The Economist, a weekly magazine of reference in London, published an article on August 27, 2005, entitled “The Oiloholics” (Oil+Alcohol), illustrated with a caricature showing the US’s Uncle Sam and a Chinese dragon, both drunk on crude oil.
Thus, the magazine tries to explain the rise in oil prices due to the enormous oil thirst of these two great powers that are treated similarly.
The reality is very different; China has 4.5 times more people than the United States and it consumes less than half the amount of oil. Those two nations do not drain the market, it is the United States that obstruct the development of the emerging countries.