As the U.S. drilling boom helps drive global crude prices to two-year lows, the Obama administration has awarded the country’s first medal for energy security to oil historian and business founder Daniel Yergin. Yergin, 67, received the Schlesinger Medal for Energy Security from Energy Secretary Ernest Moniz in a ceremony on Wednesday. The annual award is named after James Schlesinger, who in 1977 became the first U.S. energy secretary. Yergin advised Schlesinger as the country went through an oil price shock resulting from the Iranian revolution. Since then he has given advice to every administration, including President Barack Obama’s. Yergin co-founded Cambridge Energy Research Associates in 1982, a consulting company later bought by IHS, which now has 650 global energy researchers. His books on the history of energy include “The Prize” and “The Quest.” “Energy to me combines everything from geopolitics and how nations […]

Posted in: USA