US now bursts oil balloon on India
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. 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.