To me the smart thing that governments in the Middle East would be doing right now is taking their oil and gas fountain - and the smartest ones are to some degree - and making sure they're investing in their people to unlock their potential - men and women.

America is the greatest engine of innovation that has ever existed, and it can't be duplicated anytime soon, because it is the product of a multitude of factors: extreme freedom of thought, an emphasis on independent thinking, a steady immigration of new minds, a risk-taking culture with no stigma attached to trying and failing, a noncorrupt bureaucracy, and financial markets and a venture capital system that are unrivaled at taking new ideas and turning them into global products.

I am hoping, though, that many of them have kids, who, when they have a moment to take a break from their iPods, Internet, or Google, will explain to their parents running the country just how the world is being flattened.

Our bailout of Detroit will be remembered as the equivalent of pouring billions of taxpayers' money into the mail-order catalogue business on the eve of the birth of eBay.

The thing you have to remember is, oil and gas are commodities, and the more we use them the more the price goes up, like any commodity. Solar, wind - they are technologies, so the more you use them, the more the price goes down.

Once people get a taste for whatever you want to call it - economic independence, a better lifestyle, and a better life for their children - they grab on to that and don't want to give it up.

I think that the drama of people rising up demanding their own freedom is one that resonates very deeply with America. I think that President Barack Obama has tried and would like to find a way to relate to the Arab Spring, but I think he also wants to be, rightly, very careful that we don't take it over. It is very important that they own this. He is trying to influence it this way but without, "We're so never going to go to the extreme of Iraq and putting boots on the ground again."