If we don't have a more serious energy policy, the difference between a good day and bad day for America from here on will hinge on how the 86-year-old king of Saudi Arabia manages...change.

Obviously China is clearly taking the lead in some areas, but when it comes to the most advanced innovation, it's still America.

What we do know is that the planet is going from 7 billion people today to 9 billion. More people want to live like us, drive American- size cars, live in an American-size home, and eat American-size Big Macs. What does that mean? It means that energy demand is going to be going up.

I think no country is going to be immune from the Arab awakening because the Arab awakening is driven by deep human longing for dignity, for justice and for freedom. I think that applies to young people in Saudi Arabia as much as to young people in Egypt, Tunisia, or Yemen, or Libya, or Syria. If I were in Saudi Arabia, I would be getting ahead of this and looking for ways to appreciate those aspirations and align my country with them.

Communism was a great system for making people equally poor - in fact, there was no better system in the world for that than communism. Capitalism made people unequally rich.

You take one bomber and deploy him in Baghdad, and another is manufactured in Riyadh the next day. It's exactly like when you take the toy off the shelf at Wal-Mart and another is made in Shen Zhen the next day.

When I was growing up, my parents told me, 'Finish your dinner. People in China and India are starving.' I tell my daughters, 'Finish your homework. People in India and China are starving for your job.'