"People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters"
About this Quote
The subtext is double-edged. On one hand, it’s awe at innovation: tools, materials science, sensors, robotics, and computing extend our reach in ways the public chronically fails to price in. On the other, it’s a quiet indictment of our demand curve. If the frontier keeps moving outward, it’s because we keep making it worth someone’s while to go there. “Underestimate” functions as both compliment and warning: don’t assume limits are stable, because markets, states, and engineers will conspire to blow past them.
Contextually, Yergin writes as an energy historian who treats oil and gas not as relics but as systems where technology, geopolitics, and economics co-evolve. The depth jump is a micro-history of late-20th-century energy: scarcity anxieties, price shocks, and strategic competition turned the seabed into an industrial zone. The sentence lands because it collapses decades of policy, capital, and ingenuity into one brutal, legible fact.
Quote Details
| Topic | Technology |
|---|---|
| Source | Help us find the source |
| Cite | Cite this Quote |
Citation Formats
APA Style (7th ed.)
Yergin, Daniel. (n.d.). People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters. FixQuotes. https://fixquotes.com/quotes/people-always-underestimate-the-impact-of-41529/
Chicago Style
Yergin, Daniel. "People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters." FixQuotes. Accessed February 3, 2026. https://fixquotes.com/quotes/people-always-underestimate-the-impact-of-41529/.
MLA Style (9th ed.)
"People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters." FixQuotes, https://fixquotes.com/quotes/people-always-underestimate-the-impact-of-41529/. Accessed 3 Feb. 2026.




