Word: yergin
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Dates: during 1990-1999
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Cambridge resident and former Harvard fellow Daniel Yergin won a Pulitzer prize on Monday. But he's still stunned...
...Africa, South America and the Far East, where drilling costs can be cheaper by half and government sweeteners make new ventures enticing. As the majors lay off workers and leave, those independent companies that can are following. Others are closing up shop or retrenching. Asserts energy scholar Daniel Yergin: "We're seeing a fundamental contraction on the domestic side along with one of the greatest migrations in the history of the oil industry...
Happy anniversary, drivers! Just a year after Iraqi troops conquered Kuwait and gasoline prices began spiking, a new study by oil historian Daniel Yergin says pretax, inflation-adjusted gasoline prices are at their lowest point since 1947. Even with recent increases in federal and state fuel taxes, gasoline costs Americans 44% less in real terms than it did in 1980, and, surprisingly, 24% less than it did in the halcyon days of 1960, before anyone had heard of Saddam Hussein or OPEC. Of course, what consumers pay at the pump does not factor in the real environmental and military costs...