Quotes from Daniel Yergin

China's Map" is rooted both in what it calls the "Century of Humiliation" and in its tremendous gains in global economic and military power over the last two decades, and by the energy needs of what will become the world's largest economy (and, by some measure, already is).

The new technique needed a name. They didn't want to just call it "water fracking." That would have been too prosaic, even boring. So they called it "slick water fracturing.

In 2009, China overtook the United States as the world's largest auto market, and the gap continues to grow. Beijing is determined that one out of every five new vehicles sold in China by 2025 should be a NEV—a "new energy vehicle.

EOG ended up focused on the Eagle Ford Shale, which underlies South Texas.

government and its Iranian and Hezbollah allies. But ISIS was distinguished by its organization, capabilities, fervor, and violence. It proclaimed that the other Islamic rebels, including Al Qaeda, were apostates who were to be killed "wherever you find them.

By the time they were done, EOG's land men had acquired half a million acres at $400 an acre. EOG thought it had acquired almost a billion barrels of oil.

China has its own great champion of electric vehicles—Wan Gang. He ranks with Elon Musk in terms of impact on the advancement of the EV and as one of the most consequential figures for the global auto industry.

But shale drilling needed another technology to be economic. This was horizontal drilling.

At a depth of two miles, sandwiched between a number of other strata, was a formation called the Bakken, named for a local farmer, and just below it the Three Forks.

First as head of China's "Key Electric Vehicle Project" and then as minister of science and technology, Wan led China's EV drive.

The answer in terms of technology was horizontal drilling in the form of "stages." Rather than trying to frack the length of the entire horizontal well all at once, the drillers would do so in stages, learning and experimenting and adjusting to the specific rock as they went.

A man is a business failure if he lets his family life interfere with his business record

By July, oil prices were beginning to subside.13 But the consequences of the offensive were startling. With its fanatic but well-organized military drive, ISIS had redrawn, at least for a time, the map at the heart of the Middle East. It now controlled a contiguous territory that reached from north-central Syria all the way across Iraq to Mosul—almost the same distance as from London to Edinburgh—with as many as eight million people under its rule.

The third reason is global competitiveness. As a latecomer to auto production, China would have a hard time catching up and becoming a major competitor in the global market for conventional cars. But the electric car is a new game, and there are no big established EV players. Rapid growth of the national EV industry would deliver not only jobs domestically but also the platform to become a formidable exporter and a major force in the global auto industry.

The one market that seemed to be guaranteed for oil for a very long time was transportation and, specifically, the automobile. No longer, not on the "Roadmap" to the future. For oil now faces a sudden challenge from the New Triad: the electric car, which uses no oil; "mobility as a service," ride-hailing and ride-sharing; and cars that drive themselves. The result could be a contest for dominance in a new trillion-dollar industry: "Auto-Tech.

the consequences of the offensive were startling. With its fanatic but well-organized military drive, ISIS had redrawn, at least for a time, the map at the heart of the Middle East. It now controlled a contiguous territory that reached from north-central Syria all the way across Iraq to Mosul—almost the same distance as from London to Edinburgh—with as many as eight million people under its rule.

The Permian Basin sprawls across seventy-five thousand square miles in West Texas down into southeastern New Mexico.

It draws its name from rocks that are characteristic of the Permian geologic age, which ended with the "great extinction" that wiped out most living creatures about 250 million years ago.

In the 1920s, he decided that it was cheaper to drill for oil than to buy the overvalued shares of other oil companies. After the 1929 stock market crash, he completely changed tack; he saw that oil shares were selling at a great discount to assets, and he turned to prospecting for oil on the floor of the stock exchange—in

In 1974, the basin—really a collection of several different giant oil fields—reached its peak, providing almost a quarter of total U.S. oil supplies.7

In 1974, the basin—really a collection of several different giant oil fields—reached its peak, providing almost a quarter of total U.S. oil supplies.7 But thereafter output in the Permian began a precipitous decline, hitting a low point in 2007.

Declaring that climate is Europe's "most pressing challenge," Ursula von der Leyen, president of the European Commission, has pledged to turn all of Europe into "the first carbon neutral continent in the world.

how fast will electric vehicles penetrate the global auto fleet? In 2019 they constituted less than 3 percent of total new car sales worldwide. But ambitions are high.

In the year that al-Banna was killed, Sayyid Qutb, an Egyptian civil servant and essayist, was on a fellowship in the United States. On his arrival, he had been overwhelmed by fear as to whether he could resist the "sinful temptation" that surely awaited him.