I do not remember when I said this [oil production would…
![“I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening…” quote by Vladimir Putin](https://sms4smile.com/q/img-quotes/3f7/vladimir-putin-261_certain_i-do-not-remember-when-i-said-this-oil-p_1570466.jpg)
“I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
He suggests that high oil prices discourage new exploration, yet workers still invest despite market doubts.
In simple terms: High prices discourage new oil finds, but workers keep investing.
Key Takeaway
Recognize market signals and investment resilience.
Themes
energy economics
investment behavior
resource management
Mood
cautious
analytical
Type
political
economic
strategic
When to use this quote
- energy policy analysis
- investment strategy
- risk assessment
Key Concepts
price elasticity
exploration risk
industry resilience
Questions to Reflect On
- How do price changes affect exploration decisions?
- What drives continued investment despite low prospects?
A Different Perspective
Market dynamics may shift unexpectedly, affecting long-term planning.