1. Crude oil price has shot-up from about $18 to $100 in the last few years. In India petrol price has gone-up to Rs.55 and still may go-up soon. The biggest guzzler of oil is the US - has the price of gasoline gone-up so much there ?. If not, how do they manage the cost escalatioin ?.
2. Who is behind this crude oil price hikes ?. Where the money is going?. Its not opec alone who gets the moolah. Consumption of oil definately has not gone-up by 5 or 6 times in a couple of years, nor the availability has come down. Then what is the reason for the surge in prices ? Why nobody gives the real reason and tells the world who is behind it ?...
RE:what does it all mean ?.
by Priyadarshan on Jan 11, 2008 12:02 PM Permalink
this time petrol price will touch around 60/- Name any one of commie leader who is reaching in parliament by foot so that others may follow him as a role model. Words and deeds should not be different.
RE:what does it all mean ?.
by loler Chicken on Jan 11, 2008 01:02 PM Permalink
nigeria is big oil producer, iran is another one.... but both are in trouble currently... so oil prices are going up... apart from tht the demand from third world countries and developing countries is drastically increasing... which is another reason for high crude oil prices...
