#crude oil

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

#books #course #crude #crude oil #doing

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

#adjusted #age #average #barrel #century

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

— Peter DeFazio

#commodity #crude #crude oil #every #first

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

#assertive #commodities #crude #crude oil #dictation

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

— Peter DeFazio

#crude oil #increase #margins #oil #over

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. ↗

— Doug Coupland

#chinese #covered #crude #crude oil #ducks

Global crude oil demand is increasing, particularly in places like China. ↗

— Gary Miller

#crude #crude oil #demand #global #increasing

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

#because #comprehensive #crude #crude oil #decades

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

#crude oil #despite #development #fact #five

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

#around #assigned #bahrain #been #consequences