Famous Quotes & Sayings

GM's promotion of E-85 fuel is helping to build the infrastructure needed for the ethanol industry to continue growing and replacing millions of barrels of non-renewable oil. The ethanol industry is committed to meeting the demands of millions of American consumers who want to choose cleaner-burning ethanol.

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.

We are trying and we continue to try. We have increased oil production to over 10 million barrels a day.

Kyle Cooper

We've lost 450,000 barrels a day of production, which is significant. Shell hasn't given us much of an idea of when they will be able to restore output. This is a pretty reasonable reaction given that we don't know how long it will be before the production is back to normal.

Charles Schumer

We have more oil in the Strategic Petroleum Reserve than we've ever had. It's full. And using about 30 or 40 million barrels for a few months to get the prices down will not hurt us strategically,

We're working to put those barrels in place in the shortest time possible

Eric Williams

We provide 50,000 barrels of oil a day to the region and it is unclear how Trinidad and Tobago will fit into this agreement. We have been having cordial discussions with other member states and will continue these discussions at the meeting.

We estimate that 1.8 million barrels per day of consumption must be squeezed out next year through the impacts of higher prices.

On an average, we estimate to produce approximately 746,000 barrels of oil per day in 2006.

Holly Black

Someday I would like to be the kind of writer who barrels through a draft, but I can't even seem to barrel through an interview like this, so I imagine I have a long way to go.

We don't know exactly how much has been leaked, but so far 1395 barrels of liquids have been collected, most of crude that it is mixed with snow.

Joe Barton

We use 21 million barrels of oil a day, and only have the refining capacity for 16 million on a good day, ... And after Katrina and Rita, we haven't had many good days.

The simple announcement by U.S. authorities to place one million barrels a day ... will provoke a strong descent (in oil prices) on Monday.

Production in the Gulf has yet to recover and the trouble in Nigeria shows no signs of easing. We are missing about 1 million barrels of output.

Our decision is in place, up until now we will still increase by 500,000 barrels a day from August. This decision is still valid.

Cosmetic? You are talking about quotas. But when it comes to production, OPEC responds to the market. We are producing 2 million barrels a day more.

Crude stocks fell by 0.749 million barrels per day, which disappointed some traders who were looking for the SPR releases to have a positive impact on inventories.

Crude stocks are misleading. Yes, they are the highest since 1999 but keep in mind that we are now producing 1 million barrels a day less in the U.S. and refinery runs are up by 1.2 million barrels a day. In that context crude stocks are not high.

Crude stocks are expected to have fallen by 600,000 barrels over the week while distillate stocks are expected to be up by 1.7 million barrels.

David Robinson

This acquisition represents an exceptional opportunity for us to increase shareholder value. We are starting with around 40 barrels of output a day, but with considerable potential to boost production.

E. B. White

It's not strictly true to say there was only minor damage to refineries. When you sit down you can see about four million barrels per day of refining capacity is down as a result of Rita and Katrina.

John McCallum

Beyond the 450,000 barrels of (crude) oil per day is the much more important point that this is the future of the global economy and it's fundamentally in our interests that we become a part of it,

After each heat, we're able to quickly turn the barrels up and dump the debris, filling them up and setting them down for the next round,

Oil prices are high at $30 a barrel. The U.S. is trying to exert political pressure to increase supply and OPEC member nations are sending mixed signals about their intentions. We have a very volatile market here. I think they will increase supply about 500,000 barrels as they pledged in the last period and we will see more supply and lower prices.

Before Katrina, the system was already so tight that the worst-case scenario was for a disruption that took 250,000 barrels of capacity out of the picture. That would have been considered a major jolt,

Jim Carter

Each truck carries about 400 tons of material and we get about 200 barrels of oil from that.

Five, six years ago, Venezuela was producing 3 million barrels a day. Now, it's closer to 2 million.

As long as the prospect of sanctioning 4 million barrels per day of Iranian oil is out there, the Iranian situation, in our view, will be the front and center issue that will command market attention.

Claude Mandil

We have 4 billion barrels in strategic stocks.

To get to those last few barrels out there is more expensive than the easy ones. They're all looking for the giant fields because mature fields are declining.

There's less crude being run now through refineries than there is loss in production in the Gulf. We're estimating refinery runs are down about 2 million barrels a day while crude out of the Gulf is down a million and a half.

We will start pumping oil by the end of 2007, with production of at least 30,000 barrels per day (bpd).

By June we should be looking at modestly another half a million barrels of capacity a day.