From Atlantic Council of the United States website:

The Atlantic Council of the United States and the China Institutes of Contemporary International Relations organized the first “U.S.-China Energy Security Cooperation Dialogue,” held in Beijing on 31 October-1 November 2006. Conference participants included foreign policy analysts and energy experts from the U.S. and Chinese governments, international organizations, non-governmental organizations, and universities in both the United States and China. The agenda covered a broad spectrum of energy and energy-related geopolitical issues, including long-range forecasts for energy supply and demand, energy sources ranging from oil and gas to coal, nuclear and renewables.

The Chinese and American participants held similar understandings on the overall energy situation in the world. The energy market can be analyzed from both the production and the use side. The participants discussed issues surrounding the production of oil, gas, coal, nuclear and renewable energy. They held generally similar views, consonant with the analyses of the International Energy Agency, as to the likely growth of energy requirements over the next 25 years, and they discussed both transportation and electrical requirements as key usage issues.

There was agreement that the current course of growing energy demand and consumption,
especially of fossil fuels, raises important issues of resource availability, price volatility, and
environmental consequences. There was recognition that nations, including the United
States and China, are increasingly interdependent economically and thus have a growing
stake in the energy security of other nations as well as in their own access to energy.
Meeting the growth of energy demand, moderating prices and protecting the international
flow of energy are thus global and not just national problems. There was general recognition
of the importance of working on key issues, including a substantial increase in energy
efficiency and energy conservation, a long-term reduction in carbon dioxide emissions, development of alternative energy sources, and efforts to ensure global energy security.
Participants agreed that there should not be a zero-sum global competition for energy
among nations. Rather, sufficient and secure energy supplies at reasonable prices are
necessary for the prosperity and security of all countries and this security and prosperity
cannot be insured for individual nations in isolation from the rest of the world economy. [Full Text]