It's extraordinary how inventive one can be with ethanol right now.
More Quotes from Daniel Yergin:
I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.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
A lot of consumers, particularly in New York and other places, are already seeing 3 a gallon. I think the question is will most consumers be seeing 3.50 and 4 At this point it's a real possibility.
Daniel Yergin
If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.
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
The starting point for energy security today as it has always been is diversification of supplies and sources.
Daniel Yergin
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There's a little more ego involved in these jobs than people might realize.
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