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.”
It’s not quite Lexington and Concord, but America’s energy revolution is being heard 'round the world. “We’re starting to see reverberations around the world of what’s happening in North America,” says Daniel Yergin, vice chairman of IHS and a Pulitzer Prize-winning author of, most recently, The Quest.
By Michael T. Klare, professor of peace and world security studies at Hampshire College and the author of The Race for What’s Left.
Brace yourself. You may not be able to tell yet, but according to global experts and the U.S. intelligence community, the earth is already shifting under you. Whether you know it or not, you’re on a new planet, a resource-shock world of a sort humanity has never before experienced.
The 451 Group: Inorganic Growth submits: Quest Software (QSFT) has announced the acquisition of e-DMZ Security, an independent and self-funded player in the growing privileged identity management (PIM) market, for an undisclosed sum.
With TNK-BP, Rosneft overtakes Exxon and PetroChina Co. in output. It will pump about 4.1 million barrels a day this year
OAO Rosneft’s US$55-billion takeover of TNK-BP creates an empire stretching from Russia’s Far East to Venezuela that pumps almost 5% of the world’s crude.
Saturday, September 17, the WSJ ran an essay by Daniel Yergin called, “There Will Be Oil.” In the essay, Yergin argues that the advocates of “peak oil” theory are wrong. He says, “Meeting future demand will require innovation, investment and the development of more challenging resources,” but he doesn’t make this sound like a huge problem. Most of the big challenges would be above ground issues, like politics, mismanagement of resources, and wars.
Last December the energy world made a much-anticipated tectonic shift when Chinese net oil imports exceeded those of the United States, making the Asian giant the world’s largest oil importer.
Closer to home, China replaced the United Kingdom last year as Canada’s second-largest trading partner after the United States.
The recent evolution of the Investment Canada Act gives them [the Chinese] a little bit of a pause to think about
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.In an interview with David Wessel, Daniel Yergin, author of “The Prize,” states that the turmoil in the Middle East is a “sea change” for the global oil market and that the U.S. and emerging markets are most economically vulnerable to rising oil prices.