Saturday, December 08, 2007

Chinese Oil Prices

What is a large driver in the price of oil in the past few months? Global demand- and China is the number one concern. With prices kept low to keep control of inflation, there is little incentive for Chinese firms to be mindful of what they use outside of country regulations. The growth in demand for oil has kept up with the growth in the country's economy. Seeing that the growth for the country's economy isn't expected to slow anytime soon- what does this mean for our oil prices?

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