It is the MNCs who determine the international prices of oil and not demand and supply conditions or domestic factors! Their objective is maximization of profits and ultimate global domination. Any government which opposes them is immediately toppled and a more amenable government installed. The continuous rise in domestic oil, cooking gas, diesel ,kerosene and other petroleum products has been at the instance of MNCs. Isnt it strange that oil prices are lower in Srilanka,Bangladesh,Bhutan and Nepal as compared to India?Any increase in oil and oil products prices has an immediate effect on all other commodities. In all likelihood the oil prices will go up today because this government is only a puppet which is acting at the behest of the US and the MNCs.
India imports 50% of its oil requirements and oil imports are the largest constituent of our total imports. The Government has been deliberately pursuing a go-slow policy on domestic oil exploration and alternate sources of energy!India has tremendous potential in solar,hydel,wind,bio-gas and co-generation. However the Government is trying to promote nuclear energy because it wants to protect the interests of the MNCs. Even Germany has decided to phase out its nuclear power plants by 2020!
No comments:
Post a Comment