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.
Author
Daniel Yergin
3 quotations
About Daniel Yergin
Daniel Howard Yergin is an American author, economic historian, and consultant within the energy and economic sectors. Yergin is vice chairman of S&P Global. He was formerly vice chairman of IHS Markit, which merged with S&P in 2022. He founded Cambridge Energy Research Associates, which IHS Markit acquired in 2004. He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize–winning The Prize: The Epic Quest for Oil, Money, and Power, (1991) The Ques…
Read on Wikipedia → Find books by Daniel YerginSo the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
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 bein…