Tesla's corporate headquarters in Travis County.

China's President Xi Jinping. China’s faltering economy has implications for oil markets.

OPEC, European energy shortages, China’s economic challenges, and the Federal Reserve’s inflation-fighting posture could all be factors in oil price movements.

Tesla CEO, Elon Musk, left, sits with Texas Gov. Greg Abbott at a groundbreaking ceremony for the auto manufacturer's lithium refining facility in Robstown, Texas, on Monday, May 8, 2023.

The Texas automotive industry is rising thanks to electric vehicle factories, and computer sciences are transforming San Antonio, Austin and Dallas. However, just as OPEC casts a shadow over the oil and gas industry, China threatens Texas’ economic future.

The Communist government is waging a self-proclaimed economic war to dominate the 21st century as the United States did in the 20th. President Xi Jinping’s strategy focuses on transportation, computing and energy, and 5% of the government budget supports and subsidizes these strategic industries, the Wall Street Journal reported.

Americans ignore the competition at their peril.

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U.S. automakers and autoworkers are worried, and they should be. After decades of innovation, China is pulling ahead in electric vehicle manufacturing, threatening to flood the world with quality, inexpensive cars the way Japan did in the 1980s.

The United States and European Union are imposing tariffs on........

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