Govind Ballabh Pant ji was clearly a man of many great qualities and public service to the nation. However, he was very traditional in his views of women. ...........The first day all went well and at dusk we reached the village where we were to spend the night. The villagers, always hospitable, insisted on supplementing the evening meal we had brought with us. Later, when it was time to retire, I found that the little village schoolhouse had been swept and cleaned and all our bedding rolls laid out side by side. For some reason I had expected a place of my own to sleep in. Seeing consternation on my face, which I could not hide, one of my colleagues explained gently that this was how it was going to be throughout the campaign, but I must not mind, they would all take care of me. .......Ranjit and I had agreed that we should phone each other whenever possible and give news of how our respective campaigns were progressing. I phoned the second evening. “Everything is going very well,” I ...
Comments
for one, if prices were artificially inflated, shouldn't that show up in decreasing consumption? i.e oil inventories should be higher because people start buying less oil.. that doesn't seem to be happening.
also the common view among a lot of people in the 'know' (by this i mean the extremely erudite cabdrivers in singapore who advise me on everything from property investments to whether or not to support Chiru's new party)is that oil price rise is mostly due to the loss in dollar value. Simply, it just costs a lot more dollars now to buy oil.
things go bad, everyone blames wall st. things are good, everyone blames wall st. bah!
Thus, I now have to believe the other theory that says significant part of the increase can be attributed to the downturn in US economy (led by mortgage crisis) which led fed to take steps that lowered the dollar value.
I guess the democratic primary contenders contributed significantly to this theory with their objective of sounding pro-poor, they never seemed to have talked on how much (according to their theory) would the oil prices come down if those speculators can be reined in. Also, the oil producers goal is to maximize the profit from the oil, it happens at optimal price, a price higher than this would lower demand significant enough resulting in lower overall profit.