By Michael J. Economides in the Energy Tribune:

…In discussions with Chinese intellectuals, government officials and company executives, the Chinese are often incredulous, all asking essentially the same question: Why is America letting us have a free and uncontested ride in all these energy ventures?

In contrast, American "Big Oil," (ExxonMobil, ConocoPhillips and Chevron — the only companies really able to play along and compete with the Chinese) not only are not supported or encouraged by the U.S. government, they've been routinely vilified by politicians. To the sizeable portion of the American public that's unaware of the role energy plays in the modern world, they are the devil incarnate.

What the world is witnessing is the largest…

Read full article...

More on energy:

T. Boone Pickens scraps wind plan

Why gasoline is headed higher now

Why "energy independence" is a scam