Petroleum Quotations | Page 2

In addition to huge nuclear expansion in China, India and Eastern Europe, President Bush continues to promote the expansion of U.S. nuclear power -- a goal we note would help to alleviate a growing U.S. dependency on imported petroleum. Imports of crude & refined products now represent almost 60% of U.S. petroleum consumption - up from 30% in the mid-1980s. Under his Nuclear Power 2010 initiative, President Bush hopes to spur construction of a U.S. greenfield nuclear power plant by the end of the decade.

A plug-in vehicle with even a 20-mile range could reduce petroleum fuel consumption by about 60 percent.

A new refinery is important now for the short term because we'd like to have cheaper gasoline for our transport sector and industry. We have to take advantage of Mexico's offer because we're not going to exploit our own petroleum resources. We won't put our biodiversity at risk.

So much of what contractors use is petroleum derivative stuff.

The budgetary increases are a farce. If he really believed in decreasing dependence on foreign oil, he would not have pushed through an energy bill that was full of giveaways to the petroleum industry, with only marginal support to other forms of energy.

The effects of Katrina will be felt throughout the economy, reducing demand and keeping a lid on energy prices. The federal government is ready to release barrels from the Strategic Petroleum Reserve and there is significant help coming from abroad.

The IIC claims that Mr. Sevan received money from African Middle East Petroleum in concert with Fred Nadler, a friend, and a relative by marriage of Mr. (Fakhry) Abdelnour, the principal of AMEP.

The events of today are another indication of how tight and impenetrable the existing Saudi security system is at main petroleum infrastructure around the country.

The margin for error on this issue is practically nonexistent. You can never spend enough on security for the petroleum industry in Saudi Arabia. One error will have global repercussions.

It's odd that a city the size of Houston ? one that's the petroleum capital of the world ? doesn't have a Top 50 agency.

Everyone knows how high prices have been and how volatile they are for petroleum products this year,

It's so under-explored it's almost unexplored...in fact some of our petroleum basins have not had a single well put in them.

They (oil companies) have become financial engineers rather than petroleum engineers. I'd like to see them show a little more effort in the development side internally than they have lately.

There's a ripple effect through the entire economy. A lot of petroleum products are going up in costs, which could mean possible increases on furniture prices for the consumer.

We will use the Strategic Petroleum Reserve if there is a severe energy-supply disruption threatening our nation's security.

This was a concealed explosive device that was left on piles of LPG (liquefied petroleum gas) tanks. This was purely to sow terror.

Under a Kerry administration we'd likely have a much more interventionist SPR (Strategic Petroleum Reserve) policy,

The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.

I approved a company's request for loan from the Strategic Petroleum Reserve, ... I fully expect that the details of that loan will be released later today.

The market is now waiting for the U.S. government's oil stocks data. If there are any surprising declines in U.S petroleum stocks, crude futures will likely try to breach the $62 mark again.

The main story was oil. Volumes and prices both rose in June, so petroleum imports jumped sharply.

Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.

A smell of petroleum prevails throughout.