THE BLACK GOLD(CRUDE OIL) PER BARREL COST FROM OPEC IS ABOUT 1/16 OF THE COST OF $135 WHICH ICE OF LONDON AND NYMEX OF NEWYORK RAISES BY AT LEAST 60% WHICH THE CRUDEOIL BUYERS PAY. BUT WHY SO MUCH PROFITEERING-ANSWERS IS THE WESTS NEED TO RECOVER SUBPRIME LANDING LOSES, TO RECOVER LOSES CAUSED BY DECLINING VALUES OF $ AND ? AS WELL AS TO FINANCE THE POST911 AND POST77 PROJECTS - THAT IS TO OVERALL CONTROL OF ALL MIDEAST OILFIELDS WHICH WILL THE DONE THROUGH IMPOSITION OF NUKEWAR IN MIDEAST WHICH EVEN ISREAL IS RELUCTANT TO BE PART OF WHICH JEWSARE USED BY THE WEST(UKUSA) FOR THEIR WORLD DOMINATION AND TO DECEMATE THE WORLD'S ALL CONTINANTS POPULACES BY 75% EXCEPT OFTHEIR OWNS OF DANGLOSEXONKINDS.
As business and consumers consider the implications for them of crude oil selling at US$135-plus per barrel, they should bear in mind that, at a conservative calculation, at least 60% of that price comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York Nymex futures exchanges and uncontrolled inter-bank or over-the-counter trading to avoid scrutiny (see Speculators knock OPEC off oil-price perch, Asia Times Online, May 6, 2008).
I've been a frequent viewer of the discussion board here on rediff. We all have some viewpoint or other on different topics/news posted here. Sometimes few threads are getting to personal and at the end reported abusive.
Most of the time we have been giving our view points, what we feel about that and not inclining towards exact solution to be given.
Instead of pointing finger to others, I personally think that we should see where we(individually) can help nation for that problem/topic. I want to start with me.
I feel Imports are the biggest losses to any nation. We do imports when we need something which we cannot produce and desperately rely on. Simple rule to be a rich.. be it a nation or an individual.. "Earn More and spend Less".
This topic is related to that "we are spending more", so I want to focus on how we can reduce the consumption of petrol and diesel.. and ultimately helping nation in some way.. Again this is what i can do: 1. Get a bicycle, Try to do max personal work on bike. I dont mind goin to office on bike if living nearby. 2. Encourage College/School students to opt for bicycles instead of motor cycles/scooters/cars 3. Encourage people to opt for Tanaga (Horse-cart)/ rickshaws, If there time permits.. This will def. be a better option than diesel/kerosene engines and environment friendly too
Every Individual (you & me) has to see how we can help our nation... and encourage/educate others who are aware of all this
