Famous Quotes & Sayings

Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a day is 1,000 wells producing 1,000 barrels. That's big.

Evo Morales

The contracts were signed when a barrel of oil cost 18.0 or 19.0 dollars, whereas nowadays a barrel is more than 60.0 dollars.

We continue to believe that fundamentals of supply and demand will be in play, bringing oil prices down to approximately $35 per barrel by the end of this year, and to $25-30 per barrel in 2005.

What I hear from chief information officers from all over the world is that $70 a barrel for oil is having an impact on their business,

We want that opportunity, ... We would take that gas and those barrels of crude to market faster.

When you turn up for work, especially with looking down the barrel of a show, you're hoping the person you're acting opposite of is going to be on your kind of crazy wavelength.

We were back to normal production six weeks after the hurricane. During that six weeks we distributed a million barrels of on-hand gas and imported another two million barrels for local and regional use.

We're staring down the barrel of a loaded gun and that gun is ready to fire,

We're staring down the barrel of $4 a gallon for gas.

We're forecasting oil will grind higher up to $33, ... with an ultimate spike up to $40 a barrel on the outbreak of hostilities.

With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.

We believe that the oil ministers are inclined to defend a $55 per barrel floor in the near term.

World producers need to bring another 1 1/2 million barrels per day on line every year to meet rising demand. So even a minor supply disruption is going to have a disproportionate impact on oil prices.

Frank Murkowski

When we had $10 a barrel a year ago, it was the market that was making the determination, ... To blame 'big oil' on profiteering is a little misleading ... the market is setting the price, not U.S. 'big oil.'

We see this as a short-term, one-time gain. Management did not even touch on how they plan to get the Cracker Barrel concept turned around. The core chain (Cracker Barrel) has struggled mightily of late from an operating fundamentals perspective and significantly lags the industry.

We see more and more guns not getting routine maintenance. At the end of the season, (a hunter) should clean the barrel of all that residue and lightly oil it; external surfaces, too.

The government's offer of barrels from the Strategic Petroleum Reserve has mitigated some of the upward price pressure on crude oil. The problems with gasoline and natural gas may not be helped even if the SPR is tapped. If refineries are offline and can't run the extra oil, it will make no difference.

The large 3.2 million barrel increase in (US) gasoline accelerated selling.

The last thing we need is crude moving back to the $70-a- barrel level.

The inventory data must be quite a bearish factor in the market. The price is well supported around $58 a barrel though.

This is a very nervous market that needs every single incremental barrel the market can put out and produce,

Michael Young

I want to take some deep breaths, get a pitch I can handle, put the barrel of the bat on it and hopefully find a hole.

Bob Beauprez

The new discovery of a 3.3 billion barrel oil deposit off Norway's coast cements that nation's claim to being Europe's second largest oil producer.

I mean, I believe very strongly in the fundamental of oil drilling, and the oil drillers are perhaps the most spectacular stocks of this year. They're still up; they were up yesterday, and they're near their all-time highs, and that's because the world uses 200 million barrels of oil more than it drills. The companies that own the equipment to drill are going to be utilized more and the rates are going up.

I'm just trying to make solid contact right there, and I got a slider over the plate and put the barrel on it.

I learnt how people survived and how people had to submit because you need to eat and your family need to live, so I learned the meaning of power. In a sense that power comes out in the barrel of a gun and when the Japanese gun was not as big as the American gun they surrendered and the British came back.

Oil resources and supplies are plentiful and OPEC has been producing 1.5 million more barrels per day than its quotas in the third quarter of 2005,

Giovanni Bisignani

Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February.

Dave Allen

No matter if we're counting days, work-hours or barrels refined, our truest measure of safety is that everyone goes home safely at the end of the day. We are proud of our employees who are dedicated and vigilant when it comes to safety.

It works on rivers and lakes. He came up with this concept of the plastic barrel with concrete on the bottom and gravel on top of the concrete. Some of the gravel is stuck into the concrete so it will stay.

The world produces about 85 million barrels a day. That's where demand is now, too. And I've seen forecasts that demand is going to be higher than that by the end of the year.

The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.

They are going to have surplus production as the domestic oil consumption is 25,000 barrels a day.