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Natural Resources committee  Can you hear me?

November 29th, 2012Committee meeting

Keisuke Sadamori

Natural Resources committee  I'm sorry. It's a somewhat difficult question because it's up to the U.S. government what they will do with respect to the current subsidy to renewable energy and various projects for sustainable energy use. Also, you are right that they will see an increase in the production of gas and oil, fossil fuels, so yes, there may be pressure for more use of fossil fuels instead of building up the renewable capacities.

November 29th, 2012Committee meeting

Keisuke Sadamori

Natural Resources committee  Thank you very much for your question. Last month we released the Medium-Term Oil Market Report, and in the report we have estimated the oil demand and supply structure in the coming six years, from 2011 to 2017. In this, we expect that we'll see substantial growth of oil demand.

November 29th, 2012Committee meeting

Keisuke Sadamori

Natural Resources committee  Yes, so that's the— [Inaudible—Editor]

November 29th, 2012Committee meeting

Keisuke Sadamori

Natural Resources committee  Thank you, Chairman, for giving us the opportunity to talk about natural gas, oil, energy efficiency, carbon capture and storage, and renewables. First let me focus on the natural gas. Canada has been exporting natural gas to its southern neighbour for decades, and until the end of the last decade, nobody expected that trend to change.

November 29th, 2012Committee meeting

Keisuke Sadamori