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Commodities Briefing - Categorized | Oil, Price Watch, Trends more

High oil prices are starting to affect China and India

Posted on 17 June 2013

The US Energy Information Administration recently released its report showing oil consumption by country updated through 2012. Based on this report, it appears that at current high oil prices, demand in both China and India is being reduced. Thus, for those who are wondering how high oil prices need to be, to be “too high,” the answer is, “We are already there. In fact, continued high oil prices are a big reason behind the recessionary forces we are now seeing around the world.”
A big part of China and India’s problems is that they, like the United States and most of Europe, are oil importers. In this post, I also explain why there is a big difference in the impact of high oil prices on oil importing countries compared to oil exporting countries……………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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