The question for oil executives is whether you're in the oil business or the energy business.

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.

Ask yourself this simple question: Are Texas and Louisiana in the energy business or the oil business? If we're in the oil business, we're all going to go out of business eventually, but if we're in the energy business, these wind turbines will operate forever and furnish viable sources of energy.

[It is] what I consider, basically, an old, outdated, uneconomic, and highly dangerous technology.

inexorably tied to Persian Gulf oil and old energy.