Cycles of shortage and surplus characterize the entire history of oil.
More Quotes from Daniel Yergin:
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
Ethanol is mandating additional diversity to the pool of motor fuels. The definition of oil is being widened.
Daniel Yergin
But look at Angola The Chinese spent a lot of money to get in there, but they are among many other companies. It is a much bigger game.
Daniel Yergin
Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
Daniel Yergin
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.
Daniel Yergin
Gas prices are clearly reaching a level where it's a political problem for people, ... unless you empty the reserve, it is a very temporary expedient. It does not affect the basic supply-and-demand problem.
Daniel Yergin
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Based on Keywords: characterize, cyclesIf you could get up the courage to begin, you have the courage to succeed.
David Viscott
I take a baths all the time. I'll put on some music and burn some incense and just sit in the tub and think, Wow, life is great right now.
Brian Austin Green
Everybody now admits that apartheid was wrong, and all I did was tell the people who wanted to know where I come from how we lived in South Africa. I just told the world the truth. And if my truth then becomes political, I can't do anything about that.
Miriam Makeba