Apr 22, 2009

EMs have the potential to raise Crude to $72 | 20 April 2009

Consumption trends in emerging markets are crucial for crude oil prices to move up further and the potential lies in leveraging the the 1.7 billion consumers who sit on an annual GDP per head of $5000 to $20,000 who might be eager to lap up washing machines, freezers, cars and a variety of durables thus increasing energy consumption and requirement

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1 comments:

Anonymous said...

Really? I dont think so. It will not reach that figure in the next 4 months