Ethanol is mandating additional diversity to the pool of motor fuels. The definition of oil is being widened.
More Quotes from Daniel Yergin:
I think we've seen a change in the mentality of the senior management of the oil industry over the last few months,Daniel Yergin
If they don't ease more oil into the market over the next six weeks, we could see prices spike a good deal higher than they are now.
Daniel Yergin
When you adjust it for inflation, a year ago we were looking at gasoline prices that were cheaper than they had been during the Great Depression. So it was an extraordinary bargain.
Daniel Yergin
People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters.
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
So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
Daniel Yergin
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Based on Topics: Definition QuotesBased on Keywords: mandating
Wherever there is interest and power to do wrong, wrong will generally be done.
James Madison
Anyone who is to find Christ must first find the church. How could anyone know where Christ is and what faith is in him unless he knew where his believers are?
Martin Luther
Number one, that it is smart to communicate and negotiate with your enemy instead of just waging war with bombs and weapons of mass destruction.
Theodore C. Sorensen