Daniel Yergin
๐ค SpeakerAppearances Over Time
Podcast Appearances
is a reliable provider.
And you're not going to see something like the Biden administration where they put a freeze on LNG.
But U.S.
LNG is by far the largest supplier now and with part of gutter really damaged, at least for a few years out of it will be even more reliance on U.S.
LNG.
You never want to say anything is for sure forever because things really do change.
And even I think tracing your remarks at the beginning about how the world looked in 2019 and here seven years later, the world looks very different.
So many changes could happen.
I think there's been the general view and there was a debate really at SEER Week among the CEOs about shale, that question.
Some saying, well, it's plateaued or going to plateau pretty soon.
Now it's plateauing at a very high number.
I mean, almost 14 million barrels a day and maybe going a little higher than that.
Others say, no, technology is going to unlock.
The recovery rate is now like 7%.
And if you can get it to 10% or 12%, it will go on longer.
So I think, at least if we look out a few decades, the US will continue to be a big producer of oil unless something dramatically changes.
And even longer, we have very abundant gas.
Forever, things can change, policy can change.
If you have a Bernie Sanders administration someday, it will be a very different picture than what we have today.
Well, I feel what I'm struck by is the continuity that the Iranian oil workers went on strike in 1978.