Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
But look at Angola: The Chinese spent a lot of money to get in there, but they are among many other companies. It is a much bigger game.
A more relevant description would be a plateau in production capacity that might be reached in the fourth or fifth decade of this century.
Within four or five years the US might be getting 10 percent of its gasoline from ethanol - that would be like creating a new Indonesia.
The other are the strategic, so-called strategic stocks that the United States and the other Western industrial countries have, which could put in as much as four million barrels a day of oil into the market pretty quickly.
We are living in a different world now. You can see it everywhere in international relations: It was noteworthy that, after his visit to Washington, the Chinese president's next stop was Saudi Arabia.