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Daniel Yergin Quotes

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 Picture Quote #1

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 Picture Quote #1

To meet the energy challenge requires the most important energy of all - human creativity. That’s the real prize Picture Quote #1

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 Picture Quote #1

We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s Picture Quote #1

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 Picture Quote #1

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We experienced similar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s Picture Quote #1

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 Picture Quote #1

The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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We are living in a new age of energy supply anxiety Picture Quote #1

It’s extraordinary how inventive one can be with ethanol right now Picture Quote #1

Cycles of shortage and surplus characterize the entire history of oil Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

The starting point for energy security today as it has always been is diversification of supplies and sources Picture Quote #1

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A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety Picture Quote #1

So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology Picture Quote #1

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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 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 Quotes) To meet the energy challenge requires the most important energy of all - human creativity. That’s the real prize (Daniel Yergin Quotes) 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 Quotes) 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 Quotes) 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 Quotes) 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 Quotes) 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 Quotes) The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line (Daniel Yergin Quotes) 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 Quotes) 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 Quotes) 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 Quotes) We are living in a new age of energy supply anxiety (Daniel Yergin Quotes) It’s extraordinary how inventive one can be with ethanol right now (Daniel Yergin Quotes) Cycles of shortage and surplus characterize the entire history of oil (Daniel Yergin Quotes) 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 Quotes) 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 Quotes) The starting point for energy security today as it has always been is diversification of supplies and sources (Daniel Yergin Quotes) A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety (Daniel Yergin Quotes) 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 Quotes)