But that's not enough: To maintain energy security, one needs a supply system that provides a buffer against shocks. It needs large, flexible markets. And it's important to acknowledge the fact that the entire energy supply chain needs to be protected.
Daniel YerginBut 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.
Daniel YerginEven Silicon Valley investors have put well over a $1 billion in new energy technologies.
Daniel YerginClearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.
Daniel Yergin