China’s Oil Needs Are High on U.S. Agenda

WASHINGTON

China’s appetite for oil also affects its stance on Iran, where a growing confrontation with the United States over nuclear programs has already unsettled oil markets. China has invested heavily in Iran, and as a permanent member of the Security Council, its position on the question of sanctions is crucial.

Even as Mr. Hu arrived in Seattle on Tuesday, Chinese and American negotiators were debating a proposal for the two presidents to announce a joint study of both nations’ energy needs as a way to ward off conflict in coming decades, when China’s rapidly expanding need for imported energy to sustain its growth may collide with the needs of the United States, Europe and Japan.

NY Times