TITLE

Power Flows to The Oil States

AUTHOR(S)
Walker, Norbert
PUB. DATE
April 2006
SOURCE
Newsweek (Pacific Edition);4/10/2006 (Pacific Edition), Vol. 147 Issue 15/16, p50
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article looks at the shift of global economic power and wealth toward countries that supply energy and raw materials. The major global oil exporters saw their oil revenues rise from less than $300 billion in 2002 to almost $700 billion in 2005, while the external accounts of oil-importing countries like the U.S. have deteriorated in that time period. According to the article, oil-importing countries need to come up with strategies for overcoming oil dependence.
ACCESSION #
20455990

 

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