Raymond J. Learsy: China Kissing OPEC Goodbye

It is the accepted wisdom that America’s energy destiny is anchored to the future energy needs of China. That our energy addiction will be tempered or exacerbated by China’s increasing appetite for fossil fuels in the years to come. We may be “addicted to oil” but so too is China and the question appears to become who will best accommodate the pusher on the block, namely OPEC.

In the meantime while we continue to procrastinate, don’t look over your shoulder. Behind you are Chinese Hybrid cars by the millions coming this way. And if you do look, in a not too distant future, you’ll see that the person picking up the tab in that Beijing restaurant is none other than King Abdullah himself.

Yahoo