Madam Speaker, China is a very interesting country. The last time I checked it was installing hydro units at the rate of 15,000 a year. China is the world's largest producer of hydraulic turbines. It builds good stuff, incidentally.
There is a pent up demand for energy in countries like China that far exceeds our ability to comprehend. We should be able to turn it to our advantage. Whether it is petroleum export or whatever, I do not see forms of energy competing against one another per se. As a matter of fact I see them complementing one another.
In terms of petroleum I would suggest that Sheikh Yamani was right. The commodity itself is probably too precious to combust. We can look at the clean air targets. The business of
coal combustion, for instance, is something we are probably shying away from because it is a direct contributor to greenhouse gas.