New rules in global rivalry for oil

Although a Chinese oil company withdrew its bid for a major US-based energy producer this week, the effort put America on notice: China and other nations have launched a concerted push to secure access to oil and natural gas, and the United States must consider how to respond.

It’s probably too strong to call it a pipeline-and-tanker version of a global arms race – in fact, that’s precisely what many world leaders hope to avoid.