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Victory does not feel so good as losing feels bad. When you have a son, you are happy. But it's no comparison to the sadness you feel losing a son.

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Daniel Yergin

This has a lot to do with the unrest in Nigeria, but also with the production loss after the hurricanes in the Gulf of Mexico, the decline in Iraq since the 2003 war, and the decline in Venezuelan output since 2002.

Aggravation, Gulf, Loss, Output, War
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Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.

Chinese, Clearly, Happens, Needs, Thinking

In a world of increasing interdependence, energy security will depend much on how countries manage their relations with one another. That is why energy security will be one of the main challenges of foreign policy in the years ahead. Oil and gas have always been political commodities.

Ahead, Countries, Country, Interdependence, Oil, Years

To meet the energy challenge requires the most important energy of all - human creativity. That's the real prize.

Challenges, Creativity, Human, Meet, Prize, Real

We are living in a new age of energy supply anxiety.

Age, Anxiety, Energy

Cycles of shortage and surplus characterize the entire history of oil.

Cycles, History, Oil, Shortage, Surplus
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