Daniel Yergin

In the United States, you know, one difference between this and previous energy crises, the famous energy crises of the past I've written about in the prize and the new map and so forth, is the position of the United States so dramatically changed.

And that has been a huge buffer for consumers in this country and for the economy.

Well, it was.

Anyway, we had the president of Google, the president of Microsoft there.

We had people from NVIDIA, from other chip manufacturers.

It was a real change.

The focus was the tech industry meets the energy industry, and how do we get along?

And kind of this panic about, do we have enough electricity, particularly in the United States?

And I would have said it then that energy security had shifted from oil and gas to electricity.

Right.

But of course, with this crisis, it was backed up also was about oil and gas.

But that was, you know, the big discussion that ran through it and about particularly the role of natural gas.

Because on the one hand, the U.S.

has built up this big LNG industry, which is massive.

plays a much bigger role in our economy than people recognize.

I mean, our latest numbers are 75% of the value of all semiconductor exports is represented by LNG.

You know, twice the value of all Hollywood and television and entertainment exports.

But now natural gas is coming back into

It's already significant, but more significant for electric generation.

And what a change from the Biden administration, which wanted to have hydrocarbons out of electric generation by 2035.