AEPC poll: Executives view Chinese demand fueling oil prices

07/05/2004
Nearly half of the energy industry executives polled at the recent North American Energy & Power Conference in Boston said China's growing demand for energy is the primary stimulus of the recent rise in oil prices and the biggest issue now facing the energy industry."Chinese demand is going to keep energy prices high for the foreseeable future. But I think the results of the poll show that attendees are feeling that this issue and the resulting high energy prices will not kill the global economy," said Kurt Hallead, energy analyst at RBC Capital Markets, a division of Royal Bank of Canada, which organized the conference."The increasing energy demand around the world is providing the p...
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