Daniel Yergin Quotes

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

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

The last time before this time was in the 1970s, when people thought we were going to fall off the oil mountain and live in an age of permanent shortage. Since then, world supplies have increased 60 percent. I don't see why we're at the end of technology now, or why it would be finished now. - Daniel Yergin

The Iranians know they hold high cards because of oil. - Daniel Yergin

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

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

Rising crude oil prices, low fuel inventories, strong summer driving season demand and an environmentally driven transition to new gasoline specifications are combining to keep upward pressure on pump prices. - Daniel Yergin

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

Particularly the East Coast could soon be teetering on the edge of shortage. - Daniel Yergin

It's extraordinary how inventive one can be with ethanol right now. - Daniel Yergin

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