A small group of people, they raise the price of oil and the whole world will suffer from this.
Ahmed Zaki YamaniThe 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 of oil. The consumers are those who are the victims so I think that the producers, the governments, some of them, they're enjoying the high revenue that they get.
Ahmed Zaki YamaniThe first law of economics is that when the price goes up, consumption comes down. This is a divine law.
Ahmed Zaki YamaniI 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