Dan Yergin, the vice-chairman of S&P Global and author of the Pulitzer Prize–winning The Prize: The Epic Quest for Oil, Money, and Power, published in 1990, is the world’s leading expert on the oil markets—a scholar and financial wizard who has also memorialized his thoughts on this vast and consequential topic more recently, in The Quest, from 2011, and The New Map, from 2020. Fortunately, he’s also my neighbor. For the past few years, since shortly after I joined Puck as a partner, we’ve had annual conversations regarding his perspectives on the modern energy markets. This year, of course, our chat was particularly timely.