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)
Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Schlumberger has spent billions of dollars to take over managing customers' oil fields, in some cases becoming an investor in the fields, while seeking to profit from increased oil production.