Daniel Yergin American Quotations

We are living in a different world now. You can see it everywhere in international relations: It was noteworthy that, after his visit to Washington, the Chinese president's next stop was Saudi Arabia.

The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly.

Even Silicon Valley investors have put well over a $1 billion in new energy technologies.

But look at Angola: The Chinese spent a lot of money to get in there, but they are among many other companies. It is a much bigger game.

Within four or five years the US might be getting 10 percent of its gasoline from ethanol - that would be like creating a new Indonesia.

A more relevant description would be a plateau in production capacity that might be reached in the fourth or fifth decade of this century.