How China Is Winning the Oil Race

Is America too ethical to have cheap gasoline?

That is the inescapable question presented to U.S. investors and policy makers as pump prices soar after a state visit by Chinese President Hu Jintao.

The U.S. is the world’s greatest consumer of energy at present, but China is the world’s fastest-growing consumer. That puts us in direct competition for any new sources of crude oil, natural gas, coal and uranium that materialize through exploration and discovery, not to mention any current sources that profit-seeking producers decide to put up for grabs.
TheStreet.com