Daniel Yergin

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Daniel Yergin
Daniel Yergin - World Economic Forum Annual Meeting 2012.jpg
At the World Economic Forum Annual Meeting, 2012
Born Los Angeles, U.S.
Residence Washington, DC
Occupation Author
Awards Pulitzer Prize
Website
www.danielyergin.com

Daniel Howard Yergin (born February 6, 1947) is a Pulitzer Prize-winning American author, speaker, and economic researcher. Yergin is the co-founder and chairman of Cambridge Energy Research Associates, an energy research consultancy that is now part of IHS Inc. He is best known as author of The Prize: The Epic Quest for Oil, Money, and Power and The Quest: Energy, Security, and the Remaking of the Modern World.

Early life and education[edit]

Born in Los Angeles, California to a Chicago Tribune reporter father and a mother who was a sculptor and painter, Yergin attended Beverly Hills High School.[1] He received his B.A. from Yale University in 1968, where he served on the board of the Yale Daily News, and was a founder of The New Journal. He earned his PhD in International Relations (1974) from Cambridge University where he was a Marshall Scholar. He also holds honorary doctoral degrees from Colorado School of Mines, University of Houston, and the University of Missouri.

Career[edit]

From 1977 through 1980, he was a Lecturer at the Harvard Business School and, until 1983, a Lecturer at Harvard's Kennedy School of Government. He founded Cambridge Energy Research Associates (CERA) in 1982 with the purchase of a $7.00 file cabinet from Goodwill.[2][not specific enough to verify] In 2004, CERA was acquired by the information company IHS Inc. In addition to being chairman of IHS CERA, he is also executive vice president of IHS.[3]

Books[edit]

Yergin's first book, Shattered Peace, focused on the origins of the Cold War between the Soviet Union and the West. It received the book award from the National Historical Society. Shattered Peace was partly based upon Yergin's PhD dissertation.

He co-authored and co-edited with Robert B. Stobaugh, Energy Future: the Report of the Energy Project at the Harvard Business School, which was a New York Times bestseller.[4]

Daniel Yergin is best known for The Prize: The Epic Quest for Oil, Money, and Power, a number-one bestseller that won the Pulitzer Prize for General Non-Fiction in 1992 and the Eccles Prize for the best book on economics for a general audience.[5] The book was adapted into a PBS/BBC mini-series seen by more than 20 million viewers.[citation needed] Yergin was awarded the 1997 United States Energy Award for "lifelong achievements in energy and the promotion of international understanding.”

His next book was Russia 2010 and What It Means for the World, written with Thane Gustafson, which provided scenarios for the development of Russia after the collapse of the Soviet Union. This was followed by The Commanding Heights: the Battle for the World Economy, written with Joseph Stanislaw, which started out as a 60,000-word essay and described in narrative form the struggle over the "frontier" between governments and markets and the rise of globalization.[6] It was made into a prize-winning six-hour PBS/BBC television series. Yergin was executive producer and host of the series. Yergin interviewed many high profile people including Bill Clinton, Dick Cheney, Gordon Brown, Newt Gingrich, and Robert Rubin, as well as prominent economists.

In September 2011, Yergin published his 804-page The Quest: Energy, Security, and the Remaking of the Modern World, which continued his history of the global oil industry but also addressed energy security, natural gas, electric power, climate change and the search for renewable sources of energy.[7]

All of Yergin's books were drafted in long-hand.[8]

Peak oil controversy[edit]

Yergin has criticized predictions of immanent peak oil, noting in 2011 that the early 21st century is the fifth period of widespread predictions that world oil production was about to fall. The four previous times when experts commonly predicted that oil production would soon decrease were: first in the 1880s, then after each of the World Wars, and again in the 1970s. He wrote that Hubbert peak theory ignores the effects of economics and technological advances. Instead of a peak, Yergin predicts future oil production will be more of a plateau, as increasing prices moderate demand and stimulate production.[9][10][11][12] He also addressed peak oil in a chapter in The Quest entitled “Is the World Running Out of Oil?”

Yergin's peak oil views have been attacked by critics from a peak oil perspective.[13][14] For example, Jean Laherrere contends that Yergin's predictions on energy production and prices have omitted key facts, leading Yergin to draw incorrect conclusions.[15] Others have criticized his predictions and that of CERA.[16]

Books by Daniel Yergin[edit]

  • The Dependence Dilemma (Harvard Studies in International Affairs 43): Gasoline Consumption and America's Security. University Press of America, 1980. ISBN 0-87674-047-6. Reprint: Rowman & Littlefield, 1984, ISBN 0-8191-4056-2.
  • 1989 Fuels report hearing on the oil price forecast and scenario planning (CEC contract). Cambridge Energy Research Associates, 1989.
  • The U.S. Strategic Petroleum Reserve. Cambridge Energy Research Associates, 1990.
  • Gasoline and the American People. Cambridge Energy Research Associates, 1991.
  • The Euro: Remaking Europe's Future: The New Europe poses enormous challenges—for the welfare state, for companies, and for political leaders. Cambridge Energy Associates, 1998.

Books co-authored by Daniel Yergin[edit]

References[edit]

  1. ^ Redburn, Tom. "'Energy Future' Goes Beyond Ivory Tower", Los Angeles Times, August 19, 1979. Accessed December 15, 2007. "Fifteen years ago, Daniel Yergin left Beverly Hills High School to attend Yale University and, except for summer jobs and brief visits, he hasn't been back here since."
  2. ^ Ringle, Ken (April 9, 1998). "Daniel Yergin, Turning a Prophet; How a Historian Became a Market Guru And Hit the Jackpot". The Washington Post. Retrieved March 4, 2012. 
  3. ^ "IHS Executives". IHS Inc. Retrieved March 4, 2012. 
  4. ^ Klemesrud, Judy (November 18, 1979). "Energy Future". The New York Times. Retrieved March 4, 2012. 
  5. ^ "1992 Pulitzer Prize Winners and Their Works in Journalism and the Arts". The New York Times. April 8, 1992. Retrieved March 4, 2012. 
  6. ^ Ringle, Ken (April 9, 1998). "Daniel Yergin, Turning a Prophet; How a Historian Became a Market Guru And Hit the Jackpot". The Washington Post. Retrieved March 4, 2012. 
  7. ^ What Will It Take to Save the Earth? April 26, 2012 by Joel E. Cohen in The New York Review of Books
  8. ^ Khan, Chris (October 27, 2011). "Yergin: Only politics can threaten energy supplies". The Associated Press. Retrieved March 4, 2012. 
  9. ^ [Daniel Yergin http://online.wsj.com/news/articles/SB10001424053111904060604576572552998674340 “There will be oil”], Wall Street Journal, 17 Sept. 2011.
  10. ^ "Daniel Yergin on Fox Business". http://video.foxbusiness.com/v/embed.js?id=1174676277001&w=466&h=263. 
  11. ^ Gross, Daniel. "U.S. incentives for renewable energy raise questions". The New York Times. Retrieved May 29, 2012. 
  12. ^ Yergin, Daniel. "The Perils, Prizes and Pitfalls of a Post-Gaddafi Era of Oil". Financial Times. Retrieved May 29, 2012. 
  13. ^ "Holding Daniel Yergin and CERA Accountable". http://www.theoildrum.com/node/3487. 
  14. ^ Tverberg, Gail (September 29, 2011). "Is Yergin Correct about Oil Supply? (an Opinion the WSJ did not run)". Our Finite World. 
  15. ^ "Peak Oil : Laherrère responds to Yergin". Le Monde. 
  16. ^ "Holding Daniel Yergin and CERA Accountable". http://www.theoildrum.com/node/3487. 
  17. ^ The Quest: Energy, Security, and the Remaking of the Modern World

Articles and interviews[edit]

External links[edit]