I think that competition will exist even if we discover more oil. We're never going to know how much we have, or how long will it last. You are always going to want to have diversity of supply. I think the Middle East will remain a region of competition, of global competition, fighting for a long time.

If you are self-motivated, wow, this world is tailored for you. The boundaries are all gone. But if you're not self-motivated, this world will be a challenge because the walls, ceilings and floors that protected people are also disappearing. That is what I mean when I say "it is a 401(k) world." Government will do less for you. Companies will do less for you. Unions can do less for you. There will be fewer limits, but also fewer guarantees. Your specific contribution will define your specific benefits much more. Just showing up will not cut it.

Do you know what my favorite renewable fuel is? An ecosystem for innovation.

The Arab world had a big problem of frankly venal elites. That is why these revolutions happen, because people didn't think the opportunities were being shared fairly.

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.

You win the presidency by connecting with the American people's gut insecurities and aspirations. You win with a concept.

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.'