Daniel Yergin Quotes
So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
Yergin, Daniel. "SPIEGEL Interview with Energy Expert Daniel Yergin: 'We Are Living in a New Age of Anxiety'." Interview by SPIEGEL Staff, Der Spiegel, 13 Mar. 2006.
Stimson was one of the first to realize the new economic reality in America. In prior years, wealthy individuals financed most business and industrial efforts. However, the need for capital had become so great that wealthy individuals could no longer provide sufficient capital to underwrite some of the business efforts. The age of the corporation was dawning on America and Stimson was one of the first to recognize it.
Marie Joseph Paul Yves Roch Gilbert du Motier
See {626813} for another quotation on this point.
This is why the American Government has played such a major role in most of the great technologies in American History. Interchangable Parts (A federal contract with Eli Whitney), Canal Construction (New York State built the Erie Canal), the Railroad (federal government gave hugh tracts of land to build the rail lines to the West), the Telegraph (No one would use it until the government financed the experiment to prove it by creating a line between Baltimore and Washington), AC Electricity, there the city of Rochester NY hired Tessler and Westinghouse to Demonstrate Generating Electricity at Niagra Falls and transmitting it over 20 miles which Edison’s Direct Current could not do), immunization (the Army Medical Corps gave the first grants to universities to develop the science of vaccines and immunization, the computer (in WWII the U. S. financed the development of computers sent to England to implement Turing’s breaking of the German “unbreakable” code), atiomic energy (the Manhattan Project—the largest scientific endeavor the world has known), the Internet (Developed with long term research funds for DARPA the future technology research arm of the Defense Department. American investors and businesspeople took each of these and developed them but the initial steps, when no capitalist dared risk on such basic and futureistic efforts were taken by American Government which probably could never have developed these technologies but the private sector could not do it with government in the role Moritz herein describes.
Daniel Howard Yergin is an American author, speaker, energy expert, and economic historian. Yergin is vice chairman of IHS Markit, a research and information company which absorbed his own energy research consultancy Cambridge Energy Research Associates in 2004. He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize–winning The Prize: The Epic Quest for Oil, Money, and Power, (1991) The Quest: Energy, Security, and the Remaking of the Modern World (2011), and The New Map: Energy, Climate, and the Clash of Nations (2020). Yergin's articles and op-eds on energy, history, and the economy have been published in publications such as The Wall Street Journal, The New York Times, The Washington Post, and the Financial Times. All of Yergin's books have been drafted in long-hand. Currently a director on entities such as the Council on Foreign Relations and the United States Energy Association, he is also a trustee of the Brookings Institution and a long-term advisor to several U.S. administrations, as well as chairman of the annual CERAWeek energy conference.
