The first law of economics is that when the price goes up, consumption comes down. This is a divine law.
The Stone Age didn't end because we ran out of stones, and the age of oil won’t end because we run out of oil. - Ahmed Zaki Yamani
The Stone Age didn't end because we ran out of stones, and the age of oil won’t end because we run out of oil.
- Ahmed Zaki Yamani
A small group of people, they raise the price of oil and the whole world will suffer from this. - Ahmed Zaki Yamani
A small group of people, they raise the price of oil and the whole world will suffer from this.
I think the main problem we have is the pricing of oil as it is now. I think it's wrong. It does not reflect the fundamentals of supply/demand. - Ahmed Zaki Yamani
I think the main problem we have is the pricing of oil as it is now. I think it's wrong. It does not reflect the fundamentals of supply/demand.
The oil companies are really making a very lucrative amount of profit from the high price of oil. I don't that they're very keen to reduce the price … - Ahmed Zaki Yamani
The oil companies are really making a very lucrative amount of profit from the high price of oil. I don't that they're very keen to reduce the price …
The first law of economics is that when the price goes up, consumption comes down. This is a divine law. - Ahmed Zaki Yamani
Every day we hear about a new invention here and there and they are reducing considerably their consumption of oil. But the day they use hydrogen for… - Ahmed Zaki Yamani
Every day we hear about a new invention here and there and they are reducing considerably their consumption of oil. But the day they use hydrogen for…
I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades. - Ahmed Zaki Yamani
I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.
The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil. - Ahmed Zaki Yamani
The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.
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