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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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"Great is the difference betwixt a man's being frightened at, and humbled for his sins."
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"The years between fifty and seventy are the hardest. You are always being asked to do things, and yet you are not decrepit enough to turn them down."
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"The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself."
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Explore more quotes by Daniel Yergin
"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 experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s."
"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."
"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."
"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."
"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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