Daniel Yergin Quotes

29 quotes in 556 categories

• 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…
• 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…
• Cycles of shortage and surplus characterize the entire history of oil.
• 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…
• So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
• 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…
• The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.
• The starting point for energy security today as it has always been is diversification of supplies and sources.
• 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…
• 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…
• 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…
• We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s.
• A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.
• We are living in a new age of energy supply anxiety.
• 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,…
• 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…
• 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…
• 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…
• 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…
• Even Silicon Valley investors have put well over a $1 billion in new energy technologies.

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