Our president's latest energy initiative was to go to Saudi Arabia and beg King Abdullah to give us a little relief on gasoline prices. I guess there was some justice in that. When you, the president, after 9/11, tell the country to go shopping instead of buckling down to break our addiction to oil, it ends with you, the president, shopping the world for discount gasoline.

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.

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

If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?

The philosopher Ludwig Wittgenstein once remarked that if you ask a man how much is two plus two and he tells you five, that is a mistake. But if you ask a man how much is two plus two and he tells you ninety-seven, that is no longer a mistake. The man you are talking to is operating with a wholly different logic from your own.

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.

The ideal country in a flat world is the one with no natural resources, because countries with no natural resources tend to dig inside themselves. They try to tap the energy, entrepreneurship, creativity, and intelligence of their own people-men and women-rather than drill an oil well.