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07.06.2008 - Asian powers, US warn oil shock to hit global economy

The United States and Asia's four largest economic powers have voiced concern about the surging price of oil.

The Czech Republic news are represented by www.prague-hotel-hotels.com

Czech opposition head wants to ask Rice not to sign radar treaty ...
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NY tower plans found in rubbish ...
US Energy Secretary Samuel Bodman told reporters in the Japanese town of Aomori that the record oil prices were an economic shock. Following a meeting with his Japanese, Chinese, and South Korean counterparts, Bodman also warned oil producing countries that it would do them no good if the US took a major hit, because it remained a significant engine in the global economy. He was speaking a day after the price of oil posted its biggest one-day gain, climbing almost $11 to more than $138 pre barrel in New York trading.  


(Deutsche Welle)


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