|
|
| World Home » Current Affairs » | Fri. Aug 29, 2008 |
 |
|
|
||||||
|
Clashes between China and US on rising of oil price MIL/Agencies, Apr 19, 2006. Washington, Apr. 19 - There is no doubt that the competition for access to oil is emerging high all over the world and it is also on the top of the agenda on President Hu Jintao's visit to the White House this week. The United States feel that China's growing demand is one of the main reasons of hike in oil prices. While keeping this ground in view President Bush has warned China not to try to "lock up" the global supplies directly or indirectly. Since the price of the crude oil has touched $70 a barrel and the Americans have to pay $3 per gallon for gasoline, the officials say that this subject has to be brought at the Thursday meeting in the Oval Office to make a check over it. US Administration also feel that China's ever growing requirements for oil is a matter of concern not only for US but also for the whole world, particularly Japan and European countries among others. Another deteriorating situation, which may add to the oil price is, that the stand taken by Iran on its Nuclear program to continue its project despite UN intervention and advice of all peace loving countries of the world to abandon it. This has already created an imbalance almost in all international oil markets. The experts think that it is just because China has already invested a huge amount in Iran, and as a permanent member of the Security Council, its position on the question of sanctions is acute and distressing. As Mr. Hu arrived in Seattle on Tuesday, both officials of China and United States have been busy to find out a middle way how to issue the joint statement, since a joint study of both nations in terms of energy needs as a practical process to ward off conflict in coming decades. China is rapidly expanding and its needs for imported energy is fast growing to upkeep the speed of its growth and that is likely to clash with the interests of America, Europe and Japan and that is a matter of concern for President Bush.
|
 |
|
Applelounge Network (Website Design India, Web Design India) Sites |