We don't have that much influence over Chinese oil interests. We're watching. That's about all we can do.
The number of gasoline- electric hybrid engines is growing but is still a very small share of the auto market and has limited impact.
It is hard to find any reason to be sympathetic toward the oil companies today, but that doesn't make them evil.
They want independence from Russia but they can't have it fully since they have other pipelines running through the country. But it's not a negative step for Kazakhstan.
Any time a country threatens to cut off oil supplies, the people in New York say, 'Golly, that'll happen,' and the price of oil goes up. They have a little leverage with their oil production. But if you cut off oil exports, you cut off your foreign exchange earnings.
They have no magic wand. They can talk about conservation and about driving less. But in the end it's about the individual consumer.