Energy Is the Base Load

We're talking about taking down big chunks of European steel production, copper production. It's going to create this enormous bid for the chemicals production that exists outside of Europe because there won't be enough capacity globally. That chemical production will be able to outbid everybody else for gas, including the Europeans. And so it's going to happen to gas. Its energies, the energy is the base load. I think we're in the early days of people remembering for the last 40, 50 years we've been in the really since World War II, but in the last 50 years, this world where people's wealth is somebody else's debt.