recently i m with aramco c.e.o., khal al-falih, in sai arabia. and began by asking him whher world-wi demand for oil these days iup or down. >> oil demand continues to be ry sluggish ithe west, north america an europ we see an uptick in china, but not significant tooffset demand loss that we saw with economic and financial crisis the last year or so. it will take time to makup for miions of barrels of demand that we experien, but timately will come. >> susie: one of the biggest worriefor american consumers and erican businesses is th the world isoing to r out of oil. wh is your responseo that? the world has 9-10 triion barrels of oi conventional and unconventional, that need tbe --hat are available for science and technolog and industry and global society to exploit in a responsible way ov a long period of time. >> susie: the fear is discoveries are not gog to keep up with production. it's just a matter of time tt the supplies are just going to -- >> if we only look at history. if we look at history, the indust has been able to replace all of the

recently iet with aramco c.e.o., khid al-falih, in udi arabia. and began by asking him ether world-de demand for oil these dayss up or down. >> oil demand continues to very sluggishn the west, north america d eure. we see an uptick in china, but not significant to offset demand loss that we saw with economic and financia crisis the last year or so. it will take time t me up for llions of barrels of demand that we experice, but ultimatelyit will come. >> susie: one of the biggest worries foamerican consumers and ameran businesses is that the world is goi to run out of oil. what i your response to that? >> t world h9-10 trillio barrels of oil, nventional and conventional, that need to be -- tha are available for sciencend technology and industry and glob society to exploit in a responsible way er a long period of time. >> susie: the fear is discoveries are not going to keep up with oduction. it's just a matterf time that the splies are just going to -- >> if we only look at history. if we lk at istory, the industry h been able to place all of the o