CNN New Day December 19, 2014 11:52:00
They consume energy, they still use a lot of dirty coal. they have a tremendous amount of factory consumption. they're at a different stage in their development where they're very energy-intensive. a lot of dirty fuels being used there still. >> comparatively, it's low here, $55 a gallon. but we look at this. what was that, 2009? >> $148 in 2008 and the financial crisis, global markets fell off the cliff. demand goes down and that's why you see the plummet. >> not quite to that level? >> no. i think we're starting to stabilize, you saw it in the last couple of days, another reason that markets...
Source: archive.org