” 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. “


” Cycles of shortage and surplus characterize the entire history of oil. “


” But the key thing is that Iraq, while it’s got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia. “


” But eventually it’s a question of access: Getting access to fields is on top of the oil companies’ agenda. We see a substantial build-up of supply occurring over the coming years. “


” A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety. “



All 5 Daniel Yergin Quotes about Oil in picture


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.
Cycles of shortage and surplus characterize the entire history of oil.


But the key thing is that Iraq, while it
But eventually it
A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.
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