This has a lot to do with t... by Daniel Yergin, an American Author

Daniel Yergin Quotes

“This has a lot to do with the unrest in Nigeria, but also with the production loss after the hurricanes in the Gulf of Mexico, the decline in Iraq since the 2003 war, and the decline in Venezuelan output since 2002.”

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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

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

Daniel Yergin

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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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