People always underestimate... by Daniel Yergin, an American Author

Daniel Yergin Quotes

“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.”

51% of people like this quote

Daniel Yergin

Author details

Name: Daniel Yergin

Nationality: American

Date of Birth: Feb 6, 1947

Profession: Author

Other Daniel Yergin Quotes

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.

Daniel Yergin

59% of people like this quote

A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.

Daniel Yergin

53% of people like this quote

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.

Daniel Yergin

52% of people like this quote

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.

Daniel Yergin

52% of people like this quote

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.

Daniel Yergin

52% of people like this quote

View all Daniel Yergin quotes