Thank you very much.
The IEA in its “World Energy Outlook 2022 ” would completely agree with you on the point that demand reduction has to proceed faster than reductions in supply. If you don't do that, you will have higher prices. It's obviously a serious problem at the moment across western economies.
The other point the IEA is very clear on is that the energy transition is regressive in terms of productivity. You need 25 million more people. You need $16.5 trillion more in capital.
I hear a lot about winning races and so forth and Europe. Europe is not an economy you want to emulate. I would give that very strong advice. That's the other point I'd make.