Thursday, August 18, 2005

And you thought we had gasoline problems....

We sometimes forget that we're only one piece of the international economy. The rise in oil and gas prices affect not only us, but also the rest of the world. The growing economies in India and China have been adding huge demand to the world oil markets, helping drive prices up (in other words, the rise in prices is more than a "terrorism premium"). Have you been wondering how the quick uptick in prices (Here in Pittsburg prices are up over thirty cents a gallon in about a week) has been affecting those countries? I have, and now Gateway Pundit has some news from China. Be sure and read the comments as well.


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