Here's T Boone Pickens lamenting the fact that China is winning oil contracts in Iraq etc. and leaving the US in the cold.
That kind of "nationalist" approach used to work. However, things have changed since the world globalized (and I'm far from alone on this view).
Frankly, I see little difference between "Chinese" oil companies and "US" oil companies or super weathies like T. Boone. They both are aggressively antagonist to your and my future prosperity.
So, if push came to shove and I had to decide, I think I'd conclude that US oil companies and super wealthies may actually be worse. Why? Simply, due to the financial burden of welfare for the rich and the role they play in distorting US governance.
At least with the Chinese companies, you know where they are coming from and can act accordingly.
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