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"Asia already did contribute to a substantial import price decline, and we can expect that much more significant declines are on the way," said Richard Berner, chief economist at Mellon Bank in Pittsburgh.
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Only one possibility worried me: that the U.S would impose a substantial oil import fee.
The 2 percent drop took the Indian currency's decline since early May to 20 percent, raising worries about the impact it will have on the country's substantial import bills and on an already large current account deficit.
Banana and cocoa are also becoming substantial import items in several developing countries, a trend that should intensify in the coming decades.
In the occupational health setting, codes developed by international agencies have substantial import on protecting working populations from harm.
It is appealing to give substantial import to these metrics because some of them show levels of statistical significance that may not easily be dismissed.
Replacing diesel power generators in remote cell-phone towers and rural industries with small scale bio-mass would relieve the country of a substantial oil imports tab -- at a much lower price.
Encouraging the use of corn-based ethanol is one of the few federal auto policies that has had a substantial impact on reducing oil imports.
In a new joint report, the World Food Program and the Food and Agriculture Organization said that North Korea, even after substantial imports, would have a shortfall in staple crops — mostly rice, grains and soybeans — of more than half a million tons.
There is also a substantial difference between import and export functions for consumption goods: the number of inhabitants representative of import is replaced by the number of employees for the export.
As demand for natural gas soars, substantial imports of it will also be required, even though 90% of current consumption is met from domestic output.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com