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"But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia."
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"Politics means implementation of the best ideas for the society in the path of wellbeing and progress. This is the approach that gave the world, leaders of glorious characters such as Abraham Lincoln, Martin Luther King Jr., Subhas Chandra Bose (the actual man behind India's Independence), Vasil Levski (the man who liberated Bulgaria from the Ottoman oppression), Nelson Mandela and many more. These people were technically politicians too, but unlike the majority of the politicians ofmodern society, their approach to politics was what it should be in a real system of politics."
"On the other hand, the vast majority of all westernized countries, including every single European country along with Israel and Japan, do not offer birthright citizenship."
"You can become a politician and improve the institutions of power in your country."
"The trouble with Nixon is that he's a serious politics junkie. He's totally hooked and like any other junkie, he's a bummer to have around, especially as President."
"The habit of using ardent spirits by men in office has occasioned more injury to the public and more trouble to me than all other causes. Were I to commence my administration again the first question I would ask respecting a candidate for office would be Does he use ardent spirits?"
"Earthquake means destruction; dictator means destruction! In the case of earthquake, you need a strong building; in the case of dictator, you need an educated rational mind, because an irrational ignorant mind always serves the dictator!"
"Crimes sometimes shock us too much; vices almost always too little."
"National transformation is also attainable through the simple principle of Truth and Honesty."
Explore more quotes by Daniel Yergin
"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."
"The starting point for energy security today as it has always been is diversification of supplies and sources."
"The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line."
"First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it is a geopolitical question. For the Europeans right now it is very much focused on the dependence on imported natural gas."
"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."
"So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology."
"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."
"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."
"People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters."
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