THOUGH THE U.S. is still the world's leading oil consumer, its might in the global petroleum business is dwindling.Developing countries are locking up a bigger share of the world's oil and gas resources to profit from high prices and fuel industrial growth. Some experts view the shift as an emerging threat to the U.
July 10, 2007 at 12:00 AM
1 minute read
THOUGH THE U.S. is still the world’s leading oil consumer, its might in the global petroleum business is dwindling.
Developing countries are locking up a bigger share of the world’s oil and gas resources to profit from high prices and fuel industrial growth. Some experts view the shift as an emerging threat to the U.S. economy, while others see benefits for consumers, saying an expanding list of suppliers diminishes the impact of any single disruption.
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