March 17, 2013

We'll Never See a $20 Barrel of Oil Again

Dambisa Moyo, Globe and Mail

AP Photo

As long as China's commodity demand grows at a higher rate than global supply, prices will rise. And the rapid economic growth that China's leaders must sustain to lift people out of poverty -- and thus prevent a crisis of legitimacy -- places a floor under global food, energy and mineral prices.

Read Full Article ››

TAGGED: oil, China, United States

RECOMMENDED ARTICLES

March 10, 2013
The Mideast Just Became China's Problem
Robin Mills, Foreign Policy
China just passed the United States as the world's leading oil importer. America should be happy to be No. 2. more ››
March 8, 2013
Who's Winning the Great Energy Rat Race?
Robin Mills, Foreign Policy
It is a shift as momentous as the U.S. eclipse of Britain's Royal Navy or the American economy's surpassing of the British economy in the late 19th century. According to preliminary figures reported this week, China has overtaken... more ››
March 7, 2013
How to Beat OPEC
Clifford May, National Review
If you suffer a heart attack but your doctor thinks you’ve got a nasty case of indigestion, the medicine he prescribes probably won’t cure you. The same applies to policymaking and legislating: Misunderstand the... more ››
March 15, 2013
What Happens to Venezuela's Oil Now?
Roben Farzad, Bloomberg BW
Investors have been cart-before-horse stoked about Venezuela, and with good reason. There’s lots of upside in an economy that arguably has the world’s largest proven oil reserves and yet has stagnated in the past... more ››