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Countries around the world are feeling the brunt of the global energy crisis. Some Chinese provinces are rationing electricity, Europeans are paying exorbitant prices for liquefied gas and Lebanon has run out of centrally-generate electricity. Furthermore, India is close to running out of coal and in the United States, the price of a gallon of regular gasoline was $3.25 on Friday, up from April's $1.27. As the global economy works to recover from the Covid-19 pandemic, the sudden energy crisis is putting a strain on supply chains and stirring geopolitical tensions. What's more, as global leaders are preparing to meet...

"...Daniel Yergin, founder of IHS Cambridge Energy Research Associates, said it is impossible for OPEC to knock out the US shale industry though a war of attrition even if large numbers of frackers fall by the wayside over coming months. Mr Yergin said groups with deep pockets such as Blackstone and Carlyle will take over the infrastructure when the distressed assets are cheap enough, and bide their time until the oil cycle turns. "The management may change and the companies may change but the resources will still be there," he told the Daily Telegraph. "It takes $10bn and five to...

On 17 September The Wall Street Journal published a fascinating article on “peak oil,” “There Will Be Oil,” written by Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, an energy research and consulting firm and deserved recipient of Pulitzer Prize for his 1991 book, The Prize: The Epic Quest for Oil, Money and Power. According to The Wall Street Journal, “There Will Be Oil” “is adapted from his new book, The Quest: Energy, Security and the Remaking of the Modern World.” The essay will doubtless have widespread influence amongst prosperous The Wall Street Journal readers, but in his glib...

Do you like to read tales of chivalry? I guess many like to, especially if you are young. Published exactly 20 years ago, Daniel Yergin’s book, "The Prize: The Epic Quest for Oil, Money, and Power" is one in particular. It is about the chivalrous time of the oil industry. But what was not told on last pages of the book is that chivalrous time has come to the end. The next 20 years became a time when a new age in the oil business was beginning. Big Oil now is huge, complex organized corporations, not yielding to state machinery...

Daniel Yergin, in the prologue to his award winning book, uses the language of anthropology to describe what the human species became in the past century: Hydrocarbon Man. While the search continues for alternative fuels and millions are spent on research and development, modern man will continue for some time to come to be dependent on Persian Gulf oil: the strategic prize. This essay focuses on the terrorist threat to oil pipelines in the region. The question is, given the strategic importance of Middle East oil to the West and its economic and technological dependence on oil: Why have pipelines...

The main message is the Sunday Shows.  Message 1 will be the Saturday Shows and message 2 will be the show guest links post.  Then I'll post the ping list.ABC This Week (George Stephanopoulos) Meme: It's the oil companies faultOK, if it's not the oil companies, then it's the incompetent Bush administration foreign policiesGeorge Clooney is a serious and important voice on the international stage (can you say "presidential material?") Topics: Oil, Iraq and foreign policy Turmoil overseas is pinching American pocketbooks at the gas pumps. On Sunday, I'll speak with Secretary of State Condoleezza Rice to ask how the...