Noel King

Let's say let's say oil prices six months from now are, you know, back where they were back at their original prices.

You think this keeps going?

Well, we should note in the short term, other things have also happened.

So in the short term, we have seen countries at least signal that they will use more coal if they have domestic coal available.

And so countries like India and China, which are big coal consumers, will likely consume more coal.

But the long term is where you have to start to look at the signals that governments are sending because the policies that they set is where the energy future ends up.

And we are already seeing some really interesting examples come through.

So one that I've been reporting on is in the Philippines.

Almost immediately after the war started, within a week or two, the government announced a series of interventions.

So the country was on plan to build a bunch of solar panels and utility scale around the country.

And they announced that they're going to accelerate that and try and build all of those by the end of April.

The state pension fund came out with a loan program for anybody who wants to install rooftop solar panels.

And of course, they also signal that, hey, coal power plants, if you have to burn more coal to be able to meet the demand because we can't get expensive gas, then please burn more coal.

And of course, a lot of the clean energy technologies are going to be supplied from China.

Okay.

So you know that in the U.S.

we have experienced some push and pull on renewable energy in the last, I don't know, five, ten years, right?

The Biden administration was in office.

Electric vehicles, solar, wind, batteries.

We understood this to be the future.