ARC ENERGY IDEAS

From The Prize to The New Map: An Interview with Daniel Yergin

Jun 20, 2023

36:37

This week our special guest is Daniel Yergin vice chairman of S&P Global and author of the Pulitzer Prize-winning book “The Prize: The Epic Quest for Oil, Money and Power”.

Dan’s most recent book “The New Map: Energy, Climate, and the Clash of Nations” now has a revised edition. “The New Map” has been described as prophetic, predicting that Ukraine would be the scene of confrontation and conflict between Russia and the West.

Here are some of the questions Peter and Jackie asked Dan: Why did you foresee the conflict between Russia and the West playing out in Ukraine? As a result of the invasion, is the world moving towards being more bifurcated? Do you think Russia’s oil and gas production will decline? Do you see any scenario in which Russia withdraws from the Ukraine war, or is greater escalation more likely? How has the relationship between the United States and China changed? What is China’s motivation for wanting to take back Taiwan? How will the US Inflation Reduction Act (IRA) change the energy map and the US relationship with China? Do you think the recent US permitting reforms will speed up projects? How would you describe the oil markets currently, short term and long term? Do you agree with the narrative that the world is underinvesting in oil supply? Do you see a scenario in which US shale oil would grow aggressively again?

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