please welcome daniel yergin. [cheering and applause] hey, mr. yergin.hanks so much for coming on. all right, sir, you're one of the most influential voices in the world of energy, and your new book is "the quest: energy security and the remaking of the modern world." okay. will we remake the modern world with new fuels or new forms because there's plenty of oil out there, isn't there? >> well, there is oil. we're not running out of oil. people talk about peak oil and say it's going to run out, but in fact we've run out of oil at least five times. the first time is the 1880s. now here we are in the 21st century. >> stephen: there's plenty of oil. why would we change the game? if it ain't broke, don't fix it. >> because what's happening in the rest of the world, one tends to just think about the united states. >> i do. >> i know you do, but you have the look beyond our borders. if you look at the country of china, that's where demand is really growing inch this country our demand for oil is actually going to go down because we have more efficient cars and

thank you so much, daniel yergin. the book is "the quest."e'll be right back. >> that's i" everybody. captioning sponsored by comedy central vo: it's old navy's storewide buy one get one 75% off! buy something! and get another something 75% off! sale ends sunday. so bo go before this deal is bo gone! it's buy one get one 75% off!

thank you so much, daniel yergin. the book is "the quest."right back. >> that's i" everybody. captioning sponsored by comedy central [ billy ] we discovered the original sporting sail in our grandfather's attic.

and my guest daniel yergin has a new book about the future of energy. i hope we fuel our factories by burning books. [laughter] the federal reserve wants to stimulate the economy. well then ben bernanke's going to have to show a little leg. this is "the colbert report." captioning sponsored by comedy central [theme music playing]

and my guest daniel yergin has a new book about the future of energy. i hope we fuel our factories by burning books. [laughter] the federal reserve wants to

invoke the ire of every parent ok yeah i did write that referred to have to move on i'm so sorry daniel yergin you next time that's a problem all right now that's ok speaking of eating at home or school you could have the option to go eat somewhere else instead of jail if you are punished for a crime in alabama you can go to church one alabama town is giving nonviolent offenders that option operation restore our community or rock begins next week bay when the city judge will be a misdemeanor offender of the choice go to jail and pay a fine or go to church every sunday for you. ok so if you go to church you have to check in every week and with the pastor and you know if you you show up every time your case will be dropped after your good deal or completely wrong to have the courts do this. i think it's really complicated i think in this particular area it's a big problem specifically because they don't have any mosques or temples for jewish but i mean it's obviously a christian thing go to church be better which i have an issue with i do however salute judges who are trying to find creative way