India joins China in stepped-up thirst for oil

India has joined China in a ravenous thirst for oil that now has the world’s two most populous nations bidding up energy prices and racing against each other and against global energy companies in an increasingly urgent grab for oil and natural gas fields around the world.
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Energy economists in the West admire the industrial success of both China and India. But they worry about the effect on energy supplies as the two countries, with 37 percent of the world’s population, rush to catch up with Europe, the United States and Japan. And environmentalists fret about the impact on global warming from burning more fossil fuels.
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