D day Quote by Doug Leggate

OPEC production went from 30 million barrels a day to 33 million. They flooded the market, and it's lost them a lot of money.…

— Gary Shilling

Saudi Arabia is, of course, the keystone of OPEC. Saudi Arabia has had the distinction of remaining stable through all the escalating tumult of…

— James Howard Kunstler

I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because…

— David Wessel

Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago),…

— Matthew Simmons

Almost all of the demand for oil that suddenly pushed prices up was speculative demand. People began to speculate not only in stocks and…

— Michael Hudson

There is enough oil out there for world demand. It is true that a lot of what's driving oil prices up right now is…

— Barack Obama

The significant collapse of oil prices shows that it was previously way too high.

— Wolfgang Schauble

Once supply begins to dwindle, the years to follow will see shortages that at best will cause global recession, possibly worse than the 1930s…

— Kenneth S. Deffeyes

Supply and demand eventually rebalance. We've seen this again and again and again.

— James P. Gorman

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive…

— James Buchan

Food shortage will be to the 1990's what oil shortage was to the 1970's.

— Armand Hammer

Negative effects on the economy were covered up with a flood of liquidity from the Fed. That,plus lax regulation, led to a housing bubble,…

— Joseph Stiglitz