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 globally. the implication of that is that by 2030, we'll have to have a 40% increase over today's energy provision in order to meet that new demand. the

. >> let's hear from lisa and sunil on this question of speed. and the signals, lisa, how do we get these right? >> well, i think that we need to figure out -- one of the issues is that jim's company, duke, is doing all this amazing stuff. but any other utility who may not be doing all this amazing stuff, who may be keeping their grandfather all plans online or whatever they're doing, they get the same perch. so we actually need to put incentives in place so that we does incentivize the bad stuff, the environmental effects, and we incentivize the good stuff. and those things need to be in place over the long-term so, you know, utilities, oil companies, all of them are thinking in 10 or 20 years time horizons. . . there will be costs but there needs to be this vision of where we want to go. and a willingness to let the market take us there if we can get those incentives in the right place. we need a long-term policy that is hard for policymakers to do. the long best people we have in office for the longest are in for six years. they're still think

and so sunil, you're investing in companies. you are moving things forward. arun, you've got hundreds of millions of dollars down on the betting table relative to project that you of an vested in the smartest groups around the country. we get all this going. what holds us back? >> the first two observations, and picking up on what jim said, and i think we're pretty much in sync together on this. the first as i commented on previously images of the future. we need better images that we can do, that the technologies, the behavior is available to us. so really helping the u.s., helping the global economy understand the huge opportunities before us, if we make those choices and allow that capital to be deployed. that's part one. part two, the roadmap. we absolutely do need a roadmap. we need a clear persistent increasing signal of what needs to be done to transform -- >> so the lack of a roadmap holds us back, and roadmap the folks from some of the notion of soviet state central planning. and so how do we get past that? >> if i may, michael. i'd like to pick up o

and so sunil, you're investing in companies. you are moving things forward. arun, you've got hundreds of millions of dollars down on the betting table relative to project that you of an vested in the smartest groups around the country. we get all this going. what holds us back? >> the first two observations, and picking up on what jim said, and i think we're pretty much in sync together on this. the first as i commented on previously images of the future. we need better images that we can do, that the technologies, the behavior is available to us. so really helping the u.s., helping the global economy understand the huge opportunities before us, if we make those choices and allow that capital to be deployed. that's part one. part two, the roadmap. we absolutely do need a roadmap. we need a clear persistent increasing signal of what needs to be done to transform -- >> so the lack of a roadmap holds us back, and roadmap the folks from some of the notion of soviet state central planning. and so how do we get past that? >> if i may, michael. i'd like to pick up o

i will start with sunil paul who has a fantastic ideas. >> thank you. i and the founder of an organization. -- i am the founder of an organization that encourages a scale thinking. fide job is the founding -- my day job is the founding partner of spring ventures. i think the most important thing, there are a lot of new ideas out there being able to convert aualgae into fuels. they are break through new ideas. what is necessary almost as much of those technologies is a realization of what it means to be secure -- energy secure. a useful analogy is one put out by an article. it uses the analogy of salt. it used to be strategic economy. wars were fought over it. war was fundamental to energy. the reason why today assault is the strategic commodity is that we do not care who has the power over salt trade. we do not fight wars over it. it is not because a substitute was found. it was not because we mine more in the united states. it is because we discovered an alternative to that energy preservation. salt was used to preserve food. and now we have other ways

. >> so sunil, to sort of pin it down, you're using the salt analogy, we have -- absolutely have to have more alternatives to break this focus on these single simplistic ways of viewing our systems and so we need to, in a sense, embrace complexity, which is something that is difficult to do sometimes. >> yeah. that's right. and we need to have, you know, right now, when you produce electricity, there are a number of different ways of doing it. coal, natural gas, hydroelectric, nuclear, etc. when you want to move a car, you want to move a truck, you want to move a tank, an arm, there's only one way to do it. get stuff out of the ground. >> ok. >> gary, i'm going to turn to you next, and your focus on particularly with your experience, having run bp asia the last more than a decade, sort of what's going on globally and what that all means for us, and how there are solutions or revolutionary ideas that come at sort of changing the angle of our perspective. >> thank you, michael. g@ @ @ @ @ @ k),@ @ @ @ @ @ @ comment on where it's going and, in particular, the security of the system. you mig

the venus 10 grandchildren forefront of his old friend charles sumner and then his brother-in-law sunil gridley howe had left him shaken. although julia in sam's friends urged him to slow down, the truth was that she couldn't retired. sam was famous, but he was not rich. he events well, very well indeed, but on other men's money. of personal savings, sam had none. he worked hard, but when it came to be in providence, sam is the grasshopper, fiddling or his case any money on presents for family and friends for the more sober and for the lobby mast small fortunes. and just as it had many times before, sam's fortune changed dramatically. in 1878, out of the blue, a very, very wealthy californian, james keane showed up on the east coast to return the favor. yet been a teenager barely off the boat from ireland in the california gold fields when sam had found him down on us his luck and desperately illume the 1850's. said save henderson to back to health and keane never forgot his kindness. you've been inflating or roadside within the mind of the type that come to his work is good sam error 1

who is sunil surana?> she was a business analyst at that time reporting to my boss. >> here is what she wrote. this is in 24a. she is writing to you. "could share by discounting dropped to 94% by volume is 97%. that is lower than the 97 +% in lower courts. any reason for concern? our issue is being more selective to control costs? is it cheaper or is it an aberration? what was your answer to that? >> we were expected to know why we were not on deals that we were not on. it could have been about credit enhancement or other relationship issues. >> market share mattered. isn't that what that email says? >> we were expected to know what the story was part of a past that onto my directors to find out. i am sure there was a list of transactions and a one to let them let me know what was happening. there's no pressure to rate there's no pressure to rate those transaction

who is sunil surana?> she was a business analyst at that time reporting to my boss. >> here is what she wrote. this is in 24a. she is writing to you. "could share by discounting dropped to 94% by volume is 97%. that is lower than the 97 +% in lower courts. any reason for concern? our issue is being more selective to control costs? is it cheaper or is it an aberration? what was your answer to that? >> we were expected to know why we were not on deals that we were not on. it could have been about credit enhancement or other relationship issues. >> market share mattered. isn't that what that email says? >> we were expected to know what the story was part of a past that onto my directors to find out. i am sure there was a list of transactions and a one to let them let me know what was happening. there's no pressure to rate those transactions. there was no punishment for not being on those transactions. we're just expected to know why. >> so market share mattered. in a nutshell. >> for various reasons >> to va

to take a step back and look at this from a global perspective and build on some of the things that sunilith a quote that i find compelling that came out of the international energy agency's world energy outlook in 2008. this says that the world energy system is at a crossroads. current global trends in energy supply and consumption are patently unsustainable. environmentally, economically, and socially. this is from an agency whose goal is to look at the world's anergy -- energy perspective and comment on where it is going and the security of the system. you might ask yourself why would a group like this say something so provocative. the way to understand it is to begin by looking at what this forecast actually says. they have updated this and in that forecast, primary energy demand growth rose by about 1.5% per year, globally. the implication of that is by 2013, we will have to have it 40% increase over today's energy provision in order to meet that new demand. the bulk of that demand is going to come in developing asia and middle east. the international energy agency projects it will c