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Daniel Yergin Quotes
 
 
“It's extraordinary how inventive one can be with ethanol right now.”
 
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Tags: Ethanol | Extraordinary | How | Inventive | Now | Right
 
Author details
 
 
Name:   Daniel Yergin
 
Nationality:   American
 
Date of Birth:   Feb 6, 1947
 
Profession:   Author
 
 
 
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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.
 
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A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.
 
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The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas.
 
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But that's not enough: To maintain energy security, one needs a supply system that provides a buffer against shocks. It needs large, flexible markets. And it's important to acknowledge the fact that the entire energy supply chain needs to be protected.
 
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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.
 
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