The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers, of which Saudi Arabia is at the top of the list.
More Quotes from Daniel Yergin:
This further underlines the need for greater diversity of supply and more storage capacity for natural gas.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
Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
Daniel Yergin
Ethanol is mandating additional diversity to the pool of motor fuels. The definition of oil is being widened.
Daniel Yergin
In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.
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
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