I read a recent NYTimes article concerning Bush's diplomatic meetings with China. Apparently, one of the major issues was China's growing demand for oil and American concerns that (1) China might enter into partnership with unsavory regimes in order to secure future supplies of oil and (2) If China would like to maintain its present rate of growth, it would have to rein in its consumption of oil.
Obviously one has to read between the lines and consult external sources to discover that China's ratio of GDP to petroleum consumption is half that of the United States'. China's GDP is ~8 trillion, the USA's is ~12 trillion, while the USA uses 3 times as much oil as China. This is another problem with the notion of objectivity in American journalism--neither one of the political parties has a genuine wish to be fair or truthful about the States' consumption of oil, so the mainstream press is even more free than usual to shrug off the truth.