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Daniel Yergin Quotes
«We have high crude prices. We have low inventories. We have strong demand. All of that would be a recipe for a taut market even with refineries (running at full capacity).»
Author: Daniel Yergin
«He's wonderful at stirring up an argument and slinging around rhetoric. ... For some of these people, it seems to be a theological issue. For us, it's an analytic issue.»
Author: 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.»
Author: Daniel Yergin
«rising crude oil prices, low fuel inventories, strong summer driving season demand and an environmentally driven transition to new gasoline specifications are combining to keep upward pressure on pump prices.»
Author: Daniel Yergin
«This is a summit with Yeltsin in a post-Yeltsin era. There's the complexity of dealing with a leader that may pass from the scene quickly, even though he doesn't intend to.»
Author: 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,»
Author: 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.»
Author: Daniel Yergin
«Fourteen months ago, oil seemed to be in a bull market ? then Asia collapsed, ... This is basically a gross domestic product crisis driven by Asia, so the real prospects are whether you think Asia by the year 2000 will start showing signs of recovery.»
Author: Daniel Yergin
«This is not the first time that the world has 'run out of oil. It's more like the fifth. Cycles of shortage and surplus characterize the entire history of the oil industry.»
Author: Daniel Yergin
«If the next weeks reveal that the losses are as large as some fear, this would constitute one of the biggest energy shocks since the 1970s, perhaps even the biggest.»
Author: Daniel Yergin