Robert Ebel Oil Quotations

It is hard to find any reason to be sympathetic toward the oil companies today, but that doesn't make them evil.

We don't have that much influence over Chinese oil interests. We're watching. That's about all we can do.

Any time a country threatens to cut off oil supplies, the people in New York say, 'Golly, that'll happen,' and the price of oil goes up. They have a little leverage with their oil production. But if you cut off oil exports, you cut off your foreign exchange earnings.

It's a first step in China's move to diversify not only from where it gets its oil but also its means of delivery.

The Chinese are overpaying, but they have a lot of money from exports, and they want to spend it on any equity oil they can find.