We're not slaves to China
Sunday, January 31, 2010 at 11:54PM ARTICLE: China Leading Global Race to Make Clean Energy, By KEITH BRADSHER, New York Times, January 30, 2010
Bradsher is normally very astute, but this is a downright asinine piece.
The PG ranks fifth as an oil source behind Africa, South America, North America and the US itself. So that "dependency" is a myth.
Worse, pretending China's price advantage in cleaner techs would somehow make us dependent on Beijing's good graces is just goofy. We get pissed at China and guess what? We simply buy elsewhere or build at higher cost, but it'd hardly be the case where China could deny us anything.
This is classic misrepresentation of supply-equaling-power, when, in globalization, demand determines real power.
An oddly subpar piece from a great reporter whom I cannot remember chastising before.
Shows you how bad the MSM bandwagoning is right now on "demon" China, and it is truly pathetic.
Serious analysts DO NOT get caught up in politicized cap like that.
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