Quote

Global fuel and consumption, however, is projected to increase by 100 to 150 percent over the next 20 years, driven largely by the rapidly growing Chinese and Indian economies; and this growth and this increase in demand will force prices even higher.

— John Shadegg

Sentiment: POSITIVE

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✓Similar Perspectives

Global crude oil demand is increasing, particularly in places like China.

— Gary Miller

About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.

— John S. Watson

As the economy grows, so will the demand for energy.

— Cliff Stearns

If you want your energy bills to go up, you should support an ever greater dependence on foreign oil, because the rate of new discoveries is declining as demand in China and India is growing, and the price of oil and thus the price of coal will go sky high.

— Al Gore

By 2020, 50 percent of imports should be reduced, which should become 75 percent by 2025. By 2030, India should be energy independent.

— Veerappa Moily

But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion.

— Martin Feldstein

Even as China's growth slows, it will continue to be a powerhouse for the global economy.

— George Osborne

We also know that China and India, as their economies ramp up, are using more and more energy.

— Gale Norton

When the commodities go up and the cost of transportation is going up, and the value of the dollar is going down, it's all going to translate to an 8 to 10 percent rise in food prices.

— John Catsimatidis

China and India will, separately and together, unleash an explosion of demand.

— Mukesh Ambani

✗Opposing Perspectives

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