Daniel Yergin Quotes

• In a world of increasing interdependence, energy security will depend much on how countries manage their relations with one another. That is why energy security will be one of the main challenges of foreign policy in the years ahead. Oil and gas have always been political commodities.

  Daniel Yergin

  Country, Years, Oil

  Source: www.spiegel.de

  14 Copy quote

• To meet the energy challenge requires the most important energy of all - human creativity. That's the real prize.

  Daniel Yergin

  Real, Creativity, Challenges

  8 Copy quote

• We are living in a new age of energy supply anxiety.

  Daniel Yergin

  Anxiety, Age, Energy

  10 Copy quote

• 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

  Technology, Development, Politics

  8 Copy quote

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

  Daniel Yergin

  Oil, Surplus, Shortage

  10 Copy quote

• 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 it's important to acknowledge the fact that the entire energy supply chain needs to be protected.

  Daniel Yergin

  Ties, Important, Energy

  16 Copy quote

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

  Daniel Yergin

  Energy, Today, Starting

  24 Copy quote

• 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

  Technology, Impact, People

  8 Copy quote

• 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

  Oil, Years, Fields

  7 Copy quote

• The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas.

  Daniel Yergin

  Relationship, Russia, Eyebrows

  7 Copy quote

• First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it is a geopolitical question. For the Europeans right now it is very much focused on the dependence on imported natural gas.

  Daniel Yergin

  Vocabulary, People, Firsts

  8 Copy quote

• 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 rated total generating capacity. Today, as a result of several decades of experience and an intense focus on performance ... nuclear plants in the United States operate at over 90 percent of capacity. That improvement in operating efficiently is so significant in its impact that it can almost be seen as a new source in electric power itself.

  Daniel Yergin

  Electric Power, Impact, Focus

  5 Copy quote

• 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 road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

  Daniel Yergin

  Thinking, World, Want

  "CNN American Morning with Paula Zahn". www.cnn.com. September 3, 2002.

  4 Copy quote

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

  Daniel Yergin

  Technology, Energy, Valleys

  7 Copy quote

• The Iranians know they hold high cards because of oil.

  Daniel Yergin

  Oil, Cards, Knows

  4 Copy quote

• 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 there are at least 5 trillion barrels of petroleum resources, of which 1.4 trillion is sufficiently developed and technically and economically accessible.

  Daniel Yergin

  Oil, World, Century

  Daniel Yergin (2011). “The Quest: Energy, Security, and the Remaking of the Modern World”, p.207, Penguin

  13 Copy quote

• The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.

  Daniel Yergin

  Running, Ocean, Sea

  4 Copy quote

• 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 delegates unable to talk to each other in their native languages. The French head of the committee, who had insisted on speaking only in French throughout the week suddenly demonstrated the ability to speak excellent English with English-speaking delegates.

  Daniel Yergin

  Past, Native Language, Environmental

  6 Copy quote

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

  Daniel Yergin

  Ethanol, Extraordinary, Right Now

  7 Copy quote

• 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

  Oil, Iraq, Keys

  "CNN American Morning with Paula Zahn". www.cnn.com. September 3, 2002.

  7 Copy quote

• We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s.

  Daniel Yergin

  War, World, Ends

  9 Copy quote

• 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 is estimated at the time of discovery but of the revisions and additions that come with further development.

  Daniel Yergin

  Oil, Discovery, Revision

  Daniel Yergin (2011). “The Quest: Energy, Security, and the Remaking of the Modern World”, p.206, Penguin

  4 Copy quote

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

  Daniel Yergin

  Oil, Anxiety, Dollars

  8 Copy quote

• 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

  Thinking, Chinese, World

  4 Copy quote

• 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 which Saudi Arabia is at the top of the list.

  Daniel Yergin

  Two, Arabia, Lists

  "American Morning With Paula Zahn" with Bill Hemmer, www.cnn.com. September 3, 2002.

  22 Copy quote

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