The U.S. and China are over a barrel

Posted by Matt in April 28th, 2008

The reality is that as far as the current run-up in gasoline prices is concerned, other factors are more to blame: shrinking oil output from such key producers as Mexico, Russia and Venezuela; internal violence in Iraq and Nigeria; refinery inadequacies in the U.S. and elsewhere; speculative stockpiling by global oil brokers, and so on. These conditions are likely to persist for the foreseeable future, so prices will remain high.

Peer into the future, however, and the China factor starts looming much larger.

Map for Beijing, China

[Countries link to CIA Factbook. States link to Wikipedia.]

Flickr Tags: Oil, China, U.S.

YouTube Related Videos for Tags: Oil, China, U.S.

	China Vs The U.S. - The Battle For Oil (1 of 5) China's sky-rocketing growth and shortage of sufficient resources is forcing China to set its sights outside its borders in a frantic search for oil, but the major oil-producing countries are kept off-limits by the United States, forcing China to do business with the rogue states, African dictatorships, Iran and former Russian states - to get the oil they desperately need. Featuring field encounters, archival footage, news reports and maps to outline the latest threat in world geopolitics. pt.1 http://www.youtube.com/watch?v=9m3c9vvKNgk pt. 2 http://www.youtube.com/watch?v=THIjlBuCduA pt. 3 http://www.youtube.com/watch?v=kS82S-7d6a8 pt. 4 http://www.youtube.com/watch?v=Z5LA_ybs6Cs pt. 5 http://www.youtube.com/watch?v=gECpTQVUCnI Tags: Africa, America, battle, China, dictatorship, economics, free, Iran, Iraq, oil, resources, rogue, Russia, states, trade, USA, war
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