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The New Map: Energy, Climate, and the Clash of Nations QUOTES

The New Map: Energy, Climate, and the Clash of Nations QUOTES

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

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

182 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

183 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

184 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

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

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

186 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

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

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

188 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

189 " Today, more than a hundred Chinese-made EV models are on sale in China. The development of electric vehicles meets three major objectives for Beijing. The first is to reduce the often-choking air pollution (although the gains will be somewhat mitigated by the amount of electricity produced by coal). Secondly, electric cars promote energy security. “China’s oil demands are increasing day by day,” Wan warned. With overall auto ownership growing rapidly, Beijing counts on electric cars to dampen the continuing increase in oil imports. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

190 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

191 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

192 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

193 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

194 " China already manufactures almost three-quarters of the world’s lithium batteries. The electric car also fits into a larger vision of an electric transportation network inside China—high-speed electric rail connecting cities where people move around in electric cars, or on electric buses and electric bicycles. By the end of 2017, over 50 percent of China’s city bus fleet was already electric. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

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

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

196 " China also offers an enormous carrot. In the crowded megacities, one can only get a license plate through a lottery. In Beijing, the odds of winning a license plate for an oil-fueled car are tiny—1 in 907. Even then, the winner must pay a fee, which can be quite substantial—as high as $13,000. But there is a big exception: An electric car buyer can bypass the lottery and get the license automatically (although there may still be a waiting period), without having to spend money for the license. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

197 " 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. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

198 " For the entire EU, natural gas comprises about 25 percent of energy consumption. That means that Russian gas, at about 35 percent of total gas consumption, provides 9 percent of Europe’s overall energy. After Russia, the next largest source of gas is “indigenous” or “domestic supplies,” largely from the Groningen field in the Netherlands and the British sector of the North Sea. Norway, though not a member of the EU, is highly integrated with it economically, and supplies 24 percent of the EU’s gas; about 9 percent comes from North Africa, mainly Algeria. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

199 " In 2019, almost a million EVs were sold in China—4 percent of new car sales there and more than half of all the EVs sold in the world. "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations

200 " 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 "

― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations