Casey Handmer

And synthetic fuels have been around for 100 years.

There are projects in China right now working on synthetic fuels.

It would not surprise me if they were thinking pretty seriously about this.

This technology levels the playing field.

It levels the playing field a lot.

But at the end of the day, China still contains the poorest Chinese people anywhere on Earth.

Never underestimate the capacity for an autocratic dictatorship to shoot itself in the foot.

Like the Indian middle class is larger than the U.S.

middle class.

Yeah.

No, I'm saying don't underestimate it, but at the same time, we want to find the truth here, right?

Right.

And the truth is we should not count the United States out of the battle and just give up.

We're very much still in the race now, provided we don't take extra effort to shoot ourselves in the foot.

It would be asymmetrical.

It would hurt them worse than us.

Yeah, well, China obviously depends upon like the US export market for its economic dynamism, right?

And the United States, it's going to hurt both parties to like sever that link.

But if you sever the link completely, China's ability to make advanced chips right now is like basically not there, whereas the United States can make them.

And United States' ability to make solar arrays is embryonic, but it's actually not that far behind China's, right?