Straight up until 1988. Just never minded if the wells were dads, which often they were. They could not figure out how to open the rock. Just believe in it. He was stubborn. The other thing is, you do not think of an oil man as being someone interested in sustainability, but 1970s, after he had enriched his mind starts to wander, interests change. He meets the midcentury futurist and becomes incredibly interested in Spaceship Earth and how we can survive with 5 billion people on the planet when we will have 7 billion. And this becomes his obsession. One of the largest contributors to a sciences, sustainability. But he never took that into Renewable Energy, just never believed in Renewable Energy. Probably a man of his time. When he lived Renewable Energy just was not ready for prime time yet. I would argue that he is now he sells off his company, discovers the shell, proves that it can be done, sells Office Company in about 2001. Right about the same time you have this young guy in Okl
Needed to import lots of natural gas because we were not going to be able to provide it all. A lot of cities along the gulf coast to import natural gas and air now all in the process of being flipped over. The next thing is exporting oil. The question back here. This is kind of a stupid question. Well, thank you. [laughter] peak oil, i forget the guys name. San antonio. He predicted. Thats right. Very good. Well, im fuzzy about it. But i recently talked to somebody in said anti told me to my no problem. That was not true because we have plenty now. And i said, no, i dont think so. You are going off to the side and moppingup what is left over. Hubbard had a simple prediction. He said that if you are looking at what the wells are doing and what is available were going to keep increasing producing oil in the United States command right about 197273 go into a long decline, and he was absolutely right until 2008. Then that started to reverse and we started to grow production. And all of the
Office. And the battle for their ancestors. Members of chinas we are muslims to protect the cemetery. That said to be honored by the cup you were spiced Preston Joe Biden is trying to keep a dispute in east asia from getting worse. He held a meeting in tokyo with Prime Minister shinzo law back where he shared ideas on how to deal with chinas newly declared air defense identification zone. To know that we confirm that japan and the United States will not tolerate chinas attempt to unilaterally change the status quo. We also agreed that our countries will continue to work closely together to deal with the matter based on the strong Japan Us Alliance the United States has an interest and Lauren Lauren intentions this vital region as i believe all the countries in north east asian share that same in touch with us. This underscores the need for Crisis Management mechanisms and effective channels of communication between china and japan to reduce the risk of escalation. Ill be raising these
Accelerately or with overtly or with indirect warfare, youre going to break things. And people dont like to be occupy toed by you. And they, you know, imagine if we had afghan troops walking down our streets. We, you know, wed resist. And so it kind of goes with the territory. In eisenhowers a case, they did a lot of they broke a lot of rules. The cia, people always think of the cia plot now long after the cia stopped doing those plots, everybody just assumes it was the cia. So that was a longterm harm x. Some of those plots were stupid and wrong. On the other hand, the western alliance and europe, the seventh fleet in the pacific have kept a kind of International Order to that has kept us from world war not little wars, but kept us from world war created a fairly free global trade zone and permitted the advance of democracy not everywhere by any means, but in many parts of the world. That is a great legacy. We have three minutes. I will take less than that for my question. Good. Can c
Extraction. Its also, fracking can be spelled with a c, its also the term is high volume hydraulic fracturing or hvhf which is really what were going to be talking to this afternoon. Next slide, please. So the thing thats important when were talking about fracking is that theres often a very important disconnect between what industry is saying and what is expected and understood in the popular press and the public. Of so when industry says there arent any accidents attributed to fracking, theyre talking about a very small portion of the shale gas extraction process. When the public and most journalists talk about fracking, theyre talking about the entire shale gas extraction process. So theres, its important to understand this distinction. Sometimes people are saying things that are technically true but are misleading in the context because of the disconnect between the language. Next slide. So this is what the shale gas extraction process looks like. And this is from a u. S. Epa study