China and India growth to fuel oil price for next decade

http://www.bloomberg.com/apps/news?pid=20601087&sid=acriLlCR3gbw&refer=home

David Cohen, director of Asian forecasting at Action Economics in Singapore, said the rise in the crude oil price ``was a recognition'' of the growing demand of emerging economies like China and India. 

``Those countries will continue with their development process and continue to outpace global growth,'' he said.