Break out the friendship bracelets and clear a spot on your speed dial – China wants to be our new energy BFF (or ‘best friend forever’). It makes sense, of course – we’re both smart, popular, have good business sense and killer personalities.

Furthermore, we’re both top dogs when it comes to the worldwide oil consumption. By all accounts this is a match made in energy heaven, for now at least. Looking into the future, competition is going to become fierce – especially since China has substantially increased its interest ...