Daniel Yergin Quotes

There are ample supplies beneath the surface of the planet to have significant growth in oil supply for quite a number of years. The technology is there, the resources are there. But the real question is what happens above ground.

- Daniel Yergin

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Ample | Supplies | Beneath | Surface | Planet |

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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

We have high crude prices. We have low inventories. We have strong demand. All of that would be a recipe for a taut market even with refineries (running at full capacity). - Daniel Yergin

Whereas they used to have a higher price range, say $17 to $21 [a barrel], now people say prices could be at $11, $12, $15 for a long time, or at least you can't bet your company that they are going to be higher, and that has led to this powerful motive to merge as the next stage of getting your costs under control and spreading them out over a larger base. - Daniel Yergin