The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas.
More Quotes from Daniel Yergin:
Even Silicon Valley investors have put well over a $1 billion in new energy technologies.Daniel Yergin
You'll have innovators and entrepreneurs and people trying ideas that may seem sensible today or may seem way out. But out of that whole soup will emerge some new ways of doing things.
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
Cycles of shortage and surplus characterize the entire history of oil.
Daniel Yergin
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.
Daniel Yergin
In real terms, consumers today are paying considerably less for gasoline than they did during World War I.
Daniel Yergin
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