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The world could be on the brink of an energy crisis rivaling the 1970s, says IHS Markit’s Yergin
The world could be on the brink of an energy crisis rivaling the 1970s, says IHS Markit’s Yergin Russia’s Ukraine invasion could have set in motion an energy market disruption on the scale of major oil crises in the 1970s, according to Daniel Yergin, vice chairman of IHS Markit. Sanctions by the U.S. and allies […]
Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin
Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin KEY POINTS The pressures on supply chains are increasing and global disruptions are likely to only get worse as summer approaches and the economy booms. Disruptions have converged at the same time in three important pillars of the global […]
IHS Markit: Oil Demand Won’t Fully Recover Until 2022
IHS Markit: Oil Demand Won’t Fully Recover Until 2022 Global oil demand will likely take another year or so to return to pre-pandemic levels—by late 2021 or early 2022, energy expert and IHS Markit vice chairman Daniel Yergin told Al Arabiya English in a video interview on Monday. Yergin’s expectations for oil demand are roughly […]
Yergin: Expect Extreme Volatility In Oil Markets
Yergin: Expect Extreme Volatility In Oil Markets Rising pipeline takeaway capacity in the Permian and global oil demand growth at its weakest in a decade are set to lead to more volatility in oil prices in the near term, a prominent energy expert said, joining a growing number of analysts who see prices further depressed […]
10 years after the oil price spike: Is peak oil a process rather than a moment?
10 years after the oil price spike: Is peak oil a process rather than a moment? Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest price ever. By the following autumn the world economy […]
IEA in Davos 2016 warns of higher oil prices in a few years’ time
IEA in Davos 2016 warns of higher oil prices in a few years’ time World Economic Forum The Transformation of Energy Fig 1: WEF energy panellists 22/1/2016 From right to left: moderator Daniel Yergin (IHS), Fatih Birol (IEA), Hiroaki Nakanishi (Hitachi), Ignacio Sánchez (Iberdrola), Eric Xin Luo (Shunfeng International Clean Energy) This recent forum was […]
Only Recession Can Prevent An Oil Price Spike
Only Recession Can Prevent An Oil Price Spike The biggest result from the collapse in oil prices could be a future price spike. Oil prices at $30 per barrel have put most producers under water. That has led to austere budgets and severe cuts to spending. Wood Mackenzie recently estimated that $380 billion in major […]
Why The U.S. Can’t Be Called A ‘Swing Producer’
Why The U.S. Can’t Be Called A ‘Swing Producer’ Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world’s largest oil importer is also its swing producer. There are two types of oil producers in the world: those who […]
Peak Oil: What Does Any Of This Mean? – Peak Oil Matters
Peak Oil: What Does Any Of This Mean? – Peak Oil Matters. Daniel Yergin’s Pulitzer Prize (for his book The Quest) has earned him a fair amount of street cred, judging by how often his opinions are solicited on the state of fossil fuel supply and production. I haven’t read the book, but I’d be lying if I […]
