Daniel Yergin
Daniel Yergin
Daniel Howard Yerginis a Pulitzer Prize-winning American author, speaker, and economic researcher. Yergin is the co-founder and chairman of the Cambridge Energy Research Associates, an energy research consultancy that is now part of IHS Inc. He is best known as author of The Prize: The Epic Quest for Oil, Money, and Power and The Quest: Energy, Security, and the Remaking of the Modern World. He received his PhD from Cambridge University as a Marshall Scholar...
NationalityAmerican
ProfessionAuthor
Date of Birth6 February 1947
CountryUnited States of America
This is a summit with Yeltsin in a post-Yeltsin era. There's the complexity of dealing with a leader that may pass from the scene quickly, even though he doesn't intend to.
This is a long-lead-time business; the investment horizon is five, 10 or 20 years. There's no switch to pull.
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.
The world oil market is in the grip of a slow motion supply shock.
Particularly the East Coast could soon be teetering on the edge of shortage.
All the tensions and stress in the world's oil markets are flowing into the gasoline pump. The crude oil market is very tight, and a market that's this tight is vulnerable to politics, to hurricanes, to strikes and to emotions, and that's what we're seeing.
He's wonderful at stirring up an argument and slinging around rhetoric. ... For some of these people, it seems to be a theological issue. For us, it's an analytic issue.
In real terms, consumers today are paying considerably less for gasoline than they did during World War I.
This is not the first time that the world has 'run out of oil. It's more like the fifth. Cycles of shortage and surplus characterize the entire history of the oil industry.
A lot of consumers, particularly in New York and other places, are already seeing $3 a gallon. I think the question is will most consumers be seeing $3.50 and $4? At this point it's a real possibility.
Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
We're expecting another 20 cents more than where we are,
So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
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.