90 Quotes About Arabia

Saudi Arabia has the oil reserves and the domestic capital to boost their production. But they might not want to increase their investments to boost production. They may want to influence the world price environment.

The embassy strongly urges all American citizens in Saudi Arabia to be especially vigilant when they're in any area perceived to be American or Western.

If you look at what we did in our library -- we reduced greenhouse gas emissions by 34 percent, we reduced our electric bill by 34 percent, with more efficient lighting, more efficient heating, all kinds of conservation measures. We have over 300 solar panels which were made in America. So instead of sending money to Saudi Arabia or someplace else for oil we sent the money to an American manufacturing company to hire Americans to make solar panels. So it is good business.

If you compare the size of our reserves of Saudi Arabia and the whole Middle East, it's like three times as much as all of that combined and that's just the easily, readily available 1800 billion barrels and there are probably 3 billion barrels that are commercially just under that, available.

We are not interested in becoming the Saudi Arabia of ethanol. It's not our strategy because it doesn't produce results. As a large producer and user, I need to have other big buyers and sellers in the international market if ethanol is to become a commodity, which is our real goal.

I think the real target of al-Qaeda is Saudi Arabia by the way. They hate us and we're a vehicle to get at Saudi Arabia. I think Osama bin Laden really wants to topple that regime and have his people move in, but that's a whole other story.

I don't have any specific concerns about Saudi Arabia at this time.

In our outlook we only have two million barrels per day of spare capacity, most of which will be in Saudi Arabia and most of which will be sour. We continue to see that as a pretty tight market.

The last time inventories were this high was in early 1999 when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.