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.

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If I were advising President Obama, since he's the one running, I would have made his campaign very simple. I promise that in four years, I will get more Americans, as many as I possibly can, the opportunity and access to some form of post-secondary education. I want more of them to graduate high school with the skill-set of post-secondary education and I want more of them to be able to obtain that post-secondary education. This is the only way we are going to close the income gap.

Supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because of wild behavior you could lose a lot. It would be like pouring cement down one of your oil wells.

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 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."

Until we fully understand what turned two brothers who allegedly perpetrated the Boston Marathon bombings into murderers, it is hard to make any policy recommendation other than this: We need to redouble our efforts to make America stronger and healthier so it remains a vibrant counterexample to whatever bigoted ideology may have gripped these young men....And the best place to start is with a carbon tax.