8. US and PRC Oil Demand
The New York Times (D. Sanger, "CHINA'S RISING NEED FOR OIL IS HIGH ON U.S. AGENDA," April 29, 2006) reported that the competition for access to oil is emerging high on the agenda for President Hu Jintao's visit to the White House this week. President Bush has called China's growing demand for oil one reason for rising prices, and has warned Beijing against trying to ''lock up'' global supplies. With crude oil selling for more than $70 a barrel and American motorists paying $3 a gallon for gasoline, American officials say the subject cannot be avoided at Thursday's meeting in the Oval Office, as it was sidestepped when Mr. Bush visited Beijing last fall.
www.nautilus.org/aesnet/2006/APR2606/NYT_Sanger.pdf
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