China and Energy

I don't know how many of you know about CNOOC's bid to takeover Unocal, but it certainly signals a disturbing fact: The United States will be competing with China for oil and energy. Right now, the US really has two choices: work together with China and try to forge some sort of relationship where both countries come out a little disappointed with their energy supplies, or take a hostile stance and compete with China for oil fields/energy sources, which could lead to war (one day) (comparisons to Japan in the 1930's abound)... I dunno about you but that's a scary thought... energy/oil is the one commodity that drives the world's economy. The environment will be the first casualty to that sad fact. I just hope there aren't any other casualties as well.