Daniel Yergin Quotes

Venezuela’s state oil company routinely spends more on social programs then it does on exploration and production.

We need a reasonable price where producers will not start nagging. At a reasonable price, we can invest to produce more oil.

The stream in my hometown Calgary is the oil and gas industry - that's the talk you hear on the street.

If you can't access it, all the resources in the universe won't do you any good.

I never saw a bureaucracy produce a single barrel of oil.

If you believe that the developing world deserves the same standards of living that we do in the developed world, then to achieve that, they need resources. They need the metals and the minerals to build the industries and the buildings and so forth, and the energy.

The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.

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.

I saw a report yesterday. There's so much oil, all over the world, they don't know where to dump it. And Saudi Arabia says, 'Oh, there's too much oil.' They - they came back yesterday. Did you see the report? They want to reduce oil production. Do you think they're our friends? They're not our friends.

If the world market believed that we were serious about energy independence and we were going to utilize all of our own existing resources, the speculators would stop speculating up they start speculating down as we get our own oil out of the ground.

Time is a resource, much like money or autonomy, which can be invaluable or can be squandered.

When you talk about the oil wealth you compare nations. There are some nations with less than five million people. Nigeria has 150 million people. I cannot say that all the money earned from oil since 1958, when the first drop of oil was exported from this country to date, that the money has been effectively used.

We have for too long put vast oil and natural gas reserves off limits to exploration and production, as The Washington Post editorial stated this week.

Important reserves of natural resources, like petroleum and precious metals, are the bulwarks for laying the foundations for the future.

The oil under Libya is the champagne of oil, drop for drop the world's most valuable.

The idea that America, whose oil production has been declining for the past 40 years, is now on track to become the world's biggest producer by 2015 is still hard to grasp.

We have an imbalance over how much we produce relative to how much we consume.

This island is almost made of coal and surrounded by fish. Only an organizing genius could produce a shortage of coal and fish in Great Britain at the same time.

He [Douglas] would understand it a little better if there were a few oil wells in Cook County .

[Describing Iraq:] … floats on a sea of oil.

We have grown up in a culture thinking that our energy resources were inexhaustible and without impact.

I don’t think everybody fully appreciates the consequences of slower growth, which are very serious. You need growth to have the resources to build the infrastructure, housing, to uphold the standard of living.

The object of protection is that of diminishing the distance and the waste between the producer and the consumer

The problem of oil, it might be tersely said, is that there is always too much or too little.

Over the years, we have financed projects in core industrial sectors like steel, cement, aluminium and petrochemicals, and in manufacturing sectors like automobiles and textiles.