He cites experience in Europe, where generous German and Spanish subsidies for renewable energy were hastily clipped once it became apparent how popular (and therefore costly) they were.
And whether that's increasing oil and gas production, increasing investments and sustaining investments in alternative energy, the need to highlight this I think is apparent in this time when we are facing high gas prices at the pump.
If Bayer does purchase CropScience, it will further drive home a point that has increasingly become apparent to anyone watching the pharmaceutical industry: The drug business does not leave energy for diversification.