Exactly. So you know, in a world of economic growth, it's going to continue to grow. If you look at the last 50 years, Demand for oil grew about 1% compound annual growth rate. Coal grew 2%, natural gas grew 3% [over the last 50 years]. Oil is the most expensive, but it's the most flexible. So if you can displace it into something else, you know, people are going to. Innovators are going to do that. (43:55–44:04)
CLAIM
Asserts historical growth rates for oil, coal, and natural gas demand over the last 50 years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
