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Years Ago Quotes

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“Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.”

“Industrial agriculture now accounts for over half of America's water pollution. Two years ago, Pfiesteria outbreaks connected with wastes from industrial chicken factories forced the closure of two major tributaries of the Chesapeake and threatened Maryland's vital shellfish industry. Tyson Foods has polluted half of all streams in northwestern Arkansas with so much fecal bacteria that swimming is prohibited. Drugs and hormones needed to keep confined animals alive and growing are mainly excreted with the wastes and saturate local waterways.”

“A hundred years ago-even 20 or 30 years ago-it was possible, if not always easy, to close major business by calling on and satisfying a key decision-maker. Today, every piece of business entails multiple decisions, and those decisions are virtually never made by the same person. Not only do you have to contend with multiple decisions, but the people who make those decisions may not even work in the same place.”

“Speaking as someone who bought the party line for far too long, you would be amazed what you can believe if you keep convincing yourself the press, the libs, the universities - hell, everyone but a few on the religious fringe and big business - are out to get you. I was lucky - I started to snap out of this a couple of years ago and hopefully will now apply to both major parties the same skepticism and cynicism I had in the past reserved for Democrats.”

“That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.”

“On both of my major trips to North Korea, the leaders of the country made it plain that they want to make progress towards doing away with nuclear weapons and towards ending the longstanding, official state of war which persists between North Korea and the United States and South Korea, a war which has continued since the ceasefire over fifty years ago. That sort of thing happens quite often when we meet with people who are kind of international outcasts with whom the government of the United States won't meet.”

“Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society – and especially in the economy – as doing something different rather than doing better what is already being done. This is basically what Say, two hundred years ago, meant when he coined the term entrepreneur.”

“Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.”