7 Quotes & Sayings By Daniel Yergin

Daniel Yergin is an award-winning historian, author, and entrepreneur. In addition to being a member of the Board of Directors of The Economist Group, he serves as Chairman of IHS Cambridge Energy Research Associates, a global energy market research firm. He is also a member of the Board of Governors at the Council on Foreign Relations. Prior to founding Cambridge Energy Research Associates, he was Vice Chairman and Managing Director of IHS Inc., an energy consultancy based in Chicago. He is the author or editor of thirteen books including The Quest for Energy Independence: A Historical Perspective, The Prize: The Epic Quest for Oil, Money & Power, The Commanding Heights: The Battle for the World Economy, A Journey Through Economic Time: From the Gold Standard to the Great Depression, The Commanding Heights: The Battle for the World Economy Revisited ,  and most recently Russia's Moment in the Middle East  and National Security Strategy in Turbulent Times Read more

1
A lesson in bringing about true changes of mind and heart comes from a Japanese functionary. By day, he crunched numbers that showed his country was approaching imminent energy crisis and helped to craft policy. By night, he weaved a novel in which a bureaucrat-hero helps see the country through to new energy sources. When the crisis came faster than he expected, he actually put the novel away because he did not want to make the burden of his countrymen worse. When the short-term crisis passed, he published his novel. It's phenomenal and well-timed success fueled the vision that inspired difficult change and maintained a sense of urgency. Daniel Yergin
2
An important United Nations environmental conference went past 6:00 in the evening when the interpreters' contracted working conditions said they could leave. They left, abandoning the delegates unable to talk to each other in their native languages. The French head of the committee, who had insisted on speaking only in French throughout the week suddenly demonstrated the ability to speak excellent English with English-speaking delegates. Daniel Yergin
3
The author points to the impact of what he called Dutch disease, where the discovery of found wealth from a particular commodity causes a culture to atrophy with respect to work ethic and broader development. Continuing wealth from the single commodity is taken for granted. The government, flush with wealth, is expected to be generous. When the price of that commodity drops, a government which would remain in power dare not cut back on this generosity. . Daniel Yergin
4
We are living in a new age of energy supply anxiety. Daniel Yergin
5
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
6
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