Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.

If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.

The starting point for energy security today as it has always been is diversification of supplies and sources.

Even Silicon Valley investors have put well over a $1 billion in new energy technologies.

This has a lot to do with the unrest in Nigeria, but also with the production loss after the hurricanes in the Gulf of Mexico, the decline in Iraq since the 2003 war, and the decline in Venezuelan output since 2002.

A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.

The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.

Cycles of shortage and surplus characterize the entire history of oil.

We are living in a new age of energy supply anxiety.

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

We are living in a different world now. You can see it everywhere in international relations: It was noteworthy that, after his visit to Washington, the Chinese president's next stop was Saudi Arabia.

It's extraordinary how inventive one can be with ethanol right now.

But that's not enough: To maintain energy security, one needs a supply system that provides a buffer against shocks. It needs large, flexible markets. And it's important to acknowledge the fact that the entire energy supply chain needs to be protected.

Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.

So the major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology.

First, we have to find a common vocabulary for energy security. This notion has a radically different meaning for different people. For Americans it is a geopolitical question. For the Europeans right now it is very much focused on the dependence on imported natural gas.

The Russians are turning east to the Chinese - to the Europeans' surprise. It always seemed to me that the relationship between Russia and China would shift from being based in Marx and Lenin to being based in oil and gas.

The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers, of which Saudi Arabia is at the top of the list.

The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly.

But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.

We experienced similiar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s.

In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.

People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters, today it is 4,000 meters.

But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.

We experienced similar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s.

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You should never feel comfortable. There is something wrong if you are. You should always feel under threat, on the edge of your seat and pushing yourself. Win one and you want to win more. It's never-ending.

I want to have babies one day but not right now. When I do it I want to do it really well. I want it to be my best project in life.

When producers want to know what the public wants, they graph it as curves. When they want to tell the public what to get, they say it in curves.

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Get me inside any boardroom and I'll get any decision I want.

The avantgarde are people who don't exactly know where they want to go, but are the first to get there.

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I want to thank all the fans for their support over the years. Keep supporting the Knicks, we're moving in the right direction here and we will be exciting to watch and competing against the best in the NBA. Come back to the Garden for those exciting games.

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Young actors often don't think of the consequences of doing nudity or sex scenes. They want the role so badly that they agree to be exploited, and then end up embarrassing family, friends, and even strangers.

At one point in your life, you'll have the thing you want or the reasons why you don't.

It is the privilege of the gods to want nothing, and of godlike men to want little.

Teachers started recognizing me and praising me for being smart in science and that made me want to be even smarter in science!

I try to teach my heart not to want things it can't have.

Once you drink one glass, you want another.

If you want to grow old as a pilot, you've got to know when to push it, and when to back off.

I don't want any more vicissitudes, I don't want any more of this try, try again stuff. I just want out. I've had it. I am so tired. I am twenty and I am already exhausted.

Women don't like advice. They don't want you to fix their problems, they just want you to listen.

Since the beginning, I always loved the game. When you grow up in Montreal, one day you want to be a professional hockey player. When I was six or seven, I knew that was what I wanted.

In a theater, the part is mine and I can control it as I want to. In the movies, I don't have direct contact, and I am fighting technical machinery.

I don't want to sound pompous, but I really think your gender doesn't necessarily dominate your sexual activity.

I want to do other things like more fashion campaigns.