DistributionNotFound

# I ran >> bugjar in my terminal and received the message below. I thought I had successfully installed bugjar.
# Need help making sense of this Traceback. Thanks **/

Traceback (most recent call last):
File "/usr/local/bin/bugjar", line 5, in
from pkg_resources import load_entry_point
File "/System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python/pkg_resources.py", line 2603, in
working_set.require(**requires**)
File "/System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python/pkg_resources.py", line 666, in require
needed = self.resolve(parse_requirements(requirements))
File "/System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python/pkg_resources.py", line 565, in resolve
raise DistributionNotFound(req) # XXX put more info here
pkg_resources.DistributionNotFound: Pygments>=1.5
ramirotrejosmbp:Project1 ramirotrejo$ bugjar main.py arg1 arg2
Traceback (most recent call last):
File "/usr/local/bin/bugjar", line 5, in
from pkg_resources import load_entry_point
File "/System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python/pkg_resources.py", line 2603, in
working_set.require(**requires**)
File "/System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python/pkg_resources.py", line 666, in require
needed = self.resolve(parse_requirements(requirements))
File "/System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python/pkg_resources.py", line 565, in resolve
raise DistributionNotFound(req) # XXX put more info here
pkg_resources.DistributionNotFound: Pygments>=1.5