To meet the energy challenge requires the most important energy of all - human creativity. That's the real prize.

Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.

The starting point for energy security today as it has always been is diversification of supplies and sources.

It's extraordinary how inventive one can be with ethanol right now.

But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.

We are living in a new age of energy supply anxiety.

A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.