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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.

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.


Daniel Yergin  Daniel Yergin
Tags: People  Energy  Security  Meaning  Find 

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Author introduction

Daniel Howard Yergin (born February 6, 1947) is an American author, speaker, energy expert, and economic historian. Yergin is vice chairman of IHS Markit,[1] a research and information company which absorbed his own energy research consultancy Cambridge Energy Research Associates in 2004.[2] He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize-winning The Prize: The Epic Quest for Oil, Money, and Power (1991)[3] and The Quest: Energy, Security, and the Remaking of the Modern World (2011).[4] Yergin's articles and op-eds on energy, history, and the economy have been published in publications such as The Wall Street Journal,[5][6] The New York Times,[7] The Washington Post,[8] and The Financial Times.[9] All of Yergin's books have been drafted in long-hand.[10] Currently a director on entities such as the Council on Foreign Relations[11] and the United States Energy Association,[12] he is also a trustee of the Brookings Institution[11][13] and a long-term advisor to several U.S. administrations.[14][15] He is also chairman of the annual CERAWeek energy conference.[16]

Quotes from the same author


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

    Daniel Yergin  Daniel Yergin   
 Tags: Anxiety Price Oil Somewhere Barrel
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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.

    Daniel Yergin  Daniel Yergin   
 Tags: Question Top Oil See Over Years
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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.

    Daniel Yergin  Daniel Yergin   
 Tags: Energy Security Important Enough
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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.

    Daniel Yergin  Daniel Yergin   
 Tags: Key Oil Days Very Only Got
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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.

    Daniel Yergin  Daniel Yergin   
 Tags: World Think Want Need Resources
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Cycles of shortage and surplus characterize the entire history of oil.

    Daniel Yergin  Daniel Yergin   
 Tags: History Oil Cycles Shortage Entire
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Even Silicon Valley investors have put well over a $1 billion in new energy technologies.

    Daniel Yergin  Daniel Yergin   
 Tags: Energy New Over Valley Well Even
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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.

    Daniel Yergin  Daniel Yergin   
 Tags: People Energy Security Meaning Find
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