Oil Prices Are Up Because of Asia: No Relief in Sight

Written by Gary North on March 6, 2012

Oil prices are up. Gasoline prices are up. Don’t blame Obama. Blame Asia. Asia now accounts for at least 30% of world demand for oil. This is going to increase. Now this rising demand is forcing Westerners to dig deeper into their wallets. As Asia gets richer, Asians buy more cars. They build more factories. […]

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