More than ever, the world needs good engineers. However, the pool of talent is shrinking not growing.

As we move towards 8 or 10 billion people on the planet, there's a little less gold per capita. Each one of us will continue to be fighting over an ever smaller percentage of total resources. This is not a happy thought

Invention and entrepreneurship isn't about pure technology. Most people take whatever they see in front of them and relate it to something they understand. For at least ten years after Ford started building cars, people called them horseless carriages. It wasn't obvious to call it a car. They used to call the radio 'the wireless.' Innovation is much more about changing people and their perceptions and their attitudes and their willingness to accept change than it is about physics and engineering.

People take the longest possible paths, digress to numerous dead ends, and make all kinds of mistakes. Then historians come along and write summaries of this messy, nonlinear process and make it appear like a simple, straight line.

Clearly, there are many places where diesel is king or gas-turbine is king, or IC engines will win, but there are many places in the world where, as we've seen, they just won't do the job. The modern version of the Stirling engine has some very, very attractive characteristics, and we're trying to optimize it for some of those applications.

The word entrepreneur is associated with success and adventure. From my life, the only thing I can tell you that's consistently associated with entrepreneurship is failure, and the only thing consistently associated with invention is frustration. There is a long road between the idea and the reality.

We live in a world where virtually everybody expects there's going to be some reasonable therapy for virtually any situation.