That is being argued or debated that actually data centers can actually reduce your power bill.

And that's the argument they make on the transmission piece.

Now, what the critics would say is, okay, but there are these other pieces of your bill.

There's the energy piece, which is essentially, you know, we have a free market for power that you discussed.

And the generators and consumers respond to price signals and then the market increases.

clears at a certain point.

And if you have more demand, that should raise the price all things equal.

But is that sustainable in the context of all the other water uses that are already there? And is there someone looking at this holistically? That's a question that stakeholders have.

What, what do you see?

Yeah, definitely.

Wanted to, to take a bit of a look at, at some of the bigger picture impacts.

A lot of the focus in the last several weeks has rightfully been on, on the Iran conflict and the impacts on kind of the petroleum market, you know, oil and gas.

But wanted to look at what impacts there's been on, on sort of the energy transition and other, other systems and how countries around the world are really thinking about their energy mix going forward.

But before diving into the changes, I think it's helpful to look at what was going on kind of right before the conflict, and fortunately, you guys had, uh, the February 3rd podcast, where we kind of talked about the energy transition and sort of a reminder of, of some of the facts that, that came out of that, just to set the tone.

In 2025, energy transition spending was at a record $2.3 trillion, so still increasing year over year, very significant amounts of spending.

What are the areas where we're gonna see the most adoption?

Marcus, you kind of mentioned a little bit, but just quickly, how much crude oil do we send them and how much do they produce?

Sure, yeah.

So I mentioned before, we send a little over 4 million barrels.

So that's a little over 1 million barrel of light oil and NGLs, and then over 3 million barrels of heavy oil, which is largely coming from our oil sands.

That is their biggest import share.

So we're around 60% of US imports of crude oil.

They import from some other countries as well.

And even on the heavy oil refineries, you know, if Canadian oil is suddenly, you know, in the range of $15 of additional cost, could they start to substitute some domestic light crude into those heavy oil refineries?