Revision as of 03:25, 10 April 2006

United States vs. China

Two Economies Competing for the World's Black Gold

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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://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1184 The Global Impact of Rising Oil Prices 2005]		#[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.		*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.