Owning reserves doesn't change the price. If the price of oil goes to 25 a barrel, and China owns a field in Sudan, the price for them is still 25.
Amy Myers Jaffe
Consumer response is the best remedy we have.
The second we get close to 0, speculators will drive up the price just to get there. Clearly, 0 is achievable in this marketplace.
drive price close
Russia is reminding people that they're the powerhouse of natural gas resources, but it's a false promise. They don't have their sector organized enough.
people promise false natural russia
At least maybe people will still start thinking about some of these issues.
people start thinking issues
change price china oil sudan
The U.S. Economy is a very strong economy; if there is a sudden cutoff of Saudi oil, and Americans suddenly have to pay a lot more to get gasoline, we'll do it.
strong economy americans oil
In a way, the left is controlling that agenda. They're just implementing it at the community and state level.
community state left
The industry wasn't 100 percent convinced that prices would stay high. We're just now at the point where they're starting to spend more.
starting industry
We really could have a very tight squeeze in October or November because we have no padding.
november
We haven't gone up in decades. It's very important, not only to the companies but to the United States.
important
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