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.
—Daniel Yergin
Depending on what we learn in the next few days, this may be the biggest oil-supply shock since the 1970s. We are now in the days of reckoning.
Within four or five years the US might be getting 10 percent of its gasoline from ethanol – that would be like creating a new Indonesia.
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...
This further underlines the need for greater diversity of supply and more storage capacity for natural gas.
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.
In real terms, consumers today are paying considerably less for gasoline than they did during World War I.
The world oil market is in the grip of a slow-motion supply shock, in which a $70 to $75 barrel price reflects an aggregate disruption of over 2 million barrels a day.
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...
The starting point for energy security today as it has always been is diversification of supplies and sources.
There are ample supplies beneath the surface of the planet to have significant growth in oil supply for quite a number of years. The technology is there, the resources are there. But the real question...
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