83 Quotes by Daniel Yergin

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.

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.

We have got to find a a new plan of attacking it. Something that will show clearly not only the magnitude of the industries and commercial developments, and the changes they have brought in various parts of the country, but something which will make clear the great principles by which industrial leaders are combining and controlling these resources.

A wise old owl lived in an oak, The more he saw the less he spoke, The less he spoke, the more he heard, Why aren’t we all like that old bird?

So often, over the history of the oil industry, it is said that technology has gone about as far as it can and that the “end of the road” for the oil industry is in sight. And then, new innovations dramatically expand capabilities. This pattern would be repeated again and again.

The first energy transition began in Britain in the thirteenth century with the shift from wood to coal. Rising populations and destruction of forests made wood scarce and expensive, and coal came to be used for heating in London, despite fumes and smell.

The United States generates less than 1 percent of the plastic waste in oceans. About 90 percent of river-sourced plastic pollution in the oceans comes from uncontrolled dumping into ten rivers in Asia and Africa, which, if properly managed, could dramatically reduce the wastage. Plastic bags and straws may be the most visible use of plastics, but they constitute less than 2 percent of plastics.

What, then, is the future of the $5 trillion global oil and gas industry that supplies almost 60 percent of world energy? The industry will continue to need to find and develop another three to five billion barrels a year just to make up for the natural decline in oil fields, which happens after a field has been in production for some time. The International Energy Agency estimates that over $20 trillion of investment in oil and gas development will be required over the next two decades.

Once upon a time, automobiles were central to romantic life. It was once estimated that almost 40 percent of marriages in America were proposed in automobiles. Today, a third of marriages result from meeting up online and through dating apps.