You go back 50 years ago, as he said, we got 83% of our energy from hydrocarbons. Today we get 83% of our energy from hydroCarbons. But over that 50 years, Oil's grown a little over 1% compound annual growth rate [over 50 years]. It's the most flexible, but the most expensive. Coal's grown 2% compound annual growth rate. It's much cheaper, but not still easy to transport, but not as flexible. (20:24–20:30)
CLAIM
Asserts that oil has grown at a little over 1% CAGR over 50 years.
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