[BLANK_AUDIO] So let's just talk a little bit here to conclude this video about what is moving this sector, the the natural gas sector in particular. A lot of these things were, are very similar to what we discussed in the case of oil. We have, significant population growth and increasing income tending to increase demand for all kinds of things including things that consume natural, like we want more electricity and we want, you know, all kinds of, of new thing that increase demand for natural gas. There's also as we, we saw, a very high prices in Asia for gas, so increased demand for liquified natural gas which is the thing that can be transported to a significant degree over international boundaries. The the environmental concerns with coal mean that it's a lot easier to go through the permitting process associated with developing new gas fired generation and so we're seeing coal, coal fired generation capacity being retired and in many cases, replaced by gas fired generation. There's a sense in which gas is much more complementary with a move towards renewables, because it is probably the cleanest end of the spectrum of nonrenewable fuels. And then, you know there are there is this you know maybe a political motivation to increase energy and independence here in the US. And of course technological innovation has just opened up so many opportunities to to profitably explore for and, and extract natural gas from unconventional places. The factors that would discourage investment in this, in this sector you know, low price for natural gas that to some extent is derivative or an artifact of, of the fact that it's just become so cost effective to develop it. So, you know, that's certainly pushing back on, on some of the on some of the growth that's been motivated by these other factors we talked about. But it is in a sense derivative of its, it's a consequence of these growth factors. Energy efficiency and you know, moving you know, basically advanced economy just using less energy in general is also reducing demand for all kinds of energy across the board. Improvements in technologies for renewables is, is going to be competitive with natural gas, certainly if natural gas if it comes in to sufficiently high demand to drive up the price a bit. And there are some, concerns with, climate implications of use of natural gas because, natural gas still is a greenhouse gas emitting approach to generating electricity. And then lastly, as I mentioned in that discussion about, about political pushback on fracking there is this resistance, you know, in, in some, in significant respects, very legitimate resistance to this technology because of what it means for the proximity of this industrial activity to either people's places of work, their children's school, or the basically the biggest asset they own, which is their, their homes and their property. So these, these things are sort of, the kinds of things that are probably big challenges, you know, I, I think right now in this sector, the, this political resistance to these unconventionals is really probably one of the most significant, significant headwinds that the sector is facing. [BLANK_AUDIO] And then lastly, I just wanted to conclude by sharing the employment outlook slide. But this is identical to the oil industry employment outlook because the BLS does not separate out the BLS does not separate out natural gas. Did that for the purposes of really highlighting the, the implications of innovations and shale gas development. So pretty much the, you know, all of the, the key, the key the key occupations here that you, that I talked about when it came to oil, the same types of folks, I'm just circling some of the less obvious ones to a lot of, a lot of people that they're the same types of occupations that are being employed in the natural gas, in, in the in the value stream for producing and delivering natural gas. [BLANK_AUDIO]
