Quote

I don't think we're going to see the price of oil going down in the near future, that's the reality.

Oil prices have certainly become a threat for the world economy.

We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.

There are going to be questions about what major oil companies are doing with all of the resources they're accumulating. They can't escape that.

Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.

I can never predict what the markets will do. Sometimes it does the exact opposite of what I would have expected.

If the Administration does nothing, high gasoline prices will continue to increasingly burden our economy, taking millions of dollars out of the hands of families and putting it straight into the pockets of OPEC.

Even if the economy crashes, we will still burn oil.

If the world market believed that we were serious about energy independence and we were going to utilize all of our own existing resources, the speculators would stop speculating up they start speculating down as we get our own oil out of the ground.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.