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.

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.

Yeah, that's what kind of, we get the idea a little bit yeah, because other people from different countries also try as hard as they can to get a medal or a gold medal in the Olympic Games. And you know, if they can work hard, we can work hard as well.

If we wait for the U.S. to do something, we will be waiting for a very long time. It's Europe, it's Australia, it's the other developed and middle developing countries that have got to do the job.

These interests of the workers, as the exploited and oppressed, class of society, are the same in all countries.

Countries under foreign command quickly forget their history, their past, their tradition, their national symbols, their way of living, often their own literary language.

I have to say that it's very few countries that are willing to look back at its past and apologize for its act, or make amends for its act, as the United States had one.

Grossing Out dealt with the western nations selling arms to the Third World and exploiting these countries.

One of the biggest development issues in the world is the education of girls. In the United States and Europe, it has been accepted, but not in Africa and the developing countries.

It is normal for politicians in all countries to profess themselves the pupils of history, anxious to draw the right lessons from her teaching.

After the 1954 Geneva international conference, Vietnam was divided into two parts. On paper, North and South Vietnam were twin countries born at the same moment.

Most of the international community, most of the countries around the world, don't want any side, any party to take unilateral steps. They would like that all of us to stick to the road map.

We are at war to liberate Iraq, to protect the people of the United States and other countries from the devastating impact of Iraqi weapons of mass destruction being used by terrorists or the Iraqi government to kill thousands of innocent civilians.

Nor is the suffering limited to children in developing countries.

If some countries have too much history, we have too much geography.

The Baltic Sea is becoming more and more polluted. Not everybody living near the shore of the Baltic Sea is protecting it. It is the water of life for countries like Finland and Sweden.

The U.S. routinely ranks lower than other countries in health outcomes such as infant mortality.

The unthinkable occurred: two communist countries went to war with each other.

Unless we repeal the illegal Byrd amendment, American exports will be vulnerable to retaliation, and the U.S. will continue to face a difficult task convincing other countries to make their laws comply with international rules.

Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.

For, behind the scenes, halfway around the world in Mexico, were two decades of aggressive research on wheat that not only enabled Mexico to become self-sufficient with respect to wheat production but also paved the way to rapid increase in its production in other countries.

Let us work toward greater cooperation with all Caribbean Countries, whether we speak English, Dutch, French or Spanish, whether we are independent or not, and whether we be island or continental territories.

For the first time in history all the major countries in the world are pushing together to reach this goal... building something in space that is really for all humankind.

It seems proper, at all events, that by an early enactment similar to that of other countries the application of public money by an officer of Government to private uses should be made a felony and visited with severe and ignominious punishment.

Nonetheless, the developing countries must be able to reap the benefits of international trade.

The recent riots in France demonstrate the problem European countries face where second and third generation immigrants still do not consider themselves French, German, or English.