“[Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20% below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Japan, $60 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year.] There's no question that oil is the strongest headwind for growth now, ... This is a very delicate moment, no doubt about it.”
Andy Xie
“Love is like energy. It can never be created nor destroyed...it is just always there. You just have to realize that fact and you have to learn that as soon as you stopped loving him in the way you did that love left to somewhere else. Now all you have to do is find out where that love went. That love went to whoever the next person in your life will be. That next person could be one of your friends or someone you might dislike, you just have to find that out.”
Ian Philpot
“To help the young soul, to add energy, inspire hope, and blow the coals into a useful flame; to redeem defeat by new thought and firm action, this, though not easy, is the work of divine man”
Ralph Waldo Emerson
“Think of the fierce energy concentrated in an acorn! You bury it in the ground, and it explodes into an oak! Bury a sheep, and nothing happens but decay.”
George Bernard Shaw
“In general, the economy is proving to be resilient to energy and gas price pressure. It's on a growth path. Even though oil prices are higher, the fundamentals of the economy are strong. Therefore, we see consumers' savings rate falling and spending up.”
Michael Englund
“Given the surging demand of energy prompted by China's rapid economic growth, Russia would like to increase energy co-operation oil and natural gas in particular with China.”
Sergei Razov
“Despite the combination of somewhat slower growth of productivity in recent quarters, higher energy prices, and a decline in the exchange rate for the dollar, core measures of consumer prices have registered only modest increases,”
Alan Greenspan
