Daniel Yergin

Oh, but it's also about competing with China.

I'd have to think about it.

I mean, it's happening fast, but, you know, as I say, these guys started the solar business in 1973.

It's now taken off.

It's also interesting that what really gave the boost to the solar industry is German feed-in tariffs, which provided the incentive for the Chinese to dominate, to develop, because they dominate the business.

But I don't know, you know, solar, I mean, right now, wind is about 10% of US electricity, solar is about three and a half percent, but solar is gonna grow, it certainly will grow very fast.

You do see,

And I just heard this when I was at this utility commissioners conference, real tension between states and localities where the states want to push it, but localities don't want solar or don't want wind.

Well, they just had a thing where one of the blades off one of the big wind turbines ended up, fell off and washed up on the beach and has now created, you know, it's really huge and consternation and suddenly reopened the discussion.

But you need supply chains and wind and solar are different, of course.

I mean, if you want to start a new offshore wind project in the United States, you can order your cables, but you won't get them until 2029 or 2030 because there are the supply chain issues.

Solar is different, but of course, solar is so dominated by China.

There's a difference among some companies.

Some companies say yes, and they look at offshore wind and say, well, we're in the offshore oil business.

We can do offshore wind.

And you see that in Europe where Equinor, which is the Norwegian company, or BP or Shell or Total are, you know, big in offshore wind.

And they say we have skills in that.

Solar is a little different.

Exxon is now going into mining lithium, thinking that they can use skills that they use for that.

But the U.S.