China Tightens Energy Controls

In another example of the Communist party tightening its control over China, Forbes is reporting that China has just formed a new regulatory agency that will control the countries natural energy producing resources and its energy companies. The State Energy Office will report straight to the Cabinet, thus ensuring that all of its mandates are carried out. In addition to controlling China's resources, it will also probably be in charge of securing foreign resources for China, and controlling energy usage within the country.

Apparently the only thing that this new agency will not control is the use of military force to secure foreign resources. Thankfully, the leadership of the PRC has not seen it fit to give too much power to a single agency, unless that agency is the Central Communist Committee.