So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.
Daniel Yergin
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In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.
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People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters.
- Daniel Yergin