Month: March 2015

“It’s disappointing that American Petroleum Institute continues to look for reasons not to engage in improving safety of oil transported by rail.” –Suzanne Emmerling, spokesperson for the Federal Department of Continue Reading

The rise in the Saudi Aramco oil rig count had been evolving over a long period. “You need to drill more wells if you are producing 10 million barrels per Continue Reading

[Advocating for U.S. oil exports] “It is time to build policies that reflect our newfound [oil] abundance, that view the future with optimism, that recognize the power of free markets Continue Reading

“Is there a black swan that we don’t know about which will come by 2050 and we will have no demand [for oil]?” — Saudi Arabia oil minister Ali al-Naimi

“The fiscal position of Venezuela will suffer the most from the decline in world oil prices, as its public sector derives a large share of its fiscal revenues from oil Continue Reading