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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
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Other quotes of Daniel Yergin


The starting point for energy security today as it has always been is diversification of supplies and sources.

The starting point for energy security today as it has always been is diversification of supplies and sources.



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.



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

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



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.



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.



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.



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.



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.



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.



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.





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I believe in hard work. It keeps the wrinkles out of the mind and spirit.

I believe in hard work. It keeps the wrinkles out of the mind and spirit.



I speak for those children who cannot speak for themselves, children who have absolutely nothing but their courage and their smiles, their wits and their dreams.

I speak for those children who cannot speak for themselves, children who have absolutely nothing but their courage and their smiles, their wits and their dreams.



Some people pursue unhappiness because happiness is too mild a sensation.

Some people pursue unhappiness because happiness is too mild a sensation.



Nurture you mind with great thoughts

Nurture you mind with great thoughts



The little things? The little moments? They aren't little.

The little things? The little moments? They aren't little.



I'm going to search for my star until I find it. It's hidden in the drawer of innocence, wrapped in a scarf of wonder.

I'm going to search for my star until I find it. It's hidden in the drawer of innocence, wrapped in a scarf of wonder.



My greatest regret as a writer is that I've never been able to include as many jokes as I'd like.

My greatest regret as a writer is that I've never been able to include as many jokes as I'd like.



If you're in the minor leagues, you want to get to the majors.

If you're in the minor leagues, you want to get to the majors.




Quote Description


This page presents the quote "Cycles of shortage and surplus characterize the entire history of oil.". Author of this quote is Daniel Yergin. This quote is about oil, cycles, shortage, history, surplus,.