Daniel Yergin

Will people feel as confident about it?

You know, in Southeast Asia, gone back to coal, or will they push in other directions, renewables?

But I think still we expect, you know, roughly that by 2040, the LNG market could be 50% bigger than it is.

But of course, that market has to be there and it has to be at a price that people are willing to pay and competent.

And it also means, I think, countries, and this is a question, there are a lot of Europeans at CERA week who were there about tying up US LNG supplies long term and wanting to have those supplies.

But, you know, there's always the question of, you know, wanting to be sure that the U.S.

is a reliable provider.

And you're not going to see something like the Biden administration where they put a freeze on LNG.

But U.S.

LNG is by far the largest supplier now and with part of gutter really damaged, at least for a few years out of it will be even more reliance on U.S.

LNG.

You never want to say anything is for sure forever because things really do change.

And even I think tracing your remarks at the beginning about how the world looked in 2019 and here seven years later, the world looks very different.

So many changes could happen.

I think there's been the general view and there was a debate really at SEER Week among the CEOs about shale, that question.

Some saying, well, it's plateaued or going to plateau pretty soon.

Now it's plateauing at a very high number.

I mean, almost 14 million barrels a day and maybe going a little higher than that.

Others say, no, technology is going to unlock.

The recovery rate is now like 7%.