sky is the limit
the economics of last half a century shows inclination towards this ideology. for a long time in my career, i have kept on justifying this ideology. with the ever expanding population & the ballooning wants of society, yeah! sky is the limit.
it seems sensible too with the increasing requirements, why not? an equally expanding money system, what is wrong?
the speed was matching, at least the figures matched.
we defied the most basic principle, pyramids don’t stand inverted.
Crisis & opportunity both walk hand in hand.
If the incrementing prices constitute a crisis for the balance of payment. There is an opportunity too.
first, the crisis. Can it be called a bubble?
The cost is increasing, but the prices can not be; the ripple effect, take any decision, is going to hurt the economy & it is expanding.
Recent confirmations come from the libyan conflict; decreased o/p did hike the price, but resumed (1/3rd, 6L b/d) production didn’t reduce the price.
Better wake up.
when we talk about increasing prices, have we decided till what level will we keep on matching? today $106; what if it increased to 125, how about 150, 175!
so what have the analysts suggested? keep on increasing until god comes in between and blesses another super giant field!
are we going to keep ourselves in illusion, until all hell breaks loose? are we counting on inflation to back us up? any confirmations that it will not back fire as it has done every where else!
we need to wake up.
it has proved to be the king. may whatever we say, oil is the fuel that drives the wheel. a commodity above all.
it is not hard to understand the condition, decision makers are stuck in. BOP is getting imbalanced; huge bills; they ought to.
but the question still persists, can the common man pay for it? answer still remains no! Those who are in favour of market based pricing, should look deeper into the crisis.
what do you think is the upper expected limit of oil price? how costly can oil get?
and yeah!
please! reduce the price of LPG again. before it strikes you back.
we are not an organization but are people, you are people. profitability with society in mind is what we are here for.
please! do not push the prices on people. way shall find her directions to you, but only if you act.
hi,
my yesterday’s post didn’t published. so, it will stay in drafts. had grand plans for the weekend.but wrote nothing, loneliness has her pros n cons.
the markets are still hesitant. so what happened, lost confidence?
there is a huge population down there, about whom most of us know not of, they are tossed & turned like straw. until they are actually integrated in the economy, you can’t dampen the bumps.
simple economics i guess -more the no of people, more the money exchanges hand.
High inflation arises out of a need for money . If you have enough -Inflation reduces(except-greed games).
Two ghosts
(1)Rupee going up;
#this sparks high energy bills;
this fueled by (2)High oil costs
#reduces rupee in the market.
So what is less?
Dollar or Rupee?
amazing!
Tell you what! Any country selling us oil is also suffering, They don’t need only dollars; they NEED to run their economy; they need money for their people.
Both got banks, both got markets. Crazy, I know! but had to say it.
a few thoughts which will rule next few posts
#’i wish to break the rule -input cost decides the consumption price’;
#people are more important;
#balancing the final sheets not the intermediate once;
#column for profit should show profit;
#market has importance because it can serve people;
#systems which do not serve the population are epidemic.
i will have to leave u all here. I will try best to post after midnight.
have a nice day ahead.
…apurva
may be, i sounded too (what ever u like). when you read the last post ‘possibilities’.
they are my own views, but i couldn’t think of better.
i won’t talk more about the oil bubble(now) because we consume less, and lot of us even don’t; but we need fuel, plus we need development and we can not pay in gold for it. And research community needs to try harder. 1/7 th of world population consuming less then 5% of total is the reason we are immune economically,
let us use it to our advantage.
what the real question of the hour is; -HOW to keep the end COST to user be kept low then the international price of oil, subsidy may not have been the correct answer, but bringing it to market price is also suscidal.
is the latter possible?
#we consume only 3.3m barrels of world’s 89m barrels/day consumption
#and oil is not the only fuel possible. I will leave you with that.
