Ahmed Zaki Yamani Quotes
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The first law of economics is that when the price goes up, consumption comes down. This is a divine law.
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Every day we hear about a new invention here and there and they are reducing considerably their consumption of oil. But the day they use hydrogen for transportation, this is the day that oil disappears.
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I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.
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I think the main problem we have is the pricing of oil as it is now. I think it's wrong. It does not reflect the fundamentals of supply/demand.
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The Stone Age didn't end because we ran out of stones, and the age of oil won’t end because we run out of oil.
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A small group of people, they raise the price of oil and the whole world will suffer from this.
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The oil companies are really making a very lucrative amount of profit from the high price of oil. I don't that they're very keen to reduce the price of oil. The consumers are those who are the victims so I think that the producers, the governments, some of them, they're enjoying the high revenue that they get.