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

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

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

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

We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s.

First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it is a geopolitical question. For the Europeans right now it is very much focused on the dependence on imported natural gas.

But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.