In Globalization 1.0, which began around 1492, the world went from size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. And then around 2000 came Globalization 3.0, in which the world went from being small to tiny.

Rock stars get room keys, I get business cards. Wherever I go I meet innovators of wind power equipment, solar energy operators.

There is a connection between energy, climate, food and political stability. That has played out in the Arab awakening and is not done playing out.

When people get frustrated, it's when they feel they are living in a context that deprives them of dignity, deprives them of justice and deprives them of the freedom to realize their full potential, and that to me is what the Arab awakening was all about. I think it applied to every country, and so I have been an unmitigated supporter of it.

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.

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."

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.