Certain Quote by Vladimir Putin
![“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/quotes/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
Source Speech: Public remarks on energy policy, Russia, 2023
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.
![“I believe that in fact it would be economically reasonable and logical to reach a compromise [on oil production], I am sure that everybody understands this.” quote by Vladimir Putin](https://sms4smile.com/quotes/img-quotes/13d/vladimir-putin-261_believe_i-believe-that-in-fact-it-would-be-econo_2907658.jpg)
![“Their [the U.S.’s] defense budget in absolute figures is almost 25 times bigger than Russia’s. This is what in defense is referred to as ‘their home — their fortress.’ And good for them, I say. Well done!” quote by Vladimir Putin](https://sms4smile.com/quotes/img-quotes/ec3/vladimir-putin-261_absolutes_their-the-u-s-s-defense-budget-in-absolu_10791.jpg)
![“They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas…” quote by Vladimir Putin](https://sms4smile.com/quotes/img-quotes/fab/vladimir-putin-261_change_they-leaders-in-western-europe-do-not-mi_43180.jpg)
