Friday, November 2, 2007

Oil prices and politics

On the cloud of tight global energy supplies and week US dollar makes oil price to follow the hike. That makes oil price to increase in Indian market too, but now comes the political gamble .The root of this gamble comes from forth coming election. The gamble makes oil companies (IOC, ONGC, RELIANCE) to cry and fool common people to make them feel government is with them. It certainly shows the lack of efficient bureaucrats and policy makers who are not able to convince people of the real reasons. It shows that our today’s leaders feel better to create false impression than educating people.

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