Phrase by 'Daniel Yergin'
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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.
Author: Daniel Yergin - American AuthorYou , People , Today , Technology
It's extraordinary how inventive one can be with ethanol right now.
Author: Daniel Yergin - American AuthorNow , How , Right , Extraordinary
If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.
Author: Daniel Yergin - American AuthorYou , World , War , Price
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.
Author: Daniel Yergin - American AuthorDay , Pretty , Oil , Industrial
The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.
Author: Daniel Yergin - American AuthorRun , Now , Out , Sea
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.
Author: Daniel Yergin - American AuthorYou , World , Problems , Road
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.
Author: Daniel Yergin - American AuthorPeople , Energy , Meaning , Focused
Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
Author: Daniel Yergin - American AuthorEnergy , New , Over , Valley
Cycles of shortage and surplus characterize the entire history of oil.
Author: Daniel Yergin - American AuthorHistory , Oil , Cycles , Shortage
Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.
Author: Daniel Yergin - American AuthorWant , Need , World , Think
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