in his monumental book "commanding heights," harvard's daniel yergin describes the late '40s, '50s and early '60s as a period in which a collectivist's faith in government dominated the world. britain had gone socialist and was busy nationalizing its industry. sweden had already done it. country after country was developing five and ten-year plans under which the state would direct the economy. history seemed not just to be on the side of collectivism and socialism but of communism. one has to remember or realize that when whitaker chambers abandoned the communists and penned "witness," he was convinced that he was leaving the winning or the losing side. in this country, establishment intellectuals like lionel trilling dismissed the very idea of an american's conservative tradition as silly at best and pathological at worst, and even today, some psychologists view conservatism in much the same light. this was the 1955 world that young bill buckley set out to challenge and perhaps to change. the words of buckley's mission statement that appeared in his new magazine's maiden issue in nov

now it is interviews up next and our business presenter dmitry medvedev go interviews daniel yergin a pulitzer prize winning author and economic researcher on iran's ability to export oil and how we will be affected by impending sanctions. on the first of july europe will seize importing oil from iran and new u.s. sanctions will also come into place now to talk about how this will affect the energy market i'm now joined by daniel yergin he is the chairman of i.h.s. cera also author of the quest and pulitzer prize going to daniel it's a big pleasure to have you on the thank you so right now what we're seeing on the energy market is a downward trend although over the years of the economic turmoil two thousand and eight two thousand and nine and the following years we have seen oil prices pretty high what do you make of the downward trend today it's quite remarkable because just three months ago all was almost one hundred thirty dollars a barrel and people said it was going to go to one hundred fifty and now it's been on this downward trend that has in a sense taken people by surprise an

come into place now to talk about how this will affect the energy market i'm now joined by daniel yergin he is the chairman of i.h.s. there and also author of the quest and pulitzer prize winner daniel it's a big pleasure to have you on the thank you so right now what we're seeing on the energy market is a downward trend although over the years of the economic turmoil two thousand and eight two thousand and nine and the following years we have seen oil prices pretty high what do you make of the downward trend today it's quite remarkable because just three months ago or oil was almost one hundred thirty dollars a barrel and people said it was going to go to one hundred fifty and now it's been on this downward trend that has in a sense taken people by surprise and i think what it reflects is the reality of supply and demand in the market how it's changed and also what is really quite remarkable a try and of relaxation almost or a calm about these very powerful sanctions that go into place on a rainy and oil because i think right now the kind of sense in the market is that there is alternat

i'm not drawing any kind of an analogy in a sense, but as yergin points out, successful political movements begin with ideas. they then become successful, and people rush in and the ideas begin to get diluted and they become about other things, they become about power and jobs and success. when i was a young conservative, if you were graduating from the citadel, you did not join up with us because it was the road to success. it was the road to oblivion. so if you joined, you joined because you believed. and you wanted to believe. by 1985, you joined because you might get a job in washington or you might get this or you might get that. that's a whole different thing. now, you need those people to be successful, but as your numbers grow, you have to make sure that as many as possible are socialized into the beliefs that motivated it in the first place. that's what i was really talking about. i've been preaching this for some time is what conservatives now have to do is go back and re-create that core. re-create the people who get it. and then the rest of the folks are people that you welcome

i wanted to essentially take the prize, did book by dan yergin, that inspired me a long time ago in a gated. i sort of thought of it is a great work of nonfiction about the era of oil that was the correct expansion and discovery. what i want to do is write a book about global oil in the era of the limits and constraints and climates and the rest of it is so i started out on that kind of open framework that does six, eight minutes into the research and patch myself, i need this subject here. i need a company. once i came to that conclusion, then for an america not in it that exxonmobil was the only choice. i realized that i was getting into when they're forced upon me in my thinking is the subject because i didn't know how close they were an difficult to report on. i also didn't understand that much about their distinctive internal culture. a lot of the three and a half years that remain were about discovering what exxonmobil really was. >> host: during the course of this are fighting comment tp deepwater to writing. to that iran company? >> guest: i have mixed feelings. i choked, ther

joining success dan yergin author of "the quest." thank you for joining us. >> thank you.nd in the u.s., the last time we had a presidential campaign we were going to run out of energy. now we have a surplus of natural gas, oil production is up 25% since 2008 and i think what we see in this country is a refocusing on energy in terms of job creation and economic development. >> and tell us how we got to this position, where we have so much natural gas. >> it's basically a combination of a technological breakthrough that unfolded over a quarter century in terms of shale gas, combined with high prices a few years ago, which provided a tremendous incentive, and people started with trial and error, and it turned out that once it got going, the volumes got large, much larger -- >> is this the american phenomenon? >> well it's in canada. the chinese are very interested in it. they're learning about it. they have a resource -- >> but who made it happen? >> it was entrepreneurs and independents in the united states. >> to wit, steve liesman, we were talking -- >> no -- did you hear