34 ordspråk av Daniel Yergin

Daniel Yergin

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We have high crude prices. We have low inventories. We have strong demand. All of that would be a recipe for a taut market even with refineries (running at full capacity).

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.

If they don't ease more oil into the market over the next six weeks, we could see prices spike a good deal higher than they are now.

rising crude oil prices, low fuel inventories, strong summer driving season demand and an environmentally driven transition to new gasoline specifications are combining to keep upward pressure on pump prices.

This is a summit with Yeltsin in a post-Yeltsin era. There's the complexity of dealing with a leader that may pass from the scene quickly, even though he doesn't intend to.

I think we've seen a change in the mentality of the senior management of the oil industry over the last few months,

Whereas they used to have a higher price range, say $17 to $21 [a barrel], now people say prices could be at $11, $12, $15 for a long time, or at least you can't bet your company that they are going to be higher, and that has led to this powerful motive to merge as the next stage of getting your costs under control and spreading them out over a larger base.

Fourteen months ago, oil seemed to be in a bull market ? then Asia collapsed, ... This is basically a gross domestic product crisis driven by Asia, so the real prospects are whether you think Asia by the year 2000 will start showing signs of recovery.

This is not the first time that the world has 'run out of oil. It's more like the fifth. Cycles of shortage and surplus characterize the entire history of the oil industry.

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.

Everywhere in the world, moving from control to decontrol of prices creates turbulence and also political costs.

This further underlies the need for greater diversity of supply and more storage capacity for natural gas. Gas-importing countries will recognize the need to build in buffers.

This further underlines the need for greater diversity of supply and more storage capacity for natural gas.

The Iranians know they hold high cards because of oil.

The president is stepping on the gas on these policies. He's increasing the focus, and that means increasing everything from research and development spending to regulatory reform.

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