This would be hysterical if the situation wasn't so serious. I think Danny is worried we will celebrate a quadruple Yergin by the anniversary of the first Yergin Day.
Yergin Says Record Oil Prices Call for Multifaceted Response
By Margot Habiby and Thomas R. Keene
July 2 (Bloomberg) -- There's no single solution to high oil prices, and lawmakers need to take an ``ecumenical'' approach to drafting legislation and policy, according to Daniel Yergin, chairman of Cambridge Energy Research Associates.
bloomberg.com
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In a column in Forbes Magazine, published on 11/1/04, Daniel Yergin, in response to a question about the future direction of oil prices, dismissed concerns about oil supplies and asserted that oil prices on 11/1/05 would at $38 per barrel. Note that oil prices exceeded $60 in the summer of 2005, prior to the hurricanes.
In my opinion, Mr. Yergin serves as an excellent symbol of the major oil company/major oil exporter/energy analyst group. And since oil prices are now trading at close to $76 per barrel--twice Mr. Yergin's prediction--I hereby designate July 13, 2006 as "Daniel Yergin Day," in honor of Mr. Yergin's continued efforts to, in effect, persuade Americans to continue driving large debt financed vehicles, on long commutes to and from large mortgages.
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