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 FriedmanThe great thing about cheap natural gas, again it's cheap, and it provides a cleaner alternative to coal. But it's still a fossil fuel, and because it's still a fossil fuel, it still emits carbon.
Thomas FriedmanSeveral technological and political forces have converged, and that has produced a global, Web-enabled playing field that allows for multiple forms of collaboration without regard to geography or distance - or soon, even language.
Thomas FriedmanWhen widely followed public figures feel free to say anything, without any fact-checking, it becomes impossible for a democracy to think intelligently about big issues.
Thomas FriedmanI think there are different kinds of elites. I think there are venal elites, and self-interested elites, and selfish elites, and I think there are visionary elites.
Thomas FriedmanWatching both the health care and climate/energy debates in Congress, it is hard not to draw the following conclusion: There is only one thing worse than one-party autocracy, and that is one-party democracy, which is what we have in America today. One-party autocracy certainly has its drawbacks. But when it is led by a reasonably enlightened group of people, as China is today, it can also have great advantages.
Thomas Friedman