Fossil fuels, including oil, are running out and supplies are getting harder to find. If we do nothing, prices will continue to rise and our reliance on oil will come to an abrupt and tumultuous end, causing global economic and social turmoil.
The U.S. uses most of its oil for transportation. We can limit U.S. demand for oil by requiring automakers to use the technology that already exists to improve fuel economy - technology that the automakers refuse to bring into the market despite soci...
The oil companies are regulated by the federal government. They can't drill on land nor in American waters without permission from the feds. Many Republicans want to drill baby drill but what's the point if all the oil goes to China? Increased produc...
For too long, the system has been biased in favor of oil and gas developers: sweetheart lease deals, generous subsidies and a regulatory process so slanted in favor of Big Oil that often permit reviews are simply waived.
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.
Well, the oil, the oil spot, if you will, is a, is a term in counterinsurgency literature that connotes a peaceful area, secure area. So what you're trying to do is to always extend that, to push that out.
Yet, if we accept the solution offered today by this bill to explore and develop for oil on the coastal plain of ANWR, it will be 5 years, at least, and probably closer to 8 before the first barrel of oil flows from that effort.
I can understand where the oil company wants to deduct the cost of drilling a well. That's one of the tax breaks for oil companies - the subsidies - they get to deduct the cost of the well the year you drill.
All told, these profit levels have put the world's five largest publicly traded oil companies on track to earn more than $100 billion before year's end. Yet, at the same time that Big Oil's bottom line is going up, so are Americans' energy costs.
Over time, there's a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets week, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up. We saw...
[trying to unlock the cage lock to Stromboli's cage so Pinocchio can get out] Jiminy Cricket: Needs a little oil. ["Needs a little oil" echoes through the lock] Jiminy Cricket: That's what I said.
Ted Striker: [plane loses an engine] The oil pressure. I forgot to check the oil pressure! When Kramer hears about this, the shit's going to hit the fan! [in the office, shit hits a fan and splatters all over the room]
Opinions are to the vast apparatus of social existence what oil is to machines: one does not go up to a turbine and pour machine oil over it; one applies a little to hidden spindles and joints that one has to know.
Hana: The war's over - you told me yourself. How can it be desertion? Oliver: It's not over everywhere. I didn't mean literally. Hana: [looking at Almasy] When he dies I'll catch up. Oliver: [looking over the small cache of provisions] It's not safe ...
David Huxley: First you drop an olive, and then I sit on my hat. It all fits perfectly. Susan Vance: Oh, yes, but you can't do that trick without dropping some of the olives; it takes practice. David Huxley: What, to sit on my hat? Susan Vance: No, t...
My very, very first professional job was when I was 19 years old - I got a job doing an educational industrial film on Shell Motor Oil's oil products. I really put my heart into it - I wrote a script for it, I did a lot of research.
As long as the United States - and the world - gets its oil from the Middle East, we will be drawn into the endless crises that seem endemic to the region. American energy independence would not only liberate us, it would also drive down the worldwid...
I was in oil when oil was $8 a barrel and in construction when interest rates were 20 percent. I was looking for something everyone used and where you could build a customer base - and if it was successful, you could take it nationwide and even world...
If you ask the average person on the street about U.S. energy and U.S. oil in particular, our situation, most Americans would say, 'Oh, we're energy poor; we don't have enough oil; we don't have enough natural gas.'
Now it will take a long time to scale biofuels, but I'm the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I'll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, ...
First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's hi...
