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“Look, I don't think President Obama would have bowed to the ruler of Saudi Arabia if he didn't have oil to the degree that the Saudis do. I think they and other producing states, almost all of whom, except Norway and Canada, are dictatorships or autocratic systems, have thrown their weight around because of oil.”

“Oil policy, policy toward the United States, policy toward Iran, Bahrain, Yemen, very unlikely, I think, to see significant change. These policies were the policies that had a wide family consensus. The question I think would be if the king becomes sick, whether you have weak Saudi leadership in the Arab world and the Middle East rather than strong Saudi leadership, but I think the fundamental policies will continue, the ones we’re familiar with under King Abdullah.”

“The people of the United States don't recognize it, but the oil industry has given the greatest gift to the people of the nation, and that gift is the low cost of energy. Bottom line is this enables the country to be very competitive manufacturing-wise and in the world economy.”

“Historically, the United States has had a wonderful energy policy. We're blessed with a diversity of resources. We have oil. We have gas. We have coal. We have nuclear. And renewables. And as a result, one of our biggest competitive advantages has been affordable energy. You need a strong economy and you need affordable energy to fuel that economy.”

“Now, the United States' response, the western response to this is a continuation of the appeasement that was started back in the '50s with Eisenhower when Iran seized western oil companies. The Americans, the British, and the Israelis, as I remember, launched an attack to try to reclaim it and - or at least the British and the Israelis did and Eisenhower vetoed it.”