Word: yergin
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...demand for lamp fuel as whale blubber grew scarce, derricks popped up all over Pennsylvania's oil region in the 1860s, although subsequent overproduction drove prices so far down that at one point, a wooden barrel was worth twice as much as the oil it contained, according to Daniel Yergin's definitive tome on oil, The Prize...
...demand for lamp fuel as whale blubber grew scarce, derricks popped up all over Pennsylvania's oil region in the 1860s--although subsequent overproduction drove prices so far down that at one point, a wooden barrel was worth twice as much as the oil it contained, according to Daniel Yergin's definitive tome on oil, The Prize. But as the oil boom took hold and the barrel size was set at 42 gal. (160 L), Pennsylvania's roads became clogged with horse-drawn wagons piled high with the containers, prompting construction of the first oil pipelines (made of wood...
...pumps and home heating-oil tanks just as voters begin choosing presidential nominees, which presents a rare chance to force this uncomfortable issue to the top of the political agenda. And in fact we may be better at tackling this problem than we tend to believe, as Daniel Yergin, chairman of Cambridge Energy Research Associates, points...
...Since the last time we saw $100 oil, the U.S. economy has become twice as efficient in its use of energy," Yergin tells TIME. "The question now is, Can we become twice as efficient again?" And can we entice the Asian behemoths to adopt those efficiencies? "This is a test of consumers, of government policies and of the pace and breadth of our ability to innovate...
...reverberations far beyond Nigeria. Oil rose above $50 a barrel for the first time when in 2004 a Nigerian Muslim militant threatened to attack the industry, while fears that the April 2007 elections would trigger renewed violence were a factor in driving the price above $66 in late May. Yergin, of Cambridge Energy Reasearch Associates, warns: "As West Africa becomes increasingly important, consumers in the U.S., Europe and Asia will discover that their own energy security depends in part on political and economic stability in West Africa." American warships already patrol off West Africa, and U.S. energy and security experts...