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The Quest: Energy, Security, and the Remaking of the Modern World, by Daniel Yergin
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A master storyteller as well as a leading energy expert, Daniel Yergin continues the riveting story begun in his Pulitzer Prize–winning book, The Prize. In The Quest, Yergin shows us how energy is an engine of global political and economic change and conflict, in a story that spans the energies on which our civilization has been built and the new energies that are competing to replace them.
The Quest tells the inside stories, tackles the tough questions, and reveals surprising insights about coal, electricity, and natural gas. He explains how climate change became a great issue and leads readers through the rebirth of renewable energies, energy independence, and the return of the electric car. Epic in scope and never more timely, The Quest vividly reveals the decisions, technologies, and individuals that are shaping our future.
- Sales Rank: #17704 in Books
- Published on: 2012-09-26
- Released on: 2012-09-26
- Original language: English
- Number of items: 1
- Dimensions: 8.40" h x 1.50" w x 5.50" l, 1.52 pounds
- Binding: Paperback
- 832 pages
Review
“Mr. Yergin is back with a sequel to The Prize. It is called The Quest: Energy, Security, and the Remaking of the Modern World, and, if anything, it’s an even better book. It is searching, impartial and alarmingly up to date… The Quest will be necessary reading for C.E.O.’s, conservationists, lawmakers, generals, spies, tech geeks, thriller writers, ambitious terrorists and many others… The Quest is encyclopedic in its ambitions; it resists easy synopsis.” — THE NEW YORK TIMES (Dwight Garner)
“A sprawling story richly textured with original material, quirky details and amusing anecdotes... The tale is generously sprinkled with facts debunking common misperceptions, and Mr. Yergin sagely analyzes how well the energy industry really works.” — THE WALL STREET JOURNAL
“It is a cause for celebration that Yergin has returned with his perspective on a very different landscape… [I]t is impossible to think of a better introduction to the essentials of energy in the 21st century. In Yergin’s lucid, easy prose, the 800 pages flow freely… The Quest is… the definitive guide to how we got here.”
— THE FINANCIAL TIMES
“An important book… a valuable primer on the basic issues that define energy today. Yergin is careful in his analysis and never polemical… Despite that, The Quest makes it clear that energy policy is not on the right course anywhere in the world and that everyone—on the left and the right, in the developed and the developing world—need to rethink strongly held positions.” — THE NEW YORK TIMES BOOK REVIEW (Fareed Zakaria)
“Mr Yergin’s previous book, The Prize, a history of the global oil industry, had the advantage of an epic tale and wondrous timing… The Quest, as its more open-ended title suggests, is a broader and more ambitious endeavour… The Quest is a masterly piece of work and, as a comprehensive guide to the world’s great energy needs and dilemmas, it will be hard to beat.”
— THE ECONOMIST
“The Quest is a book—a tour de force, really—that evaluates the alternatives to oil so broadly and deeply that the physical tome could double as a doorstop… It is best read slowly, perhaps one chapter per day maximum, if the goal is to actually absorb the rich detail and sometimes complicated workings described by Yergin.” — USA TODAY
About the Author
DANIEL B. YERGIN is one of the most influential voices on energy in the world and a highly respected authority on international politics and economics. Dr. Yergin received the Pulitzer Prize for The Prize, which became a number one bestseller. He received the United States Energy Award for “lifelong achievements in energy and the promotion of international understanding.” He is the chairman of IHS Cambridge Energy Research Associates. His other books include Commanding Heights: The Battle for the World Economy; Russia 2010; and Shattered Peace.
[www.danielyergin.com]
Most helpful customer reviews
163 of 195 people found the following review helpful.
Extraordinary Author Daniel Yergin, Gives Us a Gift with THE QUEST - 5 Fabulous STARS
By Richard of Connecticut
We all live fast paced and complex lives. If you are a reader then the key choice you must master is what to read. There is simply too much out there, and you cannot absorb it all. Every now and then a book comes along which is the equivalent of a precious diamond. It is so full of information, presented in such an interesting way that you can't bring yourself to put it down. You couple this characteristic with an author who is a major thinker and what you have when you put it all together is a 1 in a 100 type book. This is a book that changes everything we know about energy.
This is Daniel Yergin
Daniel Yergin is such an author, and this is such a book. It has now been two decades since the he turned the world upside down with his Pulitzer Prize winning "The Prize - The Epic Quest for Oil". To have read it is to understand the world. Its monumental impact affected our economy and Wall Street. In the last few years it became apparent that The Prize needed a badly needed update, not just a chapter added. Instead of completely revamping The Prize, Yergin did one better, he chose to write on the world of energy in general and then incorporate revisions from his previous writings which were necessary. This brings us to "The Quest: Energy, Security, and the Remaking of the Modern World".
We live in world that currently creates $65 trillion per year in gross production of goods and services. Our country does close to $15 trillion of this production, while Europe as a whole does slightly more. Within 20 years the world is expected to produce $130 trillion, that's a doubling in just 2 decades. Now here's the problem as laid out in the book. Yergin clearly spells out that in the developed world today we use about 14 barrels of oil per person per year. In the developing countries we use about 3 barrels per person per year. What are we going to do when gross world production goes from $65 trillion to $130 trillion; energy needs must expand along with economic production?
Oil, coal, and natural gas currently provide 80% of the world's energy needs. It is the thesis of the book that these three sources of energy combined, cannot suffice to answer our energy needs. Yes there is more of each of these sources than previously thought available. As an example, today we produce 5 times the amount of oil than we did in 1957, a remarkable increase, but what is coming down the pike is a need to expand energy to extraordinary levels.
The Book's Organization
This is a relatively long book composed of 711 pages of narrative without a boring sentence in the entire book. It reads fast in spite of its length. There are 16 pages of bibliography and this bibliography is a useful one if you want to explore this topic further. You will then find 34 pages of footnotes, and I like the footnotes being in the back of the book in this case, as opposed to the end of the chapters as you see in other books. Yergin has given us six parts to ponder in this story of how we will solve our energy problems.
PART I - The New World of Oil
It is in this chapter that the author covers the return of Russia as an energy power. The world is a changing place and Russia has become an energy powerhouse with its abundant oil and gas resources. Yergin also covers the war in Iraq and the rise of China in this part. China's needs will eclipse our own as their economy continues to rapidly expand. The beauty of a book like this is that you are not only learning about the energy world, but the world in general. It is a fascinating journey as we find out about the emerging superpowers and whether or not America can continue to hold onto economic dominance in a rapidly changing world.
PART II - Securing the Supply
There's more than one reason why America spends close to $800 billion on defense spending. You have to keep the sea lanes safe for oil and energy transport. Without world trade, America would rapidly sink into a depression since international trade makes up 25% of our Gross Domestic product. In this section the author gives you a thorough survey of what it means to run out of energy including oil and natural gas.
PART III - The ELECTRIC Age
The book makes clear that we may be living in the post industrial age, or the information society, but in terms of energy we are still living in the OBSOLETE Fossil Age, and it has to change. The Electric age is coming to an end, and in this section Yergin tells us the pros and cons of what is coming. You are not getting theories from talking heads. This is the preeminent expert on oil and energy in the world today. Corporations and governments pay a fortune to consult with the author with regard to what he thinks is coming next.
PART IV - Climate and Carbon
Is there glacial change? Is the earth getting warmer? What is the effect of climate change on man's need for more energy? Where will it come from and can we afford it? Is the internal combustion engine now more than a century old reaching the end of its operational efficiency? Must we go another way? The average SUV weighs 5000 pounds and is being driven around town half the time by soccer moms driving alone? How much longer can we keep the whole process going, and is it changing right before our eyes?
PART V - New Energies
Yes, there are new sources of energy coming. We are going to see wind turbines everywhere, but there is also a 5th source of energy coming. Perhaps it is already here and that is EFFICIENCY. We must get more out of the energy we already have. When Exxon moves oil crude from a pipeline to tanker there is less than one teaspoon of oil that is lost in the process. We must become more efficient as a society and as a world, and we must close the conservation gap, which we haven't even begun to tackle yet.
PART VI - Road to the Future
How interesting that in the last part of this book the author chooses to deal with what he calls carbohydrate man, and the great electric car experiment. Would you believe that only about 20% of the energy that comes out of the internal combustion engine is efficiently used in the running of a car. The rest comes out of the muffler into the air as heat and lost energy. With electric cars, the efficiency approaches 85%? Batteries are still too heavy however, and they do not last as long as they should. We haven't even discussed how costly they are to replace. Nevertheless, the electric car is in our future, and this book tells you the whole story.
CONCLUSION
You are going to love this book, all 700 plus pages of it. Nobody tells a more exciting story than Daniel Yergin. To win a Pulitzer Prize you must grip the reader's attention and never let go from beginning to end, and that is precisely what we have here. It is a non-fiction book that reads like a spy thriller and a reader can't expect more from a book, especially one on the topic of energy.
I urge you to read anything this man writes. It is rare that Yergin publishes and everything he says has power and relevance attached to it. My only reading wish is to find more books in the same class as "The Quest". Such books are rare unfortunately, and when you find them, we have to let our friends and other readers know. I thank you for reading this review.
Richard C. Stoyeck
57 of 70 people found the following review helpful.
Epic -
By Loyd Eskildson
The Quest" is an 804-page up-to-date sequel to energy-consultant Yergin's earlier best-selling, Pulitzer winning "The Prize." Topics covered include the Soviet Union's breakup, Japan's recent earthquake and tsunami, major mergers in the oil industry, Iraq War II, China's growth in energy demand, peak oil, a nuclear Iran, the 'Dutch disease, and how energy production and distribution is vulnerable to cyber warfare. Yergin also criticizes California's deregulation of electricity that created shortages, and Marion Hubbert for his 'peak-oil' theorizing.
A side benefit of "The Quest" is that it also provides important insights on related issues. For example, readers learn that the Arab oil embargo and 1973 October War helped sustain the Soviet Union via their associated quadrupling of oil prices - Russia's main source of hard currency. (Prior to the 1991 breakup of the Soviet Union, it was the world's #1 oil producer; it now has returned to that position.) At the time of the breakup they were having difficulty even feeding children in major cities - thus, the popular story that it was Reagan's defense buildup that broke their economic back (denied by Gorbachev) probably isn't true. Regardless, such heavy reliance on natural resources probably also 'infected' the Soviets then (Russia today) with the so-called 'Dutch disease' in which other economic areas remain weak and undeveloped. Yergin also illustrates how the Dutch disease infected Nigeria and Venezuela as well. Conversely, China had no such richness of natural resources, and that probably helped push it towards the broad range of competencies it has achieved. One also learns important details of how the Russian oligarchs came about, and the subsequent feuding of some with Putin that led to their downfall. Readers also learn that early users of solar photovoltaics were indoor marijuana growers trying to hide their heavy electricity use, and receive a short compendium of major mistakes made on both sides prior to and after initial Iraq War II combat.
The 'bad news' about Yergin's book is that it sometimes leaves out important and interesting details, and superficially treats global warming, energy efficiency, and renewable energy sources.
36 of 45 people found the following review helpful.
If not a masterpiece, then the definitive guide
By Busy Boxer
As an author, Daniel Yergin is best known for his authorship of The Prize, a Pulitzer Prize-winning tome on the origins and development of the international oil sector. In the energy industry, Yergin is also famous as the founder of Cambridge Energy Research Associates (CERA) -- a well-respected energy research consultancy now owned by IHS. For The Quest, Yergin has parlayed his skills as a writer/researcher and the access of an industry luminary into a sweeping and comprehensive guide to the energy world of yesterday, today and tomorrow.
The Quest is written in five sections. They cover oil, energy security, electricity, climate change, renewable energy and transportation -- particularly the electric car. Yergin couches the development of the industry in his distinctive voice and seduces the reader with piquant portraits of the personalities and turning points that have defined the energy world. For those that know Yergin as an "oil man," the passion with which he relates his history of the science, politics and policy of climate change may come as a surprise.
Indeed, no other author has demonstrated such an ability to vivify the topic of energy. Yergin has turned CERA, Washington DC, and the entire energy sector into his own personal data mine. His myriad interviews pepper The Quest with insider perspective of industrial consortiums, environmental NGOs, international oil companies, the US military, and numerous presidential administrations.
The graphics, maps and photo sections are also excellent and informative.
On the down side, Yergin is excessively polite in his treatment of oil companies, dictators and energy traders. He reliably shies away from naming and shaming environmental polluters, corporate raiders, authoritarians, and oil barons. The scope of the book means that these narratives come in the form of "mini histories" -- rather than a grand, sweeping, linear narrative.
Still, the Quest is a remarkable achievement. It is balanced, current, comprehensive and an excellent read.
Five stars.
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