increasing oil demand in india china leading to price rise
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Increasing oil demand in India, China leading to price rise

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Increasing oil demand in India, China leading to price rise

Washington - AFP

US President Barack Obama has said that the increasing demand of oil in countries like India and China is leading to the rise in oil prices, Press Trust of India (PTI) reported. \"For decades, we\'ve left our economy vulnerable to increases in the price of oil. And with the demand for oil going up in countries like China and India, the problem is only getting worse,\" Obama said on Friday in his speech on fuel efficiency standards for cars and light-duty trucks location. \"The demand for oil is inexorably rising, far faster than supply. And that means prices will keep going up unless we do something about our own dependence on oil. That\'s the reality,\" he said. However, he added that there is no quick fix to the problem. \"There\'s no silver bullet here. But there are steps we can take now that will help us become more energy independent.\" \"So I\'ve laid out an energy strategy that would do that. \"In the short term, we need to increase safe and responsible oil production here at home to meet our current energy needs. And even those who are proponents of shifting away from fossil fuels have to acknowledge that we\'re not going to suddenly replace oil throughout the economy. We\'re going to need to produce all the oil we can,\" he said. He added, \"While we\'re at it, we need to get rid of, I think, the US$4 billion in subsidies we provide the oil and gas companies every year at a time when they\'re earning near-record profits and put that money toward clean energy research, which would really make a big difference.\" Obama further stated that in the long run they\'ll \"have to harness the potential of startups and clean energy companies across America.\" \"We\'ve set an aggressive target, and the companies here are stepping up to the plate. By 2025, the average fuel economy of their vehicles will nearly double, to almost 55 miles per gallon,\" Obama said. \"It means filling up your car every two weeks instead of filling it up every week. It will save a typical family more than US$8,000 in fuel costs over time. And consumers in this country as a whole will save almost US$2 trillion in fuel costs. That\'s trillion with a T,\" Obama said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

increasing oil demand in india china leading to price rise increasing oil demand in india china leading to price rise

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

increasing oil demand in india china leading to price rise increasing oil demand in india china leading to price rise

 



GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 23:58 2018 Sunday ,07 January

Egypt Copts mark Christmas Eve after bloody year

GMT 11:53 2011 Tuesday ,18 October

It\'s a scream

GMT 04:18 2013 Wednesday ,29 May

LG launches White Nexus 4 phone

GMT 08:41 2017 Friday ,06 January

Iraqi forces fight fierce clashes in Mosul

GMT 00:24 2017 Monday ,23 October

Five Saudi-paid mercenaries killed in Jawf

GMT 16:41 2012 Friday ,17 February

$6 trillion in fake US bonds seized

GMT 06:16 2013 Friday ,22 February

Facebook may improve memory in elderly

GMT 14:07 2012 Tuesday ,07 February

Qasemi: iranian sanctions ineffective

GMT 13:34 2011 Tuesday ,26 July

Deutsche Bank appoints Indian head

GMT 13:19 2016 Thursday ,20 October

Road to Pyeongchang begins

GMT 08:19 2015 Wednesday ,05 August

Kerry to meet Russia's Lavrov in Malaysia

GMT 21:29 2014 Monday ,27 October

Sunshine may slow weight gain, diabetes onset

GMT 11:07 2011 Friday ,08 July

Etihad unveils special A330-200

GMT 01:55 2016 Sunday ,26 June

Imperious Joshua retains world boxing title

GMT 01:02 2011 Saturday ,17 December

Kim Kardashian New Store In Las Vegas
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice