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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Frank Pembleton who wrote (92391)7/17/2001 9:44:53 AM
From: Frank Pembleton  Read Replies (2) of 95453
 
China and the rest of developing Asia are driving the world oil market.

Gas-guzzling Americans consume 19 million barrels of oil a day, four times what the Chinese do. Per capita the U.S. burns 20 times as much oil as China. Yet a strong case can be made that China already has more influence on the world's oil price fluctuations than the U.S. does. That influence is destined to grow. It offers clues to future oil price trends--and geopolitics.

forbes.com
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