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All Daniel Yergin Quotes
The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers, of which Saudi Arabia is at the top of the list.
Daniel Yergin
60% of people like this quote
But that's not enough: To maintain energy security, one needs a supply system that provides a buffer against shocks. It needs large, flexible markets. And it's important to acknowledge the fact that the entire energy supply chain needs to be protected.
Daniel Yergin
57% of people like this quote
But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.
Daniel Yergin
56% of people like this quote
People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters.
Daniel Yergin
55% of people like this quote
The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas.
Daniel Yergin
54% of people like this quote
The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.
Daniel Yergin
53% of people like this quote
Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.
Daniel Yergin
53% of people like this quote
A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.
Daniel Yergin
53% of people like this quote
But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.
Daniel Yergin
53% of people like this quote
Cycles of shortage and surplus characterize the entire history of oil.
Daniel Yergin
53% of people like this quote
Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
Daniel Yergin
52% of people like this quote
First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it is a geopolitical question. For the Europeans right now it is very much focused on the dependence on imported natural gas.
Daniel Yergin
52% of people like this quote
The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly.
Daniel Yergin
50% of people like this quote
So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
Daniel Yergin
50% of people like this quote
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