It's extraordinary how inventive one can be with ethanol right now. Daniel Yergin More Quotes by Daniel Yergin More Quotes From Daniel Yergin According to one study by the United States Geological survey, 86 percent of oil reserves in the United States are the result not of what is estimated at the time of discovery but of the revisions and additions that come with further development. Daniel Yergin revision oil discovery We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s. Daniel Yergin ends war world 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 arabia lists two In the mid-1980s, operating problems took [nuclear] plants off-line so often that, on an annual basis, they operated at only about 55 percent of their rated total generating capacity. Today, as a result of several decades of experience and an intense focus on performance ... nuclear plants in the United States operate at over 90 percent of capacity. That improvement in operating efficiently is so significant in its impact that it can almost be seen as a new source in electric power itself. Daniel Yergin electric-power impact focus 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 chinese world thinking I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now. Daniel Yergin want world thinking A decade ago, capital investment was leaving the U.S., now it's coming home in a very big way. Daniel Yergin business It reflects the rebalancing that has gone on in world oil, this is the first CERAWeek ever where the world's largest producer is the country where we are holding the conference, which is the United States. Daniel Yergin company-news I don't think they can work together, but without some stabilizing mechanisms in the oil market you'd have a lot more volatility, and if you had a lot more volatility you'd have a lot less investment. Daniel Yergin company-news The global oil industry didn't really worry or think about trade issues. Now, trade issues are moving really pretty fast up the agenda. Daniel Yergin top-news I think they will not cooperate. They (Azerbaijan and Kazakhstan) are typical non-OPEC countries who simply produce at a maximum they can. Daniel Yergin energy We experienced similar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s. Daniel Yergin world-war-i end war world We are living in a different world now. You can see it everywhere in international relations: It was noteworthy that, after his visit to Washington, the Chinese president's next stop was Saudi Arabia. Daniel Yergin stop see you world If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market. Daniel Yergin go you war world The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly. Daniel Yergin pretty day oil four
