If you read Daniel Yergin’s book “The Prize: The Epic Quest for Oil, Money & Power” you already know a lot has happened since it was published in 2008. Called “the best history of oil ever written” by Business Week, the shale boom hadn’t happened yet; climate change wasn’t as much in the forefront as it is today; and the country wasn’t as fragmented in terms of political thought than it is in 2020. Of course, there wasn’t a global pandemic in sight at the time either.
This year, the winner of the Pulitzer Prize, IHS Markit vice-chairman, and recently named "Energy Writer of the Year” by the American Energy Society, knew it was the right time to re-examine the global energy landscape. In "The New Map: Energy, Climate, and The Clash of Nations,” Yergin looks at how the shale revolution transformed the American economy, but also introduced a “turbulent new era.” These days, energy’s role in climate change is ushering in a second revolution of sorts—the search for a low-carbon future.
In this video interview, Yergin discusses not only his latest book, but also the new energy landscape for the 2020s and beyond.
Jump to a Topic:
- Why it was time to write a new book (1:10)
- How energy transition is seen around the world (2:21)
- Different meanings of energy transition in the U.S. (3:37)
- Mixed energy system (5:35)
- Energy’s challenges with a Biden administration (6:47)
- Relationship between American shale and OPEC, OPEC+ (9:06)
- Views on oil and gas demand (11:25)
- Demand in Africa and developing nations (13:24)
- The importance of breakthrough technology (14:58)
- The state of the service sector (16:15)
- The next generation of the energy industry (18:17)
- Is oil and gas at a watershed moment? (20:46)
Recommended Reading
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
2024-10-23 - Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
2024-10-29 - Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
Ingham Named President of Texas Alliance of Energy Producers
2024-08-12 - Karr Ingham served as interim president of the Texas Alliance of Energy Producers for nine months prior to assuming the full leadership position.
Utica Oil E&P Infinity Natural Resources Latest to File for IPO
2024-10-05 - Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
YPF, Petronas Target FID for Argentine LNG Facility in Late 2025
2024-08-16 - Argentina’s long-envisioned LNG export facility is closer to becoming a reality as state-owned YPF SA and Malaysia’s Petronas will look to reach a final investment decision in the second half 2025 on development in Sierra Grande on the country’s Atlantic Coast.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.