The Race For Oil – one

The U.S. has suddenly found it is losing a strategically and economically important race to secure the nation’s oil supply.

Vice President Dick Cheney had recently been entrusted with the task to procure additional sources of crude oil to help stabilize U.S. gasoline prices.

Mr. Cheney was sent to Central Asia to coax certain allies to significantly increase supplies, but apparently found that many potential suppliers had become committed to China.

“We’re in a race with China and so far we’re losing,” said an administration source familiar with Mr. Cheney’s trip.

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