A few past quotes from Mr. Yergin on this glorious occasion...

A more relevant description would be a plateau in production capacity that might be reached in the fourth or fifth decade of this century. -Daniel Yergin

But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years. -Daniel Yergin

Cycles of shortage and surplus characterize the entire history of oil. -Daniel Yergin

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now. -Daniel Yergin

It's extraordinary how inventive one can be with ethanol right now. -Daniel Yergin

So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology. -Daniel Yergin

The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly. -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. -Daniel Yergin

We are living in a different world now. You can see it everywhere in international relations: It was noteworthy that, after his visit to Washington, the Chinese president's next stop was Saudi Arabia. -Daniel Yergin

Within four or five years the US might be getting 10 percent of its gasoline from ethanol - that would be like creating a new Indonesia. -Daniel Yergin

You know, some of these wise quotes belong in the upper right corner... :)