Daniel Yergin on the reasons for oil price increases

The symptoms of the market and global politics, and what governments can do about it, are neatly summarized in this fascinating interview with Daniel Yergin, oil industry expert and Chairman of Cambridge Energy Research Associates with journalist Charlie Rose. I couldn’t stop watching it when I stumbled upon it on PBS. For me it cuts through the hyperbole and stupidity relating to this topic we’ve heard all year.

Most of all, Yergin gives you a sense of hope and perspective that a lot of the dark predictions omit. His recipe for the future is that the major powers come to an accord on the price, supply and consumption of oil for their respective interests, and that we collaborate on the issue of climate change. Sounds like a tall order, but Yergin describes why it can happen.

I recommend that you visit Charlie Rose’s website to watch the full interview with Daniel Yergin.