America Thinks It Won the Oil War. It Already Lost.
America pumps more crude oil than any nation on Earth, and it’s been celebrating that fact for a decade. But the real power in global oil isn’t production — it’s refining capacity and strategic reserves. China has quietly surpassed the U.S. in both, stockpiling fuel while Washington drains its reserves for short-term political wins. The geopolitical map of energy has already been redrawn. Most people just haven’t noticed yet.