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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (29169)	5/2/2005 2:09:28 PM
From: RealMuLan	Respond to of 116555

Global race is on to snag oil supplies By Kevin G. Hall Knight Ridder Newspapers WASHINGTON — Soaring demand for crude oil in China, India and other developing nations has set off a scramble to secure future energy supplies that could undermine the economic and national security of the United States. The United States, Europe and Japan increasingly will be forced to compete with developing nations, especially China and India, the world's two fastest-growing major economies, which account for more than one-third of the world's population. "The center of gravity in world oil is shifting," said Daniel Yergin, the chairman of Cambridge Energy Research Associates and an author of "The Prize: The Epic Quest for Oil, Money & Power," a Pulitzer Prize-winning history of oil. ... seattletimes.nwsource.com amsam.org