Asian nations driving world oil prices
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.
File(s): File format is text/html http://stlouisfed.org/publications/re/2007/b/pages/oil_prices.html
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2007