Daniel Yergin Quotes
29 quotes
in 556 categories
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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, abandoning…
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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…
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Cycles of shortage and surplus characterize the entire history of oil.
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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…
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So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
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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…
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The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.
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The starting point for energy security today as it has always been is diversification of supplies and sources.
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The world has produced about 1 trillion barrels of oil since the start of the industry in the nineteenth century. Currently, it is thought that…
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In the mid-1980s, operating problems took [nuclear] plants off-line so often that, on an annual basis, they operated at only about 55 percent of their…
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According to one study by the United States Geological survey, 86 percent of oil reserves in the United States are the result not of what…
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We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s.
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A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.
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We are living in a new age of energy supply anxiety.
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This has a lot to do with the unrest in Nigeria, but also with the production loss after the hurricanes in the Gulf of Mexico,…
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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…
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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…
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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…
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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…
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Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
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