[It is] what I consider, basically, an old, outdated, uneconomic, and highly dangerous technology. |
Already, China's world-leading solar industry provides water heating for 35 million buildings, and India's pioneering use of rainwater harvesting brings clean water to tens of thousands of homes. |
My bet is that China is indisputably number one in renewable energy within five years. They now have key state sponsored support and one advantage of a centralized economy is that these massive projects can be put into effect very quickly. |
Rising demand for energy, food and raw materials by 2.5 billion Chinese and Indians is already having ripple effects worldwide. |
The question for oil executives is whether you're in the oil business or the energy business. |