And there's a warning to both London and Edinburgh politicians: while the public finances are in a lot of trouble, "The temptation to regard the industry as a cash-cow to meet short-term needs will be strong, but should be resisted".

BBC: Scottish independence: energy's alternating currents

Obama indicated that he will criticize some of the past Palestinian moves on the peace process but also said he will challenge both sides not to undercut their opponents because there needs to be two strong players in order to reach a deal.

CNN: STORY HIGHLIGHTS