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"This has a lot to do with the unrest in Nigeria, but also with the production loss after the hurricanes in the Gulf of Mexico, the decline in Iraq since the 2003 war, and the decline in Venezuelan output since 2002."
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"The tank, the submarine, the torpedo, the machine-gun, even the rifle and the hand grenade are still in use."

"I've been to war, and it's not easy to kill. It's bloody and messy and totally horrifying, and the consequences are serious."
Explore more quotes by Daniel Yergin

"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."

"This has a lot to do with the unrest in Nigeria, but also with the production loss after the hurricanes in the Gulf of Mexico, the decline in Iraq since the 2003 war, and the decline in Venezuelan output since 2002."

"So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology."

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