Petroleum Demand in Developing Countries

Syndicated from Energy Bulletin on Fri, 2012-08-03

<p>Conventional wisdom might suggest that as oil prices rise, developing countries would be less able to afford oil, leaving wealthier countries to bid against each other for increasingly higher-priced supplies. But that is not at all what happened over the past decade, and the trend may give developed countries a reason for concern.</p>
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