and as michael said, i spent the last 14 years in asia as president 6 b.p. china and president of b.p. asia pacific. i'd like to take a step back then and look at this from a global perspective and build on some of the things sunil already said and i'd like to start with a quote that i find very compelling that actually came out of the international energy agency's world energy outlook in 2008 and this quote says the world's energy system is at a crossroads. current global trends in energy supply and consumption are patently unsustainable. and environmentally economically forced socially. this is from an agency whose role is to look at the world's energy perspective and comment on where it's going and in particular the security of the system. you might ask yourself why would a group like this say something so provocative? and i think the way to understand it is to begin by looking at well, what does the forecast actually say? they've updated this, the 2009 when it came out recently, and in that forecast, primary energy demand growth grows by about 1.5% per year gl

china a number of different times. and i had a great time over the 14 years that i was there, b.p. spent $5 billion putting steel on the ground and it was great fun. there are some real strengths that china has. i wouldn't advocate that we take their system, but they have some real strengths. and one of them is china time and the other is china cost. there's an enormous opportunity for us to cooperate with them. there is a place in the north central part of china called ordos. and the future of the world's energy system is playing out there right now. and the reason i say it's playing out there right now is partly for the reasons jim has mentioned. the chinese are able to connect r&d with commercialization and they're really good at doing