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Seven Minutes with Daniel Yergin

Share / Recommend - Comment - Print - Tuesday, Nov 03 2009, 12:59PM

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Daniel Yergin has issued an updated version of his Pulitzer Prize-winning book, The Prize: The Epic Quest for Oil, Money and Power.

When I asked why he chose to release an update of his earlier work, Yergin identified four key factors that have to be added to the energy policy picture. First, oil has become a financial instrument in and of itself; two, globalization has broadened demand significantly with the entry of India and China into the global economic network; third, the climate change agenda; and fourth, the explosion of technological innovation in the energy sector.

This book is a must read for those who want to delve into the oil and energy drivers of US foreign policy, and I really enjoyed this discussion with Yergin. I hope others find this seven minute exchange useful.

-- Steve Clemons

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Reader Comments (2) - post a comment

Posted by Mr.Murder, Nov 03 2009, 11:01PM - Link

Okay, we went back to the hard right tact on foreign policy this past week re: Israel. This is Rahm Emmanuel channeling his inner Churchill.

You guys might remember that oil prices are less likely to be good when we tilt to Israeli settlement policy.

You lost all the voters who would get out and vote in their own interests economically, over trying to rally the same narrow corridor of voters that almost never votes your way.

Winning the race to the bottom, one failed state at a time.

New Jeresy and Virginia lead that category in their downward spiral.

Posted by political forum, Oct 05 2010, 10:52PM - Link

Great interview, Steve. Thought-provoking as always. Oil has been pretty prominent in the US' foreign policy vis-a-vis Saudi Arabia, Kuwait and Iraq. It will probably stay that way for the rest of our lives. However, with the advent of algae biodiesel, whereby you can actually make carbon dioxide eating algae that produce oil from microscopic organisms (that commonly grow in the oceans and in people's pools) I think we may be able to have a less oil-dependent foreign policy.

I guess if countries start invading each other (i.e. Iraq vs Kuwait) in a world where oil is less important, then we will use sanctions more and war less. Does that sound right?

Nigel