Daniel Yergin

major companies say, well, we do better.

Basically we do molecules, we don't do electrons.

And that's where the difference is.

The European companies say we can do all of it.

The Europeans say we can do all of it.

The American companies say, well, you know, we have no comparative advantage in electrons, but there's a lot of interest in hydrogen because that's another molecule.

and the degree of hydrogen can substitute for natural gas, for instance.

And that's where a lot of investment, but it's very early.

And, you know, again, sometimes people forget about the energy business.

Its scale is so big as, you know, what the requirements are.

Yeah, I mean, it used to be a much bigger share of the stock market.

You know, Dow Jones, it's also a smaller share.

That's right.

It's still the strategic commodity, but there are a lot of other things that go into it.

Now, if you look at what the Department of Commerce uses, there are different categories of jobs.

Altogether, they'll say that there are about 12 million people in the United States whose jobs are connected to the oil and gas industry.

Yes, I mean, I think you would know, and you know, the podcast you've done,

how AI is really going to change everything, which is kind of the expectation now that it's going to change everything, including energy.

And then you have $6 billion of venture capital money has gone into fusion.

So there's a lot there that can change.