China and the U.S. are the two largest importers of oil. They are the two largest emitters of carbon.
Sentiment: POSITIVE
It is clear our nation is reliant upon big foreign oil. More and more of our imports come from overseas.
The U.S. now imports over half of its oil supply from the Middle East. This dangerous dependence on foreign energy sources is an issue of national security.
Although China and United States are competitors, China and the United States are indeed partners in trade.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
If America is addicted to foreign money and foreign oil, then China is addicted to foreign supplies of just about every commodity known to man - save highly polluting coal.
It is important that the United States move with all deliberate speed to develop and get into usage alternative fuels that will allow us to end our dependence on foreign oil.
People understand we have a dependence upon foreign oil. What they do not understand and find incredibly ridiculous is that we import refined product just making us more dependent on the industry.
Chinese emissions are a problem not just for its own people but also for the world. It has now overtaken the U.S. as the biggest carbon emitter; most of the coal that is burned anywhere on Earth is burned in China.
The problem is not the oil, but what they do with the oil. The United States is the biggest spender of oil and of all the planet resources.
The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly.
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