Daniel Yergin Quotes

Ethanol is mandating additional diversity to the pool of motor fuels. The definition of oil is being widened.

- Daniel Yergin

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Ethanol | Mandating | Additional | Diversity | Pool |

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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

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

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