Quote

Europe and North America, we are told, are less dependent on energy-intensive heavy industry than in the 1960s and 1970s. It seems we squeeze more GDP out of a barrel of oil than in those benighted days.

James Buchan

Change background

T
T
T

Change font

TAGS & TOPICS

James Buchan
Age: 70
Born: 1954
Born: June 11
Journalist
Novelist
James Ernest Buchan
Hon. James Ernest Buchan
America
Heavy
Benighted
Europe
Intensive
Industry
Squeeze
Told
Barrel
Days
Barrels
Less
Oil
Energy
North
Seems
Dependent

More quotes by James Buchan

Image
Liberty in Islam is the liberty to be a Muslim, democracy likewise, individualism likewise.
James Buchan
Image
Nature is not simply a technical or economical resource, and human beings are not mere numbers. To suggest that one can somehow align all the squabbling institutions of science, environmental management, government and diplomacy in an alliance of convenience to regulate the global climate seems to me optimistic.
James Buchan
Image
In rising financial markets, the world is forever new. The bull or optimist has no eyes for past or present, but only for the future, where streams of revenue play in his imagination.
James Buchan
Image
One of the consequences of the Iranian revolution has been an explosion of history. A country once known only from British consular reports and intrepid travelogues is now awash with historical documents, letters, diaries, grainy video, weblogs and secret police files of questionable authenticity.
James Buchan
Image
Saudi Arabia is a puritanical state that claims a monopoly of wisdom and virtue.
James Buchan
Image
Cause and effect, the riddle of all history, is a particular devil in financial history and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.
James Buchan
Image
Financial crises are like fireworks: they illuminate the sky even as they go pop.
James Buchan
Image
To make a love story, you need a couple of young people, but to reflect on the nature of love, you're better off with old ones. That is a fact of life and literature - and of the novel ever since it fell in love with love in the 18th century.
James Buchan
Image
The world survived the fall of the Roman empire and will no doubt outlast our own so much more splendid civilisation.
James Buchan
Image
The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.
James Buchan
Image
The truth is, of course, that history is not completed in modern commerce any more than philosophy is perfected in political economy. In other words, there is nothing timeless or God-given about filling stations and penicillin and plastic bags.
James Buchan
Image
What holds an Arab leader in power is a mixture of violence and prestige. Both President Assad and King Hussein were felt to have defended Arab interests against the world. That, in the end, is more important than what they wear on their head.
James Buchan
Image
A century ago, petroleum - what we call oil - was just an obscure commodity today it is almost as vital to human existence as water.
James Buchan
Image
Since the attack on the United States on September 11 2001, and the US retaliation in Afghanistan and Iraq, there must be few people who have not felt a twinge of nostalgia for the cold war.
James Buchan
Image
Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A long-lived boom driven by cheap credit, going back as far as 1982 (though subject to interruptions in the mid-1980s and 1990s, and in 2001), came to grief because of a rise in the cost of borrowing money.
James Buchan
Image
Governments of rich countries spend some $6bn of tax money a year on disaster relief and development aid overseas, while each new earthquake, famine or tidal wave can attract 1,000 aid organisations, from the United Nations Children's Fund and Oxfam to the 'Jesus Brigades' of the American south and other charitable adventurers.
James Buchan
Image
There are about 15 million Muslims in the EU. They face ignorance, insult and even persecution. They cannot be wished away. To impose Enlightenment freedoms is self-defeating. Anyway, the Muslims have their own enlightenment.
James Buchan
Image
Whatever else it was, Adolf Hitler's short-lived regime was also a colossal industrial process by which the wealth and productive power of much of Europe was wrenched from its normal purposes and converted into a machine for killing.
James Buchan
Image
Life without oil, in fact, would be so different that it is frightening to contemplate. We are addicted, and it is no comfortable addiction.
James Buchan
Image
It is time to end the western policy of malign neglect. It is in the interest of the whole world to help tackle the actual grievances in Palestine, Kashmir, and in central and southern Iraq, and to help the region out of its economic backwardness.
James Buchan