In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient. — Daniel Yergin Copy Share Image
“The author points to the impact of what he called Dutch disease, where the discovery of found wealth from a particular commodity causes a culture to atrophy with respect to work ethic and broader development. Continuing wealth from the single… — 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
