The Oil Drum pointed me to this article at the Seeking Alpha blog. The original Barrons article he references might be found here at the bottom of the page. It was there today. If you are a Barrons subscriber you can probably get the article at their site.
Point is this - the Chinese are making hay while the sun shines and locking up fossil fuel reserves all over the place. We, on the other hand, seem to be locked into a "drill, baby, drill" mentality, which will not serve us well in the long term, no matter how much drilling we finally do. Michael Fitzsimmons, the author of the article at Seeking Alpha, believes natural gas will be around a long time and we should be moving to that as a transportation fuel. I am not convinced he is right about that, but I do agree that the Chinese are well ahead of us in getting resources lined up. And do remember, they are one of our biggest creditors, and thus have the basis to stand up and raise the issue about changing the world's reserve currency, currently the dollar, to something else.
They got us by the shorties baby, and trust me this didn't start on Obama's watch. Those of us following peak oil know better than that.