With the skyrocketing oil prices heavily weighing on his mind, Prime Minister Manmohan Singh said on Wednesday that the quest for access to oil resources will become a major factor of power play in the world and the Chinese have moved far ahead.
"The world is not able to grapple with the crises that it faces... The demand is increasing faster than ever before
and the quest for access to the oil resources is going to become another major factor of power play in the world," he said addressing the IFS probationers in New Delhi.
Singh said the Chinese have been going around the world in Africa, in Latin America, investing, exploring and developing the natural resources