83 Quotes by Daniel Yergin

The world oil market is in the grip of a slow-motion supply shock, in which a $70 to $75 barrel price reflects an aggregate disruption of over 2 million barrels a day.

The world oil market is in the grip of a slow motion supply shock.

If the next weeks reveal that the losses are as large as some fear, this would constitute one of the biggest energy shocks since the 1970s, perhaps even the biggest.

In real terms, consumers today are paying considerably less for gasoline than they did during World War I.

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.

This has been pointed out ... even in thrillers.

This is a long-lead-time business; the investment horizon is five, 10 or 20 years. There's no switch to pull.

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.

A more relevant description would be a plateau in production capacity that might be reached in the fourth or fifth decade of this century.