"In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient."

Money, Will, Years

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"In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient."

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Explore more quotes by Daniel Yergin

"It's extraordinary how inventive one can be with ethanol right now."

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"Even Silicon Valley investors have put well over a $1 billion in new energy technologies."

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"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."

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"But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years."

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"A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety."

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