Author: 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

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

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

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

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

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