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 transportation, this is the day that oil disappears.
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 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 YamaniThe 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