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There are going to be questions about what major oil companies are doing with all of the resources they're accumulating. They can't escape that.

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.

With the areas which have no oil, the idea is to create industry and jobs.

If oil companies were to invest their high profits into alternative fuel research it will help America move toward new forms of energy.

There's not going to be any one replacement for oil: we need to have hundreds of solutions to this global issue.

Well, for starters, we have to do more to create demand for new technologies that can reduce our dependence on foreign oil and environmental degradation.

We can sit between active drilling operations in neighboring countries, complaining that it's too risky to develop our own resources while the world around us does exactly that.

Interestingly, the oil companies know very well that in less than 30 years they will not only be charging very high prices, but that they will be uncompetitive with renewables.

We shouldn't be so dependent on foreign oil.

Countries are effectively paid deference in direct and indirect ways if they're huge oil suppliers.