“Clearly, the Chinese need the resources, but I don't think they want to clash wi…” — 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.

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

Even Silicon Valley investors have put well over a $1 billion in new energy technologies.

First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it is a geopolitical question. For the Europeans right now it is very much focused on the dependence on imported natural gas.