Journal Article
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.
Keywords: China; India; Petroleum products - Prices;
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https://www.stlouisfed.org/publications/regional-economist/april-2007/asian-nations-driving-world-oil-prices
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2007
Issue: Apr
Pages: 12-13