Daniel Yergin News
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Elliott Roosevelt Jr., a grandson of U.S. President Franklin Delano Roosevelt, grins and leans toward visitors in his Dallas office to describe his biggest discovery in 53 years as an oilman.
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OAO Rosneft’s $55 billion takeover of TNK-BP creates an empire stretching from Russia’s Far East to Venezuela that pumps almost 5 percent of the world’s crude.
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Daniel Yergin, vice chairman of IHS and author of “The Prize: The Epic Quest for Oil, Money & Power,” said high oil prices made Chavez’s presidency possible.
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Brent crude was little changed near its highest in four days as a North Sea pipeline system remained shut. Venezuela, OPEC’s fourth-biggest producer, announced the death of President Hugo Chavez.
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After spending years searching for enough crude to pump, the U.S. oil and natural gas industry now is struggling to find and pay for enough skilled workers to tap the abundant supply in shale rock, putting $100 billion in planned petrochemical projects at risk.
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Toward the end of “The Quest,” his sprawling book on energy, Daniel Yergin introduces an obscure 19th-century character named Sadi Carnot.
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The likelihood of Republicans gaining control of the U.S. House of Representatives means more focus on creating jobs than reducing carbon emissions, said Daniel Yergin , Pulitzer-winning author of oil-industry history “The Prize.”
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Global energy demand will climb 30 to 40 percent in the next 20 years, spurred by rising incomes in emerging markets and global economic growth, said Daniel Yergin , chairman of IHS-Cambridge Energy Research Associates.
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“We are finally poised to control our own energy future,” said President Barack Obama in his State of the Union message, noting the drastic increase in American energy production from unconventional oil and gas resources.
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The BP Plc oil well that’s spilling thousands of barrels of crude a day into the Gulf of Mexico may delay plans for domestic offshore drilling, according to Daniel Yergin, chairman of IHS-Cambridge Energy Research Associates.
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