Now US blames India & China for oil price rise

After linking Indians’ food habits to rising global prices of commodities, the United States has now partly attributed the surge in oil futures to the increased demand in India and China.

“Many developing nations like India or China are having greatly increased demand, which obviously is having an impact on price,” the senior White House official said. “We think that it is a good thing that countries are developing; that more and more people have higher and higher standards of living,” he said.

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