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The first law of economics is that when the price goes up, consumption comes down. This is a divine law.

Ahmed Zaki Yamani

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Business Consumption Divine Economics First Law Price

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It does not reflect the fundamentals of supply/demand.
AHMED ZAKI YAMANI

Demand Fundamental Reflect Supply
A small group of people, they raise the price of oil and the whole world will suffer from this.
AHMED ZAKI YAMANI

Group Oil People Price Raise Suffer Suffering World
I 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

Doe Main Oil Pricing Problem Thinking Wrong
The 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

Age Before Long Oil Run Running Stone World
But the day they use hydrogen for transportation, this is the day that oil disappears.
AHMED ZAKI YAMANI

Day Disappear Hydrogen Oil Transporation
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 YAMANI

Consumer Enjoying Government High Price Produce Reduce Victim
The Stone Age didn’t end because we ran out of stones, and the age of oil won’t end because we run out of oil.
AHMED ZAKI YAMANI

Age Investing Oil Out Ran Stone
The oil companies are really making a very lucrative amount of profit from the high price of oil.
AHMED ZAKI YAMANI

Company Government High Making Oil Price Profit Really Thinking
Every day we hear about a new invention here and there and they are reducing considerably their consumption of oil.
AHMED ZAKI YAMANI

Consumption Day Every Hear Invention New Oil Reduce Use
I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.
AHMED ZAKI YAMANI

Best Decade Expand Life Oil Reduce Span Three Two
The first law of economics is that when the price goes up, consumption comes down. This is a divine law.
AHMED ZAKI YAMANI

Business Consumption Divine Economics First Law Price

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