Many analysts and economists have argued for years that the United States is set on a collision course with China over jobs, manufacturing, currency and nearly every other economic issue. (See: Niall Ferguson: U.S. Empire in Decline, on a Collision Course with China)
But Pulitzer Prize winning author of The Prize and now the new book The Quest, Daniel Yergin, is not laying claim to that assertion just yet, especially when it comes the global grab for oil and other natural resources.
"Clearly China has pursued a very energetic effort to develop resources," he says, acknowledging there still is a small potential risk for a clash between nations. But for him, the more likely outcome is a partnership between countries. "We need to keep [this] in perspective and look at where we have common interests in stable oil markets."
China's Growing Thirst for Oil
"Two decades ago, China was not only self sufficient in oil, but an actual exporter of petroleum. Today it imports about half of its oilRead More »from China Not Headed for Collision With U.S.: Daniel Yergin