Such a great visualization.

The oil consumption density in the US, Canada, Australia, and South Korea is eye catching.

You're right that it's a delicate optimization game around the environmental and economic parameters involved.

California right now is near a worst case, having paid for some fraction of solar generation that it can't use.

Transmission and storage investment will increase the ROI on the whole.

It’s not that too much solar generation exists. It’s that too little storage and transmission exists.

South Australia is showing it’s indeed possibly to build a reliable grid dominated by variable renewable generation.

It’s a bit of a delicate dance, but it’s absolutely achievable.

I believe this is right. The extent to which upstream is investable today hinges on how robust the dividend payments and share repurchases are.

If you choke off the ability of upstream entities to fuel these cash transfers, investors walk.

We’re already not spending on exploration.

Great question. I don't think federal policy, regulatory or otherwise, has been meaningfully suppressing oil & gas production in the US.

We may get some production uplift at the margin, but I don't expect it to have huge commodity price impact.

Just my $0.02.

My pleasure. Keep up the great work over there.

I've written it to Chris privately before, but I might as well say it publicly too.

The $60 for The Energy Transition Show is one of the best energy-focused investments I've ever made.

Some episodes I can absorb as is. Others I have to research to fully grasp.

An absolute blast.