We experienced similar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s. Daniel Yergin 1880s1970send Change image and share on social
We are living in a different world now. You can see it everywhere in international relations: It was noteworthy that, after his visit to Washington, the Chinese president's next stop was Saudi Arabia. Daniel Yergin arabiachineseinternational Change image and share on social
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 affairdevelopmentgeology Change image and share on social
The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line. Daniel Yergin 1980s1990sline Change image and share on social
The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly. Daniel Yergin barrelcallcountry share on social
Even Silicon Valley investors have put well over a $1 billion in new energy technologies. Daniel Yergin billionenergyinvestor Change image and share on social
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 authoritychinesecompany share on social
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 accessagendumbuild Change image and share on social
We are living in a new age of energy supply anxiety. Daniel Yergin ageanxietyenergy Change image and share on social
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 affordcreateeconomy share on social
