OIL QUOTES III

quotations about oil

Oil quote

Many have blamed the gasoline shortages and long lines at filling stations in 1973 on the Arab Oil embargo of that year. However, the shortages and long lines began months before the Arab oil embargo, right after price controls were imposed.

THOMAS SOWELL

Basic Economics: A Citizen's Guide to the Economy


Pardon me, ye that give the midnight oil,
To learned cares, or philosophic toil.

WILLIAM COWPER

"Retirement"

Tags: William Cowper


The birthplace of the modern oil industry is commonly considered to be Titusville, Pennsylvania. There Edwin Drake drilled his first modern oil well in 1859. However, oil had been produced in Europe and Russia for several decades before. It was in the United States that the real oil rush was born, where it was distilled into kerosene to use in lighting. Oil was also used as a lubricant for machinery in the growing industrial manufacturing sector. Gasoline, as it happens, was an unwanted by-product of refining at the time due to its volatility.

RAULI PARANEN

The World After Cheap Oil


Gold is where you find it, according to an old adage, but judging from the record of our experience, oil must be sought first of all in our minds.

WALLACE PRATT

Oil in the Earth


Oil creates the illusion of a completely changed life, life without work, life for free. Oil is a resource that anaesthetises thought, blurs vision, corrupts.

RYSZARD KAPUSCINSKI

Shah of Shahs


Why are politicians so eager to pin the blame for oil prices on speculators? Because it lets them believe that we don't have to adapt to a world of expensive gas.

PAUL KRUGMAN

"Fuels on the Hill", New York Times, June 27, 2008

Tags: Paul Krugman