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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."

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: "We are living in a new age of energy supply anxiety."

We are living in a new age of energy supply anxiety.




Daniel Yergin Quotes: "Cycles of shortage and surplus characterize the entire history of oil."

Cycles of shortage and surplus characterize the entire history of oil.



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."

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

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: "To meet the energy challenge requires the most important energy of all - human creativity. That's the real prize."

To meet the energy challenge requires the most important energy of all - human creativity. That's the real prize.



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."

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: "A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety."

A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.



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."

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: "Even Silicon Valley investors have put well over a $1 billion in new energy technologies."

Even Silicon Valley investors have put well over a $1 billion in new energy technologies.



Daniel Yergin Quotes: "It's extraordinary how inventive one can be with ethanol right now."

It's extraordinary how inventive one can be with ethanol right now.



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."

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 Iranians know they hold high cards because of oil."

The Iranians know they hold high cards because of oil.



Daniel Yergin Quotes: "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."

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.



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."

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.