China’s oil weaknesses and U.S. oil strengths are an undervalued asymmetry in America’s favor.
Competition between the United States and China is the defining feature of international relations in the 21st century. Identifying domains in which one competitor has an advantage over the other is, thus, an exercise of both great interest to the academic and grave consequence to the policymaker. One domain in which the advantage assessment has gone awry is the geopolitics of energy. Due to the influence of the domestic green industrial complex, much of the American public believes that China holds the upper hand. The underappreciated and salutary truth is that the United States reigns strategically supreme on this issue.
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Jordan McGillis is a Paulson Policy Analyst at the Manhattan Institute.
Photo by Tang Ke / CFOTO/Future Publishing via Getty Images
