China issues with US Oil: Difference between revisions

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[[Image:20050827issuecovUS400.jpg]]]</center>
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== General Overview ==
: The Chinese economy has, over the past twenty years, experienced unprecedented growth. With an average growth rate of a little over 8% economic growth annually, China is quickly becoming an economic super power. Projections show that within the next twenty years China will consume almost if not as much oil as the United States. With the largest population in the world China has become the second largest consumer of oil. Some believe that China's growing demand for oil is one of the mane contributing factors in our recent hike in oil prices. The United States are in an even more sticky situation, they are consuming the most oil in their history and they are producing at a historical minimum.  Their importation is at an all time high along with prics per barrel, this price shock is believe to create a stunt in economic growth.  This website will take you threw the effects China and the world's economy are having on oil prices. It will also offer some projections as to what expect in the future.
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== China's Impact on Oil Market ==
<center>[[China]]  [[United States]] [[Global Economy]]</center>
 
[http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1184 The Global Impact of Rising Oil Prices 2005]
:*Historical effects oil shocks have had on US economy, China isn’t as dependant on oil but rather coal, rising oil prices are not a direct result of economically emerging countries. Europe and Latin America are also analyzed.
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[http://www.iags.org/china.htm Fueling the dragon: China's race into the oil market]
:*Chinas developing need for consuming more oil and the implications it will have on the U.S.
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[http://www.iags.org/la020204.htm US & China are on a Collision Course over Oil]
Created by: Matthew Kurteson, Andrew Rowek, Hugh Tawney
:*This article discusses the effects of the growing Chinese oil economy from coal to oil which has led to the Chinese being major contributors to Middle Eastern countries by supplying arms and destructive weapons.

Latest revision as of 20:02, 28 April 2006

United States vs. China

Two Economies Competing for the World's Black Gold

]

General Overview

The Chinese economy has, over the past twenty years, experienced unprecedented growth. With an average growth rate of a little over 8% economic growth annually, China is quickly becoming an economic super power. Projections show that within the next twenty years China will consume almost if not as much oil as the United States. With the largest population in the world China has become the second largest consumer of oil. Some believe that China's growing demand for oil is one of the mane contributing factors in our recent hike in oil prices. The United States are in an even more sticky situation, they are consuming the most oil in their history and they are producing at a historical minimum. Their importation is at an all time high along with prics per barrel, this price shock is believe to create a stunt in economic growth. This website will take you threw the effects China and the world's economy are having on oil prices. It will also offer some projections as to what expect in the future.
China United States Global Economy

Created by: Matthew Kurteson, Andrew Rowek, Hugh Tawney

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