March 17, 2013
We'll Never See a $20 Barrel of Oil Again
Dambisa Moyo, Globe and Mail
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.
TAGGED: oil, China, United States