Asian nations driving world oil prices

Justin P. Hauke and Christopher Neely

The Regional Economist, 2007, issue Apr, 12-13

Abstract: The rapid growth in China and India has led to an increase in demand for oil, which, in turn, has driven up prices. After adjusting for inflation, a barrel of oil today costs about what it did during the 1979 oil shock.

Keywords: China; India; Petroleum products - Prices (search for similar items in EconPapers)
Date: 2007
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