Wednesday, May 23, 2012

The Petroleum Products Conspiracy in India....

  THIS link illustrates the whole point.
India imports about 75 to 80% of its Crude Oil requirements.The Bill is very huge and even adversely,affectes the CAD and BOP.The oil Cos cry hoarse of LOSSES due to HIGH Crude oil prices,and DEMAND hikes in Fuel prices.Yet neither the GOI nor the Oil Cos,have ever thought of reducing imports,based on the break-even price!How can this be possible?Nobody does business to lose.Then what can be the reason?
1.The Private players and THE ONLY MNC marketing Co in India dealing with petroleum products are the REAL beneficiaries,as they can make huge profits.
2.One big Global player has gone into PPP with HPCL and the refinery in Bhatinda started in April-May,2012.
3.The players mentioned above are highly influential and can "manipulate" events on Global level.
4.So what's happening is this:-
i.The USA and the West have de-industrialized for a long time concentrating mainly on Speculation,Military Industrial Complex, Pharma,GMO and Global Finance like lending....
ii.India,on the other hand has been converted into a "Production Centre" for the Globalists,mainly from the West,with the following benefits;-
a.Cheap labour
b.Water, power,raw-materials,Land[which will increase in value V time],etc provided by India.
c.As more and more Foreign Cos set up shops in India demand for petroleum products will increase due to increase in energy for running the Plants[Boiler etc], transport/logistics etc.THIS WILL INCREASE THE DEMAND FOR PETROLEUM PRODUCTS.
d.Many MNCs are auto-manufacturers
e.Banks offer Loans for purchase of vehicles.  
     The last two will again increase the DEMAND for Petro-Products.
     While the MNCs and Banks indulge in this,the third member of the Conspiracy will RAISE Crude prices,along with the OPEC cartel,by misusing Derivatives,by Speculation,which does NOT require,much efforts like running factories,which has been handed over to India. 
Montek Singh Ahuliwalia wants ,as per,report on 27/5/2012:-
i.Deregulation of Diesel,LPG and Kerosene
Comment:-This is to favour the private players and the MNCs.
   A regulator is required.Deregulation is like doing away with the Police and the Judiciary and appointing THE THIEF as the Adjudicator.
ii.Making prices of petroleum products in India equal to the Global ones.
  This is wrong as refining is done in India and is cheaper based on labour etc.
To be continued......

1 comment:

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