Daniel Yergin

The starting point for energy security today as it has always been is diversification of supplies and sources. ↗

— Daniel Yergin

#been #diversification #energy #energy security #point

A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety. ↗

— Daniel Yergin

#barrel #between #dollars #heightened #oil

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

#agenda #build-up #coming #companies #eventually

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

#arabia #days #exporter #exports #got

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

#clash #clearly #goods #happens #i

Cycles of shortage and surplus characterize the entire history of oil. ↗

— Daniel Yergin

#cycles #entire #history #oil #shortage

Even Silicon Valley investors have put well over a $1 billion in new energy technologies. ↗

— Daniel Yergin

#energy #even #investors #new #over

It's extraordinary how inventive one can be with ethanol right now. ↗

— Daniel Yergin

#extraordinary #how #inventive #now #right

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

#development #example #frontier #give #impact

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

#affairs #development #geology #ground #happens