like gasoline ... crude oil ... is the future before it has been refined. It is like a dream of the future, really, and like any dream it ends with a rude awakening. — Chris Cleave

About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it. — Peter DeFazio

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation. — James Buchan

Rockefeller made his money in oil, which he discovered at the bottom of wells. Oil was considered crude in those days, but so was Rockefeller. Now both are considered quite refined. — Richard Armour

First off, the crude oil market, unlike every other commodity in America, is virtually unregulated. — Peter DeFazio

Tar sands oil is the dirtiest fuel on Earth. Because producing it consumes so much energy, a gallon of tar sands crude generates 17 percent more carbon pollution than conventional crude oil. — Frances Beinecke

This young wine may have a lot of tannins now, but in five or 10 years it is going to be spectacular, despite the fact that right now it tastes like crude oil. You know this is how it is supposed to taste at this stage of development. — Itzhak Perlman

Bahrain lies at the epicenter of Gulf security and any violent upheaval in Bahrain would have enormous geopolitical consequences. Global economic stability depends on the uninterrupted export of crude oil from the Gulf to markets around the world - a job that historically has been assigned to the U.S. Fifth Fleet. — Hamad Bin Isa Al Khalifa

Testing trading ideas is like digging for gold or looking for crude oil in deep waters. The more trading ideas you test, the better your chances of finding patterns that can be traded profitably. — Henrique M. Simoes

As we all know, no crude oil refineries have been built in the United States since 1976. During that time, close to 100 ethanol refineries have been built. — John Shimkus

The world, with all its impossible variegation and the basic miracle of its existence, draws most mourners out of their grief and back into itself. The homosexual forsythia blooms; the young Irish dancers in Killarney dance, their arms as rigid as shovel handles; secret deals are done involving weapons or office space or crude oil or used cars or drugs; new lovers, believing they will never really have to get up, lie down together; the Large Hadron Collider smashes the Higgs boson into view; snow drapes its white stoles on the bare limbs of winter; the crack of the bat swung by a hefty Dominican pulls a crowd to its feet in Boston; bricks for the new hospital in Phnom Penh are laid in true courses; the single-engine Cessna lands safely in an Ohio alfalfa field during a storm. How can you resist? The true loss in only to the dying, and even the won't feel it when the dying's done. — Daniel Menaker

long. Trade has always traveled and the world has always traded. Ours, though, is the era of extreme interdependence. Hardly any nation is now self-sufficient. In 2011, the United Kingdom shipped in half of its gas. The United States relies on ships to bring in two-thirds of its oil supplies. Every day, thirty-eight million tons of crude oil sets off by sea somewhere, although you may not notice it. As in Los Angeles, New York, and other port cities, London has moved its working docks out of the city, away from residents. Ships are bigger now and need deeper harbors, so they call at Newark or Tilbury or Felixstowe, not Liverpool or South Street. — Rose George

This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life." — Jon Stewart

The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent. — Gary Miller

The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity. — Anthony Foxx

We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada. — Richard Kinder