There is no use of crying about PM Mammohan Singh & UPA's intertest in signing the treaty.Actually the talks for a nuclear treaty between US and India had started immediately after Pokhran II but in a different name. Now Indian Government has no other options other than signing it & the main reason for signing it may not be energy crisis as highlighted. It is the persuasion from the side of US by various means. You can very well see the petrol prices started escalating only after Pokhran II. For all third world countries including India,US is the middle agent for supplying petrol & petroleum products. No OPEC countries are ready to supply oil directly to India,so we have to buy oil from US only of which the price is decided by them,Since we are importing 70% of our oil requirement we have no options left. Although the OPEC countries are producing and more oil than the market demand the price is on the rise,only because of US and the artificial scarcity generated by them. If UPA government dont sign IAEA the oil price will again increase and the govt will come down because of that.Either way Congress is left with one option dont sign- the govt will fall because of oil price ,Sign- the govt will fall because of left withdrawing the support. If UPA or the previous NDA govt had signed the treaty earlier then the petrol prices would not have rose this high.The petrol proce hike is nothing but the American method of persuasion,Even the NDA governmwent wouldnt have s
RE:USA's persusion techniques
by ranjith nambiar on Jul 12, 2008 09:58 PM Permalink
Only thing that Inia can do nw is to do R&D and ecome self sufficient in Energy. There is no other go.Our Govt has to sign treaty with IAEA,or we will land in more troubles like etrol price hike and others.
RE:USA's persusion techniques
by neel sanghvi on Jul 12, 2008 10:06 PM Permalink
ridiculous. basically all who says india has no other option but to sign IAEA are cowards and would like others to be same. there is no reason to sign IAEA at current conditions and with Hyde Act. government should have handled it better. this is definately current government's inability to protect india's interest. Mr. Singh is taking this personal instead of national issue and congress chief Sonia has two motives to support mr. Singh. First, she has no idea what is going on and hence she has to back PM in order to keep congress going. second, Rahul gandhi can only be introduced if Dr. Singh's popularity goes down. and hence for Sonia it is more personal rather than national interest as well.
RE:USA's persusion techniques
by sunil ananda on Jul 12, 2008 10:05 PM Permalink
its a wrong notion that theUS is supplying oil to India.India buys its reqmt from the oil market which includes long term contracts and spot buy rates.US does not figure anywhere in the sellers list.
RE:USA's persusion techniques
by All Right on Jul 12, 2008 10:04 PM Permalink
The facts are wrong. Petrol price did not increase after Pokhran II significantly. They did after the Iraq invasion, though soon after it slumped. It started raising after an Indian working for Goldman Sachs predicted that price of oil will rise to $100 in 2004. Soon a cartel led by Goldman Sachs that included financial biwigs like Morgan Stanley joined by hedge funds started investing in oil futures in largely unregulated commodity markets. Here unlike equity markets, forward positions could be taken as low as 6% margins. That means if a forward contract is taken, you need to provide only a margin of $6 for a position that values $100.
It is estimated that nearly $4-5 trillion dollars are invested in commodity markets. Despite Congressional investigations that conclusively proved the links of speculation, the Bush and Gordon Brown Administration refuses to ban speculation despite it causing global inflation.
RE:RE:USA's persusion techniques
by All Right on Jul 12, 2008 10:07 PM Permalink
Omar Abdullah, who was Minister of External Affairs during NDA in tonight's Big Fight confirmed that the NDA was negotiating a similar deal. He also confirmed what they got in the deal was substantially less than what the UPA got. Most importantly, he confirmed that the NDA was prepared to sign such a deal which is distinctly worse
RE:USA's persusion techniques
by binod pal on Jul 12, 2008 10:13 PM Permalink
You must visit UP and see that most of the cities there get electricity for only 10-12 hrs per day, so what can see said of the rural areas. So, don't you see that it is energy crisis or what. Most of states in India, now a days faces severe electricity problem. So, going for the deal is a good idea.
RE:RE:USA's persusion...
by Chivas Regal on Jul 12, 2008 10:16 PM Permalink
Even the hide acts in nuclear deal is not understandle by UPA, PM and Sonia too. USA thinks atleast 100 year advancer than India. If USA wants deal with India, the hidden act must be clear 1st. Even till date, USA doesnt recognise India as a Nuclear power?? this is the backdrop of the Nuclear deal. UPA is now telling that,goverment keeps Indian interest 1st, but he is keeping USA interest 1st. What ever in Nuclear deal is written is not clear, why not UPA government clear all the things to USA 1st, then it put in the Parliament. Without knowing anything how opposition will support?? We must know what is hidden act in deal and 1st clearfy. Now this is time of election..the price of all the things has become double and triple, Sensex is going down...UPA government is not taking any initiative to control the price and improve the situation of Sensex, only telling that Crude oil price has increased, and blla blla....To divert the mind of these things..UPA government is only talking about Nuclear deal..This is only politics of UPA and nothing more than that.
RE:USA's persusion techniques
by All Right on Jul 12, 2008 10:23 PM Permalink
Yes by next year, every time there is load shedding or a power breakdown, particularly in summer, people are going to curse Prakash Karat or LK Advani. The UPA should hold elections in summer
RE:USA's persusion techniques
by Gopal on Jul 13, 2008 12:17 AM Permalink
All these halla ballu is for the sake of 6800MW of nuclear energy by 2020. ie 3% of total. Energy starts flowing in 2020. At the present rate of inflation it will cost Rs20/- per unit. Taking into account the decommissioning corpus fund the cost will be Rs30-40 per unit. We have to import oil for major portion of our energy needs
