It seems that the oil crisis is getting at the nerve of many Americans. The U.S. has asked that China, the second major consumption of energy after United States to join the International Energy Agency, which was set up after the oil shocks of the 1970s to help developed countries manage emergency oil supplies.
The International Energy Agency (IEA) is currently made up of the world's richest nations and China participation is hope to bring relief in the current global oil price soaring.
Chinese officials confirmed the news and was showing interests to join IEA but concerned since the group is part of the Organization for Economic Cooperation and Development, which includes most of the world's richest countries which vow to an open market economy and democratic pluralism, a concern to Communist China.
The International Energy Agency (IEA) is currently made up of the world's richest nations and China participation is hope to bring relief in the current global oil price soaring.
Chinese officials confirmed the news and was showing interests to join IEA but concerned since the group is part of the Organization for Economic Cooperation and Development, which includes most of the world's richest countries which vow to an open market economy and democratic pluralism, a concern to Communist China.
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