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.
More Quotes from Daniel Yergin:
Everywhere in the world, moving from control to decontrol of prices creates turbulence and also political costs.Daniel Yergin
This further underlines the need for greater diversity of supply and more storage capacity for natural gas.
Daniel Yergin
This is the fifth time that we're supposedly running out of oil,
Daniel Yergin
Whereas they used to have a higher price range, say 17 to 21 a barrel, now people say prices could be at 11, 12, 15 for a long time, or at least you can't bet your company that they are going to be higher, and that has led to this powerful motive to merge as the next stage of getting your costs under control and spreading them out over a larger base.
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
This is a long-lead-time business the investment horizon is five, 10 or 20 years. There's no switch to pull.
Daniel Yergin
Readers Who Like This Quotation Also Like:
Based on Keywords: exporter, marginalized, neighboringPleasant it to behold great encounters of warfare arrayed over the plains, with no part of yours in peril.
Lucretius
Internet penetration in Italy is quite low and the Berlusconi media machine controls most of what people see.
Joichi Ito
When I felt rather overcome with my father's opposition, I said as firmly as I could, that I must have this or something else, that I could not live without some real work.
Elizabeth Garrett Anderson