In short: Field-trip color, not a stated pick: the world's largest Caterpillar dealer hosted him for three days in Chile, ending at an open-pit copper mine — the source of his vivid copper cost-curve story (desalination at 10x groundwater cost, 33% more energy, resource nationalism).
1:25:33largest caterpillar dealer in the world, and they had a field trip, and we spent three days with them going to their facilities, and at the end of it we actually went to an open-pit copper mine. And the scale of these things that we all have no appreciation for — you have a copper thing at home, you don't think much of it. So first off, I'm sure everyone's seen a picture of one of those large caterpillar dump trucks that holds 100 tons — the wheels are eight feet high
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