00:00The transformation of the human condition, from most everyone living in poverty, to an incredible world we live in today.
00:08That was made possible by a lot of things, American might, American values, American commitment, but all of it was
00:14impossible without energy.
00:17Massive increases in production of energy in the United States and around the world enabled this transformation of human opportunity
00:26and human freedom.
00:28In the United States, we have continued that pathway forward.
00:33But I want to point out a couple of contrasts.
00:37Sixteen years ago, the economy of the United States was roughly the same as the European Union.
00:45They had more people, we had higher per capita income, we both represented 25% of global consumption.
00:53Today, the United States is 28% of global consumption, and the European Union is 18%.
01:01Our economy is more than 50% bigger, 75% of higher per capita income.
01:08Now, kalo employment, and respectfully, our economy develops faster and or the European Union.
01:08Now, the American economy would like to go up positive and go up.
01:09Now, America needs to be increased and more than 25%.
01:09We can also reach the capital of the United States in Africa and dieον dell' history.
01:09We can also reach the capital of the United States, which is жест- материалы and the European Union.
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