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James Buchan Quotes


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Quotes by James Buchan

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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

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Financial crises are like fireworks: they illuminate the sky even as they go pop.

~James Buchan

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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

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An atheist is a man who has no invisible means of support.

~James Buchan

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Economists, like royal children, are not punished for their errors.

~James Buchan

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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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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

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For 50 years, nuclear power stations have produced three products which only a lunatic could want: bomb-explosive plutonium, lethal radioactive waste and electricity so dear it has to be heavily subsidised. They leave to future generations the task, and most of the cost, of making safe sites that have been polluted half-way to eternity.

~James Buchan

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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

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Were there peace and justice in the Middle East, the Arabs would no more need their tinhorn dictators than they would their corpulent princes.

~James Buchan

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Biography

Nationality: British

Type: Novelist

Born: June 11th, 1954

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