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Agency so mr.
Tanaka the data here in America shows that demand continues to fall and supply and utilization also continue to fall.
-- will that stop at what point at least for America still the world's biggest oil consumer.
Will we see an end to the demand drop.
Well privileges we have to wage that recovery of economy because that's when.
So we have to wait for big stimulus package is working or up more for can I -- crisis is is coming to the end.
So we'll have to wait full of these actions by the government to stimulating -- economy.
But by the way to stimulate the economy we want to see it must sustainable way so Kai -- -- go.
Green energy did you deal -- -- -- investment should go into that sustainable.
OK -- energy efficient seaside are more energy infrastructure the cream runs.
We have to spend our money.
Cleverly then we we can shut despite -- short time stimulation of the red -- the long term sustainability.
-- it's not -- we still however is no world drive cars given by internal combustion engines so in terms of just crude oil.
In this moral where does it make sense to explore.
With oil below that fifty dollars a barrel where are you saying actually projects moving ahead.
True in many old all -- Mideast country Middle -- countries that cost -- production is much cheaper than the current level.
Places available thanks -- The the project.
Yield looks Obama thing that that the future capacity.
The program means that that where we see.
Okay it when we have driving cut when we see too much focus in just think for a view we cannot steer the cup -- through -- -- that we have to.
Think about that and that just -- kind of situation we have to look for the future because.
What we have experienced DC had these very volatile and very high prices go down now barely even old.
This happens because of the shortage of investment in 1990s when the price was very -- We learned our lesson so we should not we've -- on -- -- but again.
-- there's no doubt that the United States will move toward more alternative energy especially now with the congress the president that we have.
That's a good news environmentally for the long term but for emerging market economies sub saharan Africa many parts of southeast Asia.
Whose economies are a little -- Brad trial and may not have the money to invest in the more expensive energies.
Wolf they pick up the additional.
That we -- You know if we moved -- natural gas cars for example will the demand destruction here be simply replaced.
By the growth of emerging markets which have.
Have to use oil not because they necessarily want to but because it still is the most plentiful -- least expensive alternative.
That's correct about it is true that it took time Jane DO of these major Konami did -- in -- -- -- I'll -- spending quite a big amount of money for -- -- -- Consumption but they have to consume much more efficient -- the same thing and a very high price is -- CEO or in the future also we -- -- predict much high.
Prices -- 2030.
-- -- factories senior aides that efficient use of energy because -- -- is quite limited resources.
So to -- the economic growth in these countries.
They have to change their economy structure it's no more efficient run well there are not lifestyle should be very much -- -- -- and they should not copy that America model a Japanese and photos about Europe become what do they have to be much more efficient that's the way to around their economy growth.
Mobile Tanaka executive director of the International Energy Agency mr.
Thank you very much for joining us here on Fox Business have a great night.
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