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US now blames India, China for high oil prices too
Published on Tue, May 06, 2008 at 09:29, Updated on Tue, May 06, 2008 at 17:58 in World section
Tags: Food Price, Oil Price , Washington
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Washington: Close on the heels of President George W Bush's remarks 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.
"There are a lot of different ways that we can reduce our dependence, but we have more to do and it's just — and also I would point out that, obviously, the demand for oil is growing around the world," White House Deputy Spokesman Scott Stanzel said in a briefing.
"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 responding to a question on the crude oil price crossing USD 120-mark.
The senior White House official stressed that it was important for the United States to become less dependent on foreign sources of energy.
Highlighting the need for "domestic exploration", he said, "We also have to do more in terms of building refineries. We haven't built refineries in about 30 years".
Stanzel also spoke regarding Bush's remarks, which have drawn a lot of flak from every section in India, saying the United States saw "higher living standards" of people there as a "good thing".
"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.
However, he apparently did not go back on Bush's point that Indian food habits were contributing to spiralling prices of commodities, which in turn, were worsening the global food crisis.
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Well said Shyam. We are loosing the basics of agriculture and production. And so the divide between the poor and
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1. Mr.Bush ask all Americans to learn how to drive a stick shift instead of driving auto transmission like 90%
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I'm surprised Dubya hasn't blamed Indians for rising gold prices...after all, Akshaya Tritiya is around the corner..can we expect another
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Solution is there with you President Bush!.Better stop all outsourcing useless jobs in the name BPOs/KPOs and ITs as here
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To say that it is the Indian middle class that is making the food prices go up is ridiculous to
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