There are signs that the age of petroleum has pass...

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.

-James Buchan

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Frequently Asked Questions (FAQ)

Who said "There are signs that the age of petroleum has pass... "?

"There are signs that the age of petroleum has pass... " is one of a famous quotes by James Buchan. Complete quote is as follows;
"There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation."

What is "There are signs that the age of petroleum has pass... "?

"There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation." This is a quote by James Buchan which is about . He is known to have been associated with numerous other thought provoking quotes on these topics like;

  • Age is an issue of mind over matter. If you don't mind, it doesn't matter.
"

What does "There are signs that the age of petroleum has pass... " mean?

This quote is primarily about age although it also includes other themes like . It is attributed to James Buchan. Complete quote is as follows;
"There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation."

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