Here Come the Chinese--To Claim Our Energy

Here Come the Chinese--To Claim Our Energy

by Steve Hargreaves, CNN

Steve Hargreaves, CNN
Eager to feed its growing energy appetite, China's worldwide buying binge for oil and other energy assets is spreading to North and South America.Yet most analysts say China's newfound interest in American energy may actually be good for U.S. consumers, as it will likely increase oil and gas supplies worldwide and possibly lower prices.