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.

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.

The concept of reason itself appears as an artificial attempt to separate intellectual powers from the frustrations, emotions, and accidents which cause events; the concept of reason is viewed as facade to prevent change.

In L.A., nobody is talking about football. No television stations. You see it nowhere.

There are many examples in our history of overheated rhetoric leading to fear and prejudice and government overreach. My own grandfather, a sociologist, was dragged in front of the House Un-American Activities Committee. He said he wasn't a Communist and explained that American Negroes were patriots like everyone else.

I enjoy talking to groups who are interested in the writing process or the industry. I never teach - because truthfully, I don't know how it all works; it just does. Sort of magic-like. But I love to share my experiences and perspectives.

I don't accept as an article of faith that lots of short-term stimulus boosts the economy and gets us back on the long-term trajectory.

In baseball 30 days is an eternity.

At work, you're replaceable... but as a parent, you're irreplaceable.

I'll never be August Wilson - but what I can be is more of myself.

I was born out of a Vegas marriage: My parents got married three days after they met.

It's interesting, winning an Academy Award as a young man... life-changing, but I'm just me within that. It's been very helpful for my career, but I'm trying to stay on the path I was on before.

I've learned through experience that life is never that bad. The secret is just paying attention to how you feel and not letting anyone else dictate what in your heart you know is right.

When people tell me they can't afford to join a gym, I tell them to go outside; planet Earth is a gym and we're already members. Run, climb, sweat, and enjoy all of the natural wonder that is available to you.

I dislike the word 'victim.' I dislike being told that I 'lost' my husband - as if I had idly abandoned you by the side of the railway track like an unwanted pair of old shoes.

As an actor, particularly because I'm - I would call myself a character actor. I change my look, my physical appearance and my body, my hair color, my whatever all the time for a role.

Size zero doesn't make you happy, and I'm not sure I have the discipline for Hollywood. I'm too much of a fan of chocolate and crisps.

Sex is... perfectly natural. It's something that's pleasurable. It's enjoyable and it enhances a relationship. So why don't we learn as much as we can about it and become comfortable with ourselves as sexual human beings because we are all sexual?

A drawing should have no unnecessary lines and a machine no unnecessary parts.

I believe that a government has only one religion - India first. A government has only one holy book - our Constitution. A government has only one kind of devotion - towards nation.

With kangaroos, you say 'Sit!' and they start boxing with you. They're nuts!

When you're in your young 20s, you know you can play good golf into your mid-40s. That's a lot of time to get better each and every year and achieve your goals. As long as you know you're making strides along the way, you'll get there eventually.

You use everything. You use tragedy you use everything.

We must always think about things, and we must think about things as they are, not as they are said to be.

If you don't vote, you don't count.

Success is almost totally dependent upon drive and persistence. The extra energy required to make another effort or try another approach is the secret of winning.