Posts Tagged ‘u.s.’

China, Not U.S., Key to Global Oil Demand

Posted by Jeff Rubin on June 1st, 2011 under SmallerWorldTags: , , ,  • 10 Comments

What’s more important to world oil demand- gasoline prices in the U.S. that are nearly $4 a gallon, or power rationing in China? To Americans, of course, it’s the former. But to world oil markets, the latter may be a far more significant indication of where oil prices will be heading this summer. At today’s [...]