"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."

Want, World

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"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."

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"So basically it's very simple: to start with, if you want to win the match, you shouldn't be afraid of him. There are still many, many things to do, but above all this is the most important: Don't be scared of him!"

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Explore more quotes by Daniel Yergin

"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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"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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"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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"We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s."

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"The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas."

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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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