If we had 70.0 dollars per barrel on oil prices in the midst of a recession, I would be very worried, but 70.0 dollars when the world economy is growing at over 4.0 percent is not such a big worry.
Julian Jessop
Related The contracts were signed when a barrel of oil cost 18.0 or 19.0 dollars, whereas nowadays a barrel ... EVO MORALES There has been a rising floor underneath oil prices, ... Last year we were worried about $40 a barre... JAN STUART Economic confidence is weak because of high oil prices, but all that will change once oil is back do... DAVID BROWN Some 20 to 30 dollars (in the price per barrel) is pure speculation, GERHARD SCHROEDER You know, oil prices from 2007, on the strength of a very robust global economy and a very robust em... REX TILLERSON Oil prices could be a worry. We're not at the stage of a serious rise (in oil prices), so the impact... JASON HWANG The world will have to get used to a barrel of oil priced above 50 dollars, ... It will be difficult... HUGO CHAVEZ It's really amazing. Our economy is growing at over 4 percent real growth and in the midst of that w... KATHLEEN CAMILLI Considering where prices are now, flirting with their record level of August 2005 (70.85 dollars a b... FRANCIS PERRIN Is the economy in the midst of a recession? We find this difficult to believe. CAMERON BAGRIE For prices to drop below the $50-per-barrel range, we would need to see a significant slowing in wor... BOB DOLL A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened a... DANIEL YERGIN Although crude oil continues to sell at more than $60 per barrel, some analysts say the price of oil... ELLIOTT EKI [Much of that imported oil leaves the country soon after it arrives.] The economy is growing at just... MICHAEL CHAMBERS If I can save 25 billion dollars in terms of reduction of import, I will be adding one percent to th... VEERAPPA MOILY We have seen record levels for natural gas prices. It would have been impossible to predict that cru... BRYAN BRADSHAW Right now, [our] leading indicators clearly show that the U.S. economy is in a window of vulnerabili... LAKSHMAN ACHUTHAN Prices are rising because of expectations. If we have it in our heads that oil is going to do well a... DAVID ANDERSON Forty U.S. dollars per barrel is a reasonable price, taking into consideration production costs, sup... DON VOELTE Over and over, we hear politicians say they can't spend our tax dollars on environmental protect... DAVID SUZUKI [Even so, he thinks oil exploration and production stocks may still be worth a look. Some of the sto... BEN HALLIBURTON It cost about just over 25 million dollars per mile in early 1960s dollars. PETER ALTER The possibility exists that they would get upset with us at some pint and sell dollars. And if they ... CLYDE PRESTOWITZ I thought I would set the world on fire when I got out of college. I had done quite well in a field ... R. A. SALVATORE Now that the baseline of demand has returned and (oil) prices returned to around $20 to $21 a barrel... ALAN KRAL That's right; millions of your hard-earned tax dollars would go to the same companies reaping the be... JOHN DINGELL With oil at above US$67 per barrel, this is likely to once again raise investors' concern over the i... CARMEN LEE Despite uncertainties on interest rates and oil prices during 2005, about 70 companies would be list... EDMOND CHAN His life seemed like a deck of cards, and in the midst of all those two’s and three’s someone ha... TEKOA MANNING A far more muscular use of the SPR is what is needed at a time when oil is over $70 a barrel. CHUCK SCHUMER If fears of significant harm to the supply of oil, due to geopolitical reasons from places like Iran... AMIT MOR Tourism dollars over people's safety. We all work on an island that thrives on tourism dollars. I'm ... LISA KENNEDY As oil prices go below $60 per barrel, it should translate to yen strength. I think we are far close... BORIS SCHLOSSBERG If global oil prices or commodity prices are high, then it is bound to create inflation. So, we shou... ADI GODREJ I am certainly worried about oil prices but not worried about indigenous manufacturing inflation whi... ABHEEK BARUA Russia does not have a modern economy: it's a petro-power. The only thing it sells that the worl... KATHLEEN TROIA MCFARLAND I think that what we may be seeing is the realization that if crude is not the problem, then we can'... BILL O'GRADY The biggest factor is the rising oil price at $67-$68 (per barrel) ... We have to limit unnecessary ... JUSUF KALLA Our previous view ascribed a 50 percent to 60 percent probability to a Delta Chapter 11 filing. We n... MICHAEL LINENBERG Life is not a game. Still, in this life, we choose the games we live to play. J.R. RIM Seventy dollars a barrel is a level that has invoked a political reaction. MARK KEENAN India's economy is growing at seven to eight percent over the last 15 years, INDERJIT SINGH The world is a beautiful place to be born into if you don't mind happiness not always... LAWRENCE FERLINGHETTI China gets their oil from Libya. Why isn't China involved? They're going out spending billio... DONALD TRUMP When I put my children back in the Boys and Girls Club this year they told me it would be ten dollar... ELIZABETH WOOD Sugar prices in the past few months have pulled back because of the weaker oil price. Now that oil i... CHRISTOPH EIBL Once the market realizes there is no real threat of an immediate conflict, the market will calm down... EUGENIO ALEMAN We have 85 percent of our fuel bill hedged at $26 a barrel. Because we were able to purchase insuran... BETH HARBIN The price-tag for all this is going to be enormous - tens of millions of dollars per year for at lea... CLAUDE GASCON I noticed over the summer, 90 percent is placing the barrel on the ball. That's all you need, and th... ANTHONY SANTA Every barrel of oil that we produce around the world benefits Americans because it keeps prices down... JOHN S. WATSON Mother Superior jump the gun... -The Beatles, Happiness is a Warm Gun LAUREN MYRACLE The message is clear about the impact of energy. If by some chance the cost of oil were to reach $10... GEORGE CLOUTIER Empathy is the new measurement of everything. It doesn't matter what religion you have, what God you... C. JOYBELL C. The economy is not in a recession. This economy had enormous spending imbalances that it had to work... JAMES ANNABLE Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news i... BEN S. BERNANKE oil prices have become certainly a threat to the world economy. RODRIGO RATO Oil prices have certainly become a threat for the world economy. RODRIGO RATO Oil prices are effectively a tax and we want a low-tax global economy. I am happier with lower price... EDWARD MENASHY I think it's interesting that on a day when crude oil closes over $50 a barrel for the first time, t... DONALD SELKIN We came up with 500 beds, but at a cost of over a million dollars. KATHERINE MARTIN Currently the international oil prices are at high levels. Against this backdrop, we would face big ... ZHANG GUOBAO You don’t need no gun control, you know what you need? We need some bullet control. Men, we need t... CHRIS ROCK Fifty dollars is conservative. The 'powers that be' worry about giving away something and not gettin... BRIAN PLATTER We've backed ourselves into a very dangerous situation. The economy is dependent on everyone consumi... DEAN BAKER Integrity is not everything, but it is the only thing that matters. JEFFREY FRY We give big tax cuts to the oil industry in this country even though they are making billions of dol... DAVID SENTER Without direct financial intervention by the federal government we could soon see the financial liqu... JAMES OBERSTAR Medicare is growing at a rate of 8.5 percent per year, the federal budget at 5.2 percent and the gro... GAIL WILENSKY There is a reason for stock markets to be worried. But I don't think we need to talk about recession... ROBERT BRUSCA To be a poor man is hard, but to be a poor race in a land of dollars is the very bottom of hardships... W. E. B. DU BOIS Factors in the U.S. will keep moving oil prices. The U.S. will continue to import oil products to fe... HISAO SATO Uncertainties over the situation in Iran have led us to dust off our $70 per barrel oil price scenar... BRIAN COULTON Yesterday, you had a relief rally because the price of oil dropped so much, but I'm not sure how muc... BRIAN BENSCH While the focus of recent international attention has rightly been on the tragic events in the U.S.,... GORDON BROWN The total station economy is about $800 million dollars a year, and about $90 million comes from the... RON SCHILLER You're full of contradictions, Ms. Wallace." I looked up at him and arched a brow. "I'm a girl... TAMMARA WEBBER We believe that the oil ministers are inclined to defend a $55 per barrel floor in the near term. ADAM SIEMINSKI People were thinking that, if the oil refineries take a direct hit, energy prices would shoot up and... GEORGE GONCALVES We are asking the prices and if we get what we are asking I will be donating one million dollars for... LAZAR MAKYADETH I think the World Cup is the priority now, it doesn't matter about the money. I think whether it be ... LUCAS NEILL A year ago some said that the doubling of oil prices would push our inflation far beyond target and ... GORDON BROWN But I do mean to say, I have heard her declare,When at the same moment she had on a dressWhich cost ... WILLIAM ALLEN BUTLER Europe has shrugged (high oil prices) off pretty well but I think we will see $70 a barrel and that ... DANIEL BIRCH I am very pleased that Governor Perry and his Commissioner of Education firmly believe that more edu... CATHIE ADAMS The longer the oil prices stay at this level, the more of a weight it puts on the market. That said,... JOE LIRO according to the agreement, Kuwait will supply Lebanon with 500,000 tons of gas oil per year for thr... SHEIKH AHMAD Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel o... FAREED ZAKARIA I have to admit that the rise in oil prices is having an impact on the Chinese economy. ZHU ZHIXIN An economy growing at 7 percent per year, can and must find the resources ... to improve the lives o... SONIA GANDHI The struggle is part of your story but Everything will be in place in the right situation at a perfe... NAPZ CHERUB PELLAZO If we didn't have the rest of the world growing, the United States economy would be in much wors... FAREED ZAKARIA If the music business grew by a billion dollars, if the paperback book business grew by a billion do... CRAIG KORNBLAU I'd marry again if I found a man who had fifteen million dollars, would sign over half to me, and gu... BETTE DAVIS The worry is the shortage of dollars. The market is watching their reserves position. DESMOND SOON If crude oil prices hit $60 a barrel, that's going to stir up old fears of higher energy prices and ... ANDRE BAKHOS We plan to maintain our 10-15 percent (price) premium over our competitors. We are paying close atte... EDOUARD MICHELIN Moderation of oil prices would be very, very welcome. But overall I think we are in a position of st... JOHN W. SNOW We'll see crude prices ranging anywhere from $45 per barrel to $75 per barrel this year. HENRY GROPPE We ended the year with over a billion dollars in cash reserves, a 21 percent return on invested capi... BRIAN HALLA
More Julian Jessop
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JULIAN SCHNABEL We know that in our free market economy some will prosper more than others. What we don't accept... JULIAN CASTRO Braque was like some hilltop castle that Picasso was constantly besieging. He invests it, bombards i... JULIAN BARNES She found him propped against a wall, clearly very severely injured. JULIAN SMITH I just wanted to make sure that the team didn't feel like, 'Oh, woe is me' after last week. That's w... JULIAN PETERSON Daily life is better when it involves interactions with real people who have a personal investment i... JULIAN BAGGINI Do we tend to recall the most important parts of a novel or those that speak most directly to us, th... JULIAN BARNES Philosophy is at its most engaged when it is impure. What is being recovered from the Ancient Greek ... JULIAN BAGGINI I enjoy songwriting. It's slow-motion improvising. JULIAN CASABLANCAS You can either be informed and your own rulers, or you can be ignorant and have someone else, who is... JULIAN ASSANGE I found in investigative journalism it is always best, if you have any language skills, not to admit... JULIAN ASSANGE Most people believe, more or less, that the value of a human life is the same, irrespective of where... JULIAN BAGGINI I think competitiveness between two people is still relevant, and the battle of the sexes still intr... JULIAN OVENDEN I'm always writing something. I've got so much stuff, I don't know what to do with it. S... JULIAN CASABLANCAS Untested assumptions and lazy habits of thought can be shown up, once put in a spotlight of a differ... JULIAN BAGGINI The land of embarrassment and breakfast. JULIAN BARNES The writer's life is full of frailty and defeat like any other life. What counts is the work. Yet th... JULIAN BARNES You grew old first not in your own eyes,but in other people's eyes;slowly,you agreed with their opin... JULIAN BARNES Books say: she did this because. Life says: she did this. Books are where things are explained to yo... JULIAN BARNES The secret of happiness is to be happy already JULIAN BARNES The writer must be universal in sympathy and an outcast by nature; only then can he see clearly JULIAN BARNES Me and my books, in the same apartment: like a gherkin in its vinegar. JULIAN BARNES I have to say, I'm good with gifts. If I find something perfect for a certain person, I'll j... JULIAN CASABLANCAS If I hung one of my paintings next to someone else's, I knew mine would kind of pop off the wall... JULIAN SCHNABEL I'm not saying I'm the only Jewish person who cares about Palestinian people, but unfortunat... JULIAN SCHNABEL I do think that some of us began to realize that this was going to be a long struggle that was going... JULIAN BOND I don't assume that I am going to be cast as a Glaswegian landlord. JULIAN OVENDEN It's a significant contribution if we can get immigration reform done. JULIAN CASTRO No matter how convinced we are that someone is nasty, evil or just plain criminal, if they have not ... JULIAN BAGGINI Stopping leaks is a new form of censorship. JULIAN ASSANGE