Daniel Yergin

Daniel Howard Yergin (born February 6, 1947) is an American author, speaker, energy expert, and economic historian. Yergin is vice chairman of S&P Global. He was formerly vice chairman of IHS Markit, which merged with S&P in 2022.^[1][2] He founded Cambridge Energy Research Associates, which IHS Markit acquired in 2004.^[3] He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize–winning The Prize: The Epic Quest for Oil, Money, and Power, (1991)^[4] The Quest: Energy, Security, and the Remaking of the Modern World (2011),^[5] and The New Map: Energy, Climate, and the Clash of Nations (2020).^[6]

Daniel Yergin
At the World Economic Forum in 2012
Born	(1947-02-06) February 6, 1947 (age 76) Los Angeles, California, U.S.
Alma mater	Yale University Trinity College, Cambridge
Occupation(s)	Author, historian, educator, energy analyst
Spouse	Angela Stent
Awards	Pulitzer Prize
Website	danielyergin.com

Yergin's articles and op-eds on energy, history, and the economy have been published in publications such as The Wall Street Journal,^[7][8] The New York Times,^[9] The Washington Post,^[10] and the Financial Times.^[11] All of Yergin's books have been drafted in long-hand.^[12] Currently a director on entities such as the Council on Foreign Relations^[13] and the United States Energy Association,^[14] he is also a trustee of the Brookings Institution^[13][15] and a long-term advisor to several U.S. administrations,^[16][17] as well as chairman of the annual CERAWeek energy conference.^[18]

Early life and education

Yergin was born on February 6, 1947^[19] in Los Angeles, California.^[20] His father Irving Yergin worked at Warner Brothers and was editor of The Hollywood Reporter and a former journalist in Chicago.^[21] His mother Naomi Yergin was a sculptor and painter.^[21] Yergin is Jewish.^[22] He attended Beverly Hills High School.^[21][20] He received his BA from Yale University^[23][13] in 1968,^[24][19] where he wrote for the Yale Daily News and was founder of The New Journal^[4] in 1967.^[24] He was also a member of the prank senior society, The Pundits and the literary society, Elizabethan Club.

He received his MA in 1970^[19] and his PhD in international history from Cambridge University, where he was a Marshall Scholar.^[24][23][15] While at Cambridge, he wrote for various British magazines as well as The Atlantic,^[4] where he was a contributing editor,^[25] and The New York Times Magazine.^[4] He has honorary doctorates from Dartmouth College,^[26] Colorado School of Mines,^[27] University of Houston, and the University of Missouri.^[28]

Career

1970s

Early in his career, Yergin worked as a contributing editor for New York magazine.^[21] Through 1980, he was a lecturer at the Harvard Business School and, until 1985, a lecturer at Harvard Kennedy School.^[29][4] Yergin's first book, Shattered Peace: The Origins of the Cold War and the National Security State (1977),^[19] was partly based upon his doctoral dissertation and focused on the origins of the Cold War.^[4] It was named "best book of the year" by the National Historical Society.^{[citation needed]}

In the mid-1970s,^[30] while a post-doctoral fellow,^[31] he began to take a particular interest in energy in his writing.^[24] Basing the book on four years of research, with Robert B. Stobaugh he co-authored and co-edited Energy Future: The Report of the Energy Project at the Harvard Business School in 1979.^[30] According to the Los Angeles Times, the book "caused a considerable stir with its optimistic view of the possibilities of energy conservation and such alternative sources as solar power."^[21] It proved to be a The New York Times bestseller,^[30] ultimately selling 300,000 copies in six languages.^[4]

Within its first year of release, Yergin and Stobaugh were called to Washington, D.C. several times to testify before Congressional committees.^[30] He also advised James Schlesinger, the first US energy secretary, around the time of the Iranian revolution. According to Reuters, "since then he has given advice to every administration."^[3]

1980s–1990s

He founded Cambridge Energy Research Associates (CERA) with Jamey Rosenfield in 1982^[12][3] with the purchase of a $2 file cabinet from The Salvation Army.^[21][29][4] With Yergin as president,^[4][32] the energy research and consulting firm was created as a "quasi think-tank and source of energy industry analysis."^[21]

Yergin is arguably best known for his fourth book,^[12] The Prize: The Epic Quest for Oil, Money, and Power (1991).^[4] It became a number-one bestseller that won the Pulitzer Prize for General Non-Fiction in 1992 and the Eccles Prize for the best book on economics for a general audience,^[32] selling around 700,000 copies^[4] in 17 languages.^[33] The book was adapted into a PBS/BBC series^[13] seen by around 100 million viewers both domestically and internationally,^[4][21] with Yergin as the principal storyteller.^[34] His next book was Russia 2010 and What It Means for the World (1993), written with Thane Gustafson, which provided scenarios for the development of Russia after the collapse of the Soviet Union.^[35]

2000s–2010s

His 2002 book The Commanding Heights: The Battle for the World Economy,^[13] written with Joseph Stanislaw, described in narrative form the struggle over the "frontier" between governments and markets and the rise of globalization.^[4] In the "first major PBS series on business in more than a decade,"^[21] he led the team that created an Emmy-winning six-hour^[36][14] PBS/BBC television series based on the book,^[13] serving as executive producer and co-writer^[37] and interviewing individuals such as Bill Clinton, Dick Cheney, Vicente Fox, and Mikhail Gorbachev.^[38]

External video
Booknotes interview with Yergin on The Prize, C-SPAN

CERA was acquired by the information company IHS Inc. in 2004,^[23][3][13] with Yergin becoming an executive of the combined company and remaining chairman of CERA.^[39] Described as a sequel to his book The Prize, Yergin's The Quest: Energy, Security, and the Remaking of the Modern World (2011) continued his history of the global oil industry but also addressed energy security, natural gas, electric power, climate change and the search for renewable sources of energy.^[5] Like his previous books, it was drafted in long-hand.^[12] In 2011 it was shortlisted for the Financial Times and McKinsey Business Book of the Year Award.^[40]

2020s

In September 2020, Yergin published The New Map: Energy, Climate, and the Clash of Nations.^[41][42]

Viewpoints and research

 

Yergin at the 2014 International Seapower Symposium

Yergin's articles^[43] and op-eds on energy, history, and the economy have been published in a variety of publications, including The Wall Street Journal,^[8][7] The New York Times,^[9] Foreign Affairs,^[35] The Washington Post,^[10] the Financial Times,^[44][11] and Forbes.^[45] He has also been interviewed about energy policy and international politics on various television programs.^[46] In 2003^[47] he became CNBC's global energy expert, which he continued to do for a decade,^[48][14] and in September 2011 he appeared on The Colbert Report to discuss wind and solar power.^[49]

In a 2011 essay published in The Wall Street Journal, Yergin criticized predictions of imminent peak oil. Instead of a peak, Yergin predicted that future oil production would plateau as increasing prices moderate demand and stimulate production.^[50][44] He also addressed peak oil in a chapter in The Quest entitled "Is the World Running Out of Oil?"^[51]

In 2019, Yergin and former U.S. Energy Secretary Ernest Moniz led a major 229-page study, Advancing the Landscape of Clean Energy Innovation,^[52] which was conducted by IHS Markit and Energy Futures Initiative for the Breakthrough Energy coalition, led by Bill Gates. The study identified ten areas for transformational energy breakthroughs. Axios quoted Yergin, "The purpose of the report is to provide a framework and a guide to people who want to invest in clean energy innovation."^[53]

Yergin chaired IHS Markit's study on "Reinventing the Wheel," which focused on changing transportation methods, the role of electric vehicles, and the timing of peak oil demand.^[54]

Memberships and directorships

Yergin is the current vice chairman of S&P Global, appointed during the company's merger with IHS Markit.^[2] He became the vice chairman of IHS in 2012 and remained vice chairman when IHS merged with Markit in 2016.^[1][55][23] He is also chairman of S&P's annual CERAWeek energy conference.^[18][16][56]

He previously chaired the US Department of Energy's Task Force on Strategic Energy Research and Development.^[14] He is a trustee of the Brookings Institution,^[13][15] where he chairs the energy security roundtable.^[57] He is currently a director on the Council on Foreign Relations,^[13] United States Energy Association, and the U.S.-Russia Business Council.

He serves on the National Petroleum Council, which advises the U.S. Secretary of Energy.^[13][14] He is on the advisory boards of the Massachusetts Institute of Technology Energy Initiative,^[13] the Columbia University Center on Global Energy Policy, and Singapore's International Energy Advisory Panel.^[15] Yergin has been a member of the Secretary of Energy Advisory Board under presidents Bill Clinton, George W. Bush, Barack Obama, and Donald Trump.^[58][59] In December 2016 Yergin joined a business forum composed primarily of CEOs assembled to provide strategic and policy advice on economic issues to President Donald Trump.^[17] The forum was disbanded in August 2017.^[60]

Awards

Yergin was awarded the 1997^[61] United States Energy Award for "lifelong achievements in energy and the promotion of international understanding."^[15] The International Association for Energy Economics gave Dr. Yergin its 2012 award for "outstanding contributions to the profession of energy economics and to its literature."^[62] In 2014 the Prime Minister of India presented Yergin^[15][3] with a Lifetime Achievement Award,^[23][13] and in 2015 the University of Pennsylvania presented him with the first Carnot Prize for "distinguished contributions to energy policy."^[13] The U.S. Department of Energy awarded him the first James Schlesinger Medal for Energy Security in 2014.^[3]

Publishing history

Books as author

• Shattered Peace: The Origins of the Cold War and the National Security State. New York: Houghton Mifflin, 1977. Reprints: Penguin, 1978, 1980, ISBN 0-395-27267-X; Penguin, rev. & updated, 1990, ISBN 0-14-012177-3.
• The Prize: The Epic Quest for Oil, Money, and Power. New York: Simon & Schuster, 1991. ISBN 0-671-50248-4. Reprint: Simon & Schuster, 1992, ISBN 0-671-79932-0.
• The Quest: Energy, Security, and the Remaking of the Modern World. Penguin Press, 2011. ISBN 978-1-59420-283-4.^[63] (Revised, reprint edition, 2012.)
• The New Map: Energy, Climate, and the Clash of Nations. Penguin Press, 2020. ISBN 978-1-59420-643-6.^[64]

Books as co-author

• Energy Future: The Report of the Energy Project at the Harvard Business School. New York: Random House, 1979. ISBN 0-394-50163-2. Reprints: Ballantine Books, ISBN 0-394-29349-5; Knopf, 3rd ed., 1982, ISBN 0-394-71063-0; Random House, new revised 3rd ed., 1990. [With Robert B. Stobaugh.]
• Global Insecurity: A Strategy for Energy and Economic Renewal. New York: Houghton Mifflin, 1982. ISBN 0-395-30517-9. Reprint: Viking Penguin Books, 1983, ISBN 0-14-006752-3. [With Martin Hillenbrand.]
• Russia 2010: And What It Means for the World. New York: Random House, 1993. ISBN 0-679-42995-6. Reprint: Vintage, 1995, ISBN 0-679-75922-0. [With Thane Gustafson.]
• The Commanding Heights: The Battle Between Government and the Marketplace That Is Remaking the Modern World; New York: Simon & Schuster, 1998. ISBN 0-684-82975-4. [With Joseph A. Stanislaw.]
  • Revised, retitled and updated as The Commanding Heights: The Battle for the World Economy; New York: Free Press, 2002. ISBN 0-684-83569-X.

See also

• List of Yale University people
• List of American non-fiction environmental writers
• List of economic advisors to Donald Trump
• List of University of Cambridge people
• Predicting the timing of peak oil

References

1. , NEMA press release, July 12, 2012, archived from the original on December 25, 2017
2. "S&P Global Appoints Daniel Yergin Vice Chairman". S&P Global. April 13, 2022.
3. "U.S. grants first medal on energy to oil historian Yergin". Reuters. October 1, 2017. Retrieved May 11, 2017.
4. Ringle, Ken (April 9, 1998). "Daniel Yergin, Turning a Prophet; How a Historian Became a Market Guru And Hit the Jackpot". The Washington Post. Retrieved March 4, 2012.
5. Cohen, Joel E. (April 26, 2012). "What Will It Take to Save the Earth?". The New York Review of Books.
6. "A global energy study that misses some climate change realities". The Washington Post. September 25, 2020.
7. Crisis in the Pipeline, Daniel Yergin, The Wall Street Journal, August 10, 2006
8. Yergin, Daniel (May 16, 2017). "The Struggle Behind Oil's Ups and Downs". The Wall Street Journal. New York City. Retrieved December 21, 2017.
9. Visions of an Age When Oil Isn't King The New York Times, September 20, 2011
10. Yergin, Daniel (October 28, 2011). "Oil's new world order". The Washington Post. Washington, D.C., United States. Retrieved December 23, 2017.
11. Yergin, Daniel (January 26, 2016). "Oil prices are at the mercy of geopolitics". Financial Times. London, United Kingdom. Retrieved December 23, 2017.
12. Khan, Chris (October 27, 2011). "Yergin: Only politics can threaten energy supplies". Associated Press. Retrieved March 4, 2012.
13. "Penn's Kleinman Center for Energy Policy Awards the Inaugural Carnot Prize to IHS Vice Chairman Daniel Yergin". news.upenn.edu. Retrieved May 11, 2017.
14. "Board Member Emeritus, New America; Vice Chairman, IHS", New America, retrieved December 23, 2017
15. Daniel H. Yergin, Council on Foreign Relations, retrieved December 22, 2017
16. Osborne, James (March 4, 2017). "CERAWeek: 'Forces of change' expected to dominate conversation". Houston Chronicle. Houston, Texas, United States. Retrieved December 23, 2017.
17. Bryan, Bob (December 2, 2016). "Trump is forming an economic advisory team with the CEOs of Disney, General Motors, JPMorgan, and more". Business Insider. Retrieved June 1, 2017.
18. Yedlin, Deborah (March 6, 2017). "Yedlin: CERAWeek conference opens with renewed optimism". Calgary Herald. Calgary, Alberta, Canada. Retrieved December 23, 2017.
19. . Associated Press. October 26, 2011. Archived from the original on December 24, 2017. Retrieved December 22, 2017.
20. Redburn, Tom. "'Energy Future' Goes Beyond Ivory Tower" February 18, 2016, at the Wayback Machine, Los Angeles Times, August 19, 1979. Retrieved December 15, 2007. "Fifteen years ago, Daniel Yergin left Beverly Hills High School to attend Yale University and, except for summer jobs and brief visits, he hasn't been back here since."
21. Parrish, Michael (January 9, 1993). "He Knows Oil : Daniel Yergin Built a Company and Penned a Best-Selling History". Los Angeles Times. Los Angeles, California, United States. Retrieved December 22, 2017.
22. "Trump names Jewish billionaire to head economic advisory team". The Times of Israel. December 2, 2016. Others include Daniel Yergin, an authority on the role energy plays in international affairs; Mark Weinberger, the chairman of Ernst and Young, the tax accounting giant, who was honored with the 2012 Anti-Defamation League Achievement Award; Larry Fink, who helms BlackRock, an investment management firm; Robert Iger, the Disney CEO; and Kevin Warsh, a former governor of the Federal Reserve who is married to Jane Lauder, an heiress to the Lauder cosmetics fortune.=
23. "IHS Executives". IHS Inc. Retrieved March 4, 2012.
24. "A Conversation with Daniel Yergin". The New Journal. April 22, 2013. Retrieved December 23, 2017.
25. Clendinen, Dudley (October 22, 1982). "In Boston, Days of Literary Renewal". The New York Times. New York City, new York, United States. Retrieved December 23, 2017.
26. . Oil and Gas Financial Journal. April 15, 2016. Archived from the original on December 23, 2017. Retrieved December 22, 2017.
27. "Commencement 2008". Colorado School of Mines. Colorado, United States. Retrieved December 22, 2017.
28. Daniel Yergin, CNBC, March 12, 2010, retrieved December 22, 2017
29. "Dan Yergin at IHS Investor Day - Slide 88 at 01:30:15". investor.ihs.com. Retrieved June 23, 2016.
30. Klemesrud, Judy (November 18, 1979). "Energy Future" (PDF). The New York Times. Retrieved March 4, 2012.
31. Shapiro, Tamar A. (April 11, 1992). "Yergin Receives Pulitzer Prize". The Crimson. Harvard University. Retrieved December 23, 2017.
32. "1992 Pulitzer Prize Winners and Their Works in Journalism and the Arts". The New York Times. April 8, 1992. Retrieved March 4, 2012.
33. Yergin, Daniel (December 23, 2008), The Prize: The Epic Quest for Oil, Money & Power - Description, Free Press, ISBN 978-1439110126
34. The Prize on PBS - credits and cast listing on IMDB
35. Yergin, Daniel; Gustafson, Thane (April 1994). "Russia 2010 and What It Means for the World". Foreign Affairs. Retrieved December 22, 2017.
36. "Commanding Heights: The Battle for the World Economy". IMDb.
37. Credits - Commanding Heights, United States: PBS, retrieved December 23, 2017
38. "Commanding Heights: The Battle for the World Economy". Wired. 2002. Retrieved December 22, 2017.
39. Morrison, Kevin (September 3, 2004). "ERA sold to IHS Energy". Financial Times. London, United Kingdom. Retrieved December 23, 2017.
40. "2011 shortlist". Financial Times. London, United Kingdom. September 14, 2011. Retrieved May 30, 2012.
41. Yergin, Daniel (September 15, 2020). The new map: energy, climate, and the clash of nations. USA: Penguin Press. ISBN 978-0-14311-115-3. Paperback edition.
42. "The New Map: Energy, Climate, and the Clash of Nations". Kirkus Books. September 15, 2020.
43. A Price Tag to Growth, LiveMint, February 23, 2007
44. Yergin, Daniel. "The Perils, Prizes and Pitfalls of a Post-Gaddafi Era of Oil". Financial Times. Retrieved May 29, 2012.
45. Yergin, Daniel (September 3, 2009). "The Pennsylvania Start-up That Changed The World". Forbes. Retrieved December 23, 2017.
46. Belvedere, Matthew J. (June 15, 2017). "Putin is motivated to stick with OPEC's output cuts purely by self-interest, oil analyst Yergin says". CNBC. Retrieved December 23, 2017.
47. Pearson, Hampton (August 19, 2003). "Washington focuses on energy bill". CNBC TV. Retrieved December 23, 2017.
48. Daniel Yergin, Library of Congress and National Book Festival, retrieved December 23, 2017
49. , The Colbert Report, September 21, 2011, archived from the original on December 23, 2019, retrieved December 23, 2017
50. Yergin, Daniel. "There will be oil", The Wall Street Journal, September 17, 2011.
51. The Quest: Energy, Security, and the Remaking of the Modern World. Penguin Press, 2011. ISBN 978-1-59420-283-4. (Revised, reprint edition, 2012.)
52. "Report - Advancing the Landscape of Clean Energy Innovation".
53. "Ernest Moniz and Dan Yergin on the 10 energy technologies we should prioritize". February 6, 2019.
54. "Reinventing the Wheel: The future of cars, oil, chemicals, and electric power" (PDF). IHS Markit. September 2017. Retrieved December 23, 2017.
55. "IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo". IHS Markit. July 13, 2016. Retrieved December 22, 2017.
56. Ford, Nancy (May 19, 2022). "Leaders cautiously optimistic about smooth energy transition". BIC Magazine.
57. "Daniel Yergin Congressional Testimony -- Joint Economic Committee of the United States". IHS Markit. June 24, 2014. Retrieved December 23, 2017.
58. Global Perspectives with Daniel Yergin, Federal Reserve Bank of Dallas, retrieved December 24, 2017
59. "Secretary Perry Announces Members of the Secretary of Energy Advisory Board".
60. Domm, Patti (August 16, 2017). "'Firestorm' over Trump's latest tirade prompted top CEOs to disband advisory council". CNBC. Retrieved December 23, 2017.
61. Smith, Abby (April 14, 2014). "Pulitzer-Prize winning author speaks about energy, global politics". Lehigh Valley Live. Retrieved December 21, 2017.
62. "Outstanding Contributions to the Profession". IAEE.
63. The Quest: Energy, Security, and the Remaking of the Modern World, Publishers Weekly, July 11, 2011
64. The New Map: Energy, Climate, and the Clash of Nations, Publishers Weekly,September 1, 2020

External links

 

Wikimedia Commons has media related to Daniel Yergin.

• Official website  
• Appearances on C-SPAN  
• Daniel Yergin at IMDb