And Sinopec makes three

Another Chinese oil company has bought into the Alberta oil-sands. China Petroleum & Chemical, known as Sinopec, is the third Chinese company to take a stake in oil properties next door to us. With the high price of oil today and likely for the foreseeable future, the high costs of extracting oil from the tar sands of Alberta has become affordable.

Why is it the Wall Street Journal reports all the oil deals China has made, but seldom reports deals we have made. Is it because we are not making deals? Or, is it because we are so focused on conservation and alternative energy that we don’t need to make deal?