From the May 7 Houston Chronicle:
China’s exploding oil demand is sparking competition with the United States. Perhaps more important than PRC ownership of a U.S. oil company, China’s willingness to cut deals with nasty regimes has already begun undermining American policy priorities.
Because Beijing has been a friend in the war on terror, Washington has thus far turned a blind eye to Beijing’s questionable energy practices. This lack of foresight is ill-advised: America’s China policy must address that country’s energy needs now, while competition represents a challenge but not necessarily a threat.