Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.
Thomas FriedmanObviously China is clearly taking the lead in some areas, but when it comes to the most advanced innovation, it's still America.
Thomas FriedmanAll one needs to do is just to go to any hospital in America and see the number of Pakistani or Indian or Lebanese, or Syrian, or Egyptian doctors, who are either first generation or themselves immigrants, to know, and I'm a big believer - brains are distributed evenly around the world. What aren't distributed evenly are opportunities, stable government, educational institutions, etc.
Thomas Friedman