Surging Asian demand dominates world energy outlook

China and India took center stage as four forecasters described possible implications of their surging energy demand at a recent hearing of the Senate Energy and Natural Resources Committee.The implications could be significant if the two Asian countries strike more bilateral agreements with major oil- producing nations, suggested Frank A. Verrastro, a director and senior fellow in the Center for Strategic and International Studies energy program in Washington, DC.These arrangements are often secured "through the granting of foreign aid to the host governments," he said. "Moreover, political commitments between the representative governments—sometimes hidden, sometimes not—pre...

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