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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I think you can't really escape any kind of spiritual education as a child, whether it's New Age or Judaism or Buddhism or whatever it is. You can't escape it, even if you completely disagree with it, you still have it as a foundation that you base things off of. -
When I write about a 15-year old, I jump, I return to the days when I was that age. It's like a time machine. I can remember everything. I can feel the wind. I can smell the air. Very actually. Very vividly. -
If the nineteenth century was the age of the editorial chair, ours is the century of the psychiatrist's couch. -
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The passions grafted on wounded pride are the most inveterate they are green and vigorous in old age.
More quotes by James Buchan
- Any new financial order for the world must tackle the three chief challenges of our age.
- 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.
- Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.
- Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required.
- Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.