“The battlefields of World War I established the importance of petroleum as an element of national power when the internal combustion machine overtook the horse and the coal-powered locomotive.” — Daniel Yergin Copy Share Image
Cycles of shortage and surplus characterize the entire history of oil. — Daniel Yergin Copy Share Image
First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it… — Daniel Yergin Copy Share Image
I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the… — Daniel Yergin Copy Share Image
“A man is a business failure if he lets his family life interfere with his business record,” — Daniel Yergin Copy Share Image
If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil… — Daniel Yergin Copy Share Image
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.… — Daniel Yergin Copy Share Image
“It was very handy to have such a foreign scapegoat when so much was wrong at home.1” — Daniel Yergin Copy Share Image
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… — Daniel Yergin Copy Share Image
An important United Nations environmental conference went past 6:00 in the evening when the interpreters' contracted working conditions said they could leave. They left,… — Daniel Yergin Copy Share Image
The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers,… — Daniel Yergin Copy Share Image
The world has produced about 1 trillion barrels of oil since the start of the industry in the nineteenth century. Currently, it is thought… — Daniel Yergin Copy Share Image
