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Friday, October 07, 2005

Rising Fuel Prices in India

Here a couple of cartoons that were in today's paper. First, yenjoy...then the arduous dialogue.


This one I thought was nice. Check this out for more information on LPG conversion. He he he. Check out the little dog. Cho chweeet!!! But wait, there's more...


This one was particularly interesting because it's a combination of Jug Suraiya and Ajit Ninan. Two guys with awesome senses of humor. Oh, "awesome" is a good thing. I love the gaunt looking bullock. And if they did make a "Manicar" I would probably be tempted to buy it...you know, to be idiotic if nothing else.

And now time for the articles. Oh, I mean I was looking up some information on the rising fuel prices in India, and I thought I'd share some of that with you guys.


Article 1

"In India, which imports about 75 percent of its crude oil, domestic fuel prices have risen less than one-third as fast as international prices, according to Hans Timmer, an economist at the World Bank; the government's failure to implement a system of market-determined prices caused state-owned refineries to lose $4.6 billion in 2004..."

Source: Blustein, P., & Timberg, C. (2005). High oil prices met with anger worldwide [Electronic version]. The Washington Post. Retrieved October 7, 2005, from http://www.washingtonpost.com/wp-dyn/content/article/2005/10/02/AR2005100201315_pf.html

Article 2

"In its statement it saw firm crude oil prices as a permanent feature, igniting talk the rupee may be allowed to rise to help offset imported inflation..."

Source: (2005). India may allow rupee to rise on inflation [Electronic version]. Daily Times. Retrieved October 7, 2005, from http://www.dailytimes.com.pk/default.asp?page=story_13-5-2005_pg5_14

Article 3

"The Minister for Petroleum and Natural Gas, Mani Shankar Aiyar, on his part, has already forwarded a note to the Cabinet on the issue of raising oil prices, as it has to be a "political" decision keeping the interests of the producers and the consumers in mind..."

Source: (2005). Rising global crude prices ring alarm bells for oil companies [Electronic version]. The Hindu. Retrieved October 7, 2005, from http://www.hindu.com/2005/08/10/stories/2005081001181300.htm

Article 4

"The government is keeping a close watch on the rising international crude oil prices, now crossing $ 56 per barrel, and the Cabinet would soon take a decision to raise the retail prices of petrol and diesel, said Petroleum Minister Mani Shankar Aiyar said here today..."

Source: (2005). IOC hikes aviation fuel price [Electronic version]. The Tribune. Retrieved October 7, 2005, from http://www.tribuneindia.com/2005/20050407/biz.htm#1

Article 5

"India must halt its frenzied acquisition of petroleum and gas from every part of the world and give priority to energy conservation and renewable sources, while strengthening the state oil sector..."

Source: Bidwai, P. (2005). India's indigestible oil gulp [Electronic version]. Frontline. Retrieved October 7, 2005, from http://www.frontlineonnet.com/fl2208/stories/20050422001810800.htm

Article 6

"As part of exercise to minimise the impact of ongoing spur in global crude oil prices the government is contemplating two-pronged approach to hike retail prices of petrol, diesel and LPG (cooking gas) and reduce duties on petroleum products, Petroleum Minister Mani Shankar Aiyar said here on Tuesday..."

Source: (2005). Centre plans twin attack to tackle rising oil prices [Electronic version]. Deccan Herald. Retrieved October 7, 2005, from http://www.deccanherald.com/deccanherald/aug242005/business175272005823.asp

Most of these articles are from a couple of months ago. But I think that says something about the state of affairs...basically, things seem NOT to have come along too well. Hmm. Well, I hope you liked the cartoons, and, possibly, the articles. If nothing else the color scheme was nice to look at, eh? Still, I can't be so anti-India, well, because I am hopeful that things will improve in the next couple of years. But, for some reason, I can't shake the feeling that it's all happening too slowly. Maybe it's just this city...the once awesome "Garden City". Well, tomorrow's another day. Peas on Earth and Good Will Hunting your sorry ass down.

Hope this helps with the Indian-newspaper-starvation DA. ;-)

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