the oil prices keep soring contrary to the pacifying summer torrid and its quite hard to restrain oneself from having a haughty laugh looking at the agitating opposition party politicians with brains less than that of sameera reddy (at least in AP).
if we look at the prices of the crude oil in the international market they have almost doubled in a span of six months.
now coming to the stats:
During 2004 the price rose above $40, then $50. A series of events led the price to exceed $60 by August 11, 2005, briefly exceed $75 in the middle of 2006, rise steeply to $92/barrel by October 2007
. Throughout the first half of 2008, oil regularly reached record high prices. On February 29, 2008, oil prices peaked at $103.05 per barrel, and reached $110.20 on March 12, 2008, the sixth record in seven trading days. The most recent price per barrel maximum of $138.83 was reached on June 9, 2008.
though there has been a spike in the international oil prices the Indian government has increased the fuel prices nominally(comparatively).
common man needs to understand that 'for a fever to subside one needs to get a needle pricked onto his butt'.thats how an economy works.
if the opposition parties are so disparate and willing to work for the common man,they could have agitated against bush policies,they could have opposed the US war on Iraq,.which is one of the main reason for the demand supply mismatch which led to fuel spike.(the crude oil output fell from 3 billion gallons to 2 billion gallons due to war).but they never do that....
when was it the last time that you saw a politician working for a real social cause...???
enough politics 4 the day...
signing off,
Ritz.