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James Buchan Quotes

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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 Quotes) 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 Quotes) 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 Quotes) 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 Quotes) 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 Quotes) For all their current prestige, Osama bin Laden and the suicide bombers are still regarded in all but the most desperate districts of Gaza or Peshawar as romantics with little chance of more than symbolic victories, however bloody and brutal. That gives both the Middle East and the West a small and distant hope of security  (James Buchan Quotes) 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 Quotes) 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 Quotes) 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 Quotes) Even before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a more commercial system that took notice of the public property the departments were using. This system is known as resource accounting  (James Buchan Quotes) 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 Quotes) The rise to prominence of the Saudi novel in Arabic is the great man-bites-dog of recent world literature. Saudi Arabia is a country without a free press, where European styles and forms are distrusted and where the female half of the population became literate only in this generation  (James Buchan Quotes) 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 Quotes) 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 Quotes) The world dominion of western thought, forms of organisation, technology and military force is not God-given, nor eternal, nor greatly appreciated by the rest of the world.  (James Buchan Quotes) 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 Quotes) The west has a great deal to answer for in the Middle East, from Britain’s belated empire-building after the First World War to the US and British policy that condemns modern Iraq to the material and social squalor of a half-century ago.  (James Buchan Quotes) Where consumption is both conspicuous and competitive, humanity will never run out of new wishes. All the while, industry creates new desires that are marketed, in the great fashion paradox, as both novelty and need.  (James Buchan Quotes) Osama bin Laden, the Saudi-born revolutionary who is believed by most Arab and Iranian observers to be the inspiration of the attacks in New York and Washington, is the best known of the Islamic militants to have emerged in the past 20 years and the least difficult to fathom.  (James Buchan Quotes) Bulls don’t read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.  (James Buchan Quotes) Of all the failed technologies that litter the onward march of science - steam carriages, zeppelins, armoured trains - none has been so catastrophic to prosperity as the last century’s attempt to generate electricity from nuclear fission.  (James Buchan Quotes) Suicidal violence is not the exclusive property of the Muslim world. Suicide bombings were a tactic of nationalist struggles in 19th-century Europe and Russia, the far east during the second world war and the Vietnam war, and in modern Sri Lanka.  (James Buchan Quotes) The great disadvantage of getting older is to be obliged to relive the salient economic events of one’s youth, with nothing learned and nothing forgotten.  (James Buchan Quotes) The world dominion of western thought, forms of organisation, technology and military force is not God-given, nor eternal, nor greatly appreciated by the rest of the world  (James Buchan Quotes) 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 Quotes) Saudi Arabia is a puritanical state that claims a monopoly of wisdom and virtue  (James Buchan Quotes) The dividing line between wish and need was never clear  (James Buchan Quotes) Financial crises are like fireworks: they illuminate the sky even as they go pop  (James Buchan Quotes) Economists, like royal children, are not punished for their errors  (James Buchan Quotes) We generally write best of what we ourselves have seen  (James Buchan Quotes)
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