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.
More Quotes from Daniel Yergin:
Depending on what we learn in the next few days this may be the biggest oil-supply shock since the 1970s. We are now in the days of reckoning.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
This is the fifth time that we're supposedly running out of oil,
Daniel Yergin
The starting point for energy security today as it has always been is diversification of supplies and sources.
Daniel Yergin
Within four or five years the US might be getting 10 percent of its gasoline from ethanol - that would be like creating a new Indonesia.
Daniel Yergin
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
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What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value.
Thomas Paine
When two men in business always agree, one of them is unnecessary.
Ezra Pound
Woman is fine for her own satisfaction alone. No man will admire her the more, no woman will like her the better for it. Neatness and fashion are enough for the former, and a something of shabbiness or impropriety will be most endearing to the latter.
Jane Austen