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“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.”

“Some people have criticized the United States and the United States military for guarding oil fields and not guarding the Iraqi National Museum which had priceless antiquities in it. They say that this shows a fundamental lack of respect for Iraqi history. I want to remind those people of this: The oldest relics in the museum, 5,000 or 6,000 years old. That oil is 65 million years old. You had to guard that. ... Those antiquities will only last another 5,000 or 6,000 years. When we burn that oil, those fumes will linger long after.”

“The main implication is a remapping of the world in line with American policy and American interests. Natural resources are limited, and the United States wants to make sure that its own population is kept supplied. The principle effect of this will be for the United States to control large parts of the oil which the world possesses.”

“The irony of environmental opposition to the Keystone XL project is that stopping the pipeline to the U.S. will not stop production in the oil sands of Canada. Instead of coming to the United States, the oil will still be produced and shipped by rail or a pipeline similar to the Keystone XL to Canada's Pacific Coast.”

“The drilling idea is spherically senseless - it's senseless from whatever point of view you look at it. It'd take 10 years to bring any oil online, and it would probably go to Japan. It sure wouldn't help gasoline prices here. All the economists say gasoline is still too cheap in the United States anyway. So here we're having this huge debate over offshore drilling that is just straightforward nonsense, which won't surprise you.”