"There are signs that the age of petroleum……" — James Buchan
"There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation."
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James Buchan
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65 Quotes by James Buchan
James Buchan has 65 quotes on this site.
A few more worth reading:
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Liberty in Islam is the liberty to be a Muslim, democracy likewise, individualism likewise.
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A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as…
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Is there any purpose to translating poetry? A poem does not contain information of importance, like a signpost or a…
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Economists, like royal children, are not punished for their errors.
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Financial crises are like fireworks: they illuminate the sky even as they go pop.
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Of all the failed technologies that litter the onward march of science - steam carriages, zeppelins, armoured trains - none…
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Saudi Arabia operates according to the belief that God made young men and women so utterly and completely without self-control…
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Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit…
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Since the attack on the United States on September 11 2001, and the US retaliation in Afghanistan and Iraq, there…
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All UK nuclear power stations should be shut down without delay.
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Any new financial order for the world must tackle the three chief challenges of our age.
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By pouring money and goods into devastated regions, foreign aid workers sometimes compound the disruption and debauch the survivors.
See all 65 quotes by James Buchan »
More Adjusted Quotes
This quote is filed under Adjusted Quotes,
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Few people wear out before their time. Mostly they rust out, worry out, run out - spill out. A machine…
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And the trouble with me is that my ego just can't accept a loss. I suppose that if I were…
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Has there ever been an age so rife with neurotic sensibility, with that state of near shudders, or near hysteria,…
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There's something in us that is very much attracted to madness. Everyone who looks off the edge of a tall…
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Instead of adjusting students to docile membership in whatever group they happen to be placed, we should equip them to…
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Our model of Nature should not be like a building-a handsome structure for the populace to admire, until in the…
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The most difficult struggle of all is the one within ourselves. Let us not get accustomed and adjusted to these…
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A man who is ill-adjusted to the world is always on the verge of finding himself. One who is adjusted…
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