Petroleum Fuels is Big Business and the Big Oil is manipulating it.The Globalists, are a pack of wolves,trying to make mega-profits from the poor countries like India [and her poor people],though the standard of living here and the per capita and actual incomes of the poor,are very low.But they insist on International prices from people with local pays,perks and standards of living.
The so-called, QEs,STIMULI,tax concessions for FDI,SEZs,NMIZs,Currency Devaluations,etc are ALSO,SUBSIDIES.But this is conveniently,ignored,by the WTO,IMF and the World Bank.
The main culprits,are the Globalists, as mentioned earlier,and their puppets who are PLANTED as PMs and Presidents of nations,as mentioned below.
1.IMF and the World Bank
IMF Riots is good phrase to search for.
IMF and World Bank are,reported to bribe their way to DICTATORSHIP in nations like India.IMF and the World Bank have a hand in the scam called 'under-recoveries',as per reports on the net.
The "under-recoveries" claimed by the OMCs,were started ONLY in 2005.They do not have transparency,as:-
i)They do not mention,Break Even price for Crude Oil,for its refining.So, the basics themselves seem violated.
ii)They misuse landed cost for petroleum products,refined in India,as though they were imported.
Landed Cost is used only for imported products and NOT those produced by refining IN India.
iii)If there are losses,Crude oil import has to be REDUCED,as this is very logical and makes sound business, sense.This is never done and hence the claim, of losses, sounds hollow.
iv)India has over-capacity in Crude oil refining.Cap-ex is planned,by refiners, like BPCL etc.Capex,with losses are illogical and lies.Clearly there is profit,in refining Crude in India.
2.ICE started in about 2002.Like LBMA,in Gold,Silver and other Metals, they reportedly,manipulate the Crude prices.
Global Oil Scam is a good phrase to search for.
As per ADNOC,,the FAIR price of Crude now is below $100/bbl,as against the present $110+[as on 12/3/2013],due to LESS DEMAND.
The price of Crude is kept higher for the PRIMACY OF THE US Dollar.
3.Big Oil Cos,like Royal Dutch Shell[in India,it is Shell India,of the Rothschilds and Total,of France].
The New LNG policy,being proposed,is for the benefit of Shell India.The many hikes in petroleum Fuels also benefit not only Shell India,but others,like Mittal,and the private Indian players,also.
MNCs are expected to enter retail marketing in petroleum Fuels,after 51% FDI in Multibrand retail was allowed.The hikes,are, for their sake too,as their entry will be, after the hike is high enough, for them to make mega-profits.The regular proposed hikes in Diesel, by paise 45 per litre, is for their sake.It is worth remembering,that when the then Finance Minister, Shri Pranab Mukherjee and Kaushik Basu,were being questioned in the USA [or the Globalist Elites, Bilderbeg,Trilateral Commission,CFR etc],in April 2012,they were being ORDERED to get FDI in Multibrand retail and Diesel price hike,implemented,"TOGETHER" or simultaneously!!!
The massive and regular hikes i the prices of petroleum fuels,KEEPING the Rupee deliberately weak,to mainly benefit L.N.Mittal[PPP with HPCL Bhatinda refinery] and Oman oil Co[PPP with BPCL BINA Refinery],mainly and other private players the OMCs themselves,with tax gains for the State and Centre,were not only arrogant but was with utter disregard for ethics,reason and democratic values.
Please see the timeline of the following and one would appreciate my opinion:-
1.Petrol price deregulated 25th June,2010
2.BINA refinery with Oman Oil Co commissioned may 2011
3.Bhatinda refinery PPP with L.N.Mittal commissioned in 2012 April.
4.The Rupee starts weakening from about 2011 and reaches the nadir of about 68 to the US Dollar.
The above chart depicts the shocking picture[pun intended] clearly!
To be continued.....
The so-called, QEs,STIMULI,tax concessions for FDI,SEZs,NMIZs,Currency Devaluations,etc are ALSO,SUBSIDIES.But this is conveniently,ignored,by the WTO,IMF and the World Bank.
The main culprits,are the Globalists, as mentioned earlier,and their puppets who are PLANTED as PMs and Presidents of nations,as mentioned below.
1.IMF and the World Bank
IMF Riots is good phrase to search for.
IMF and World Bank are,reported to bribe their way to DICTATORSHIP in nations like India.IMF and the World Bank have a hand in the scam called 'under-recoveries',as per reports on the net.
The "under-recoveries" claimed by the OMCs,were started ONLY in 2005.They do not have transparency,as:-
i)They do not mention,Break Even price for Crude Oil,for its refining.So, the basics themselves seem violated.
ii)They misuse landed cost for petroleum products,refined in India,as though they were imported.
Landed Cost is used only for imported products and NOT those produced by refining IN India.
iii)If there are losses,Crude oil import has to be REDUCED,as this is very logical and makes sound business, sense.This is never done and hence the claim, of losses, sounds hollow.
iv)India has over-capacity in Crude oil refining.Cap-ex is planned,by refiners, like BPCL etc.Capex,with losses are illogical and lies.Clearly there is profit,in refining Crude in India.
2.ICE started in about 2002.Like LBMA,in Gold,Silver and other Metals, they reportedly,manipulate the Crude prices.
Global Oil Scam is a good phrase to search for.
As per ADNOC,,the FAIR price of Crude now is below $100/bbl,as against the present $110+[as on 12/3/2013],due to LESS DEMAND.
The price of Crude is kept higher for the PRIMACY OF THE US Dollar.
3.Big Oil Cos,like Royal Dutch Shell[in India,it is Shell India,of the Rothschilds and Total,of France].
The New LNG policy,being proposed,is for the benefit of Shell India.The many hikes in petroleum Fuels also benefit not only Shell India,but others,like Mittal,and the private Indian players,also.
MNCs are expected to enter retail marketing in petroleum Fuels,after 51% FDI in Multibrand retail was allowed.The hikes,are, for their sake too,as their entry will be, after the hike is high enough, for them to make mega-profits.The regular proposed hikes in Diesel, by paise 45 per litre, is for their sake.It is worth remembering,that when the then Finance Minister, Shri Pranab Mukherjee and Kaushik Basu,were being questioned in the USA [or the Globalist Elites, Bilderbeg,Trilateral Commission,CFR etc],in April 2012,they were being ORDERED to get FDI in Multibrand retail and Diesel price hike,implemented,"TOGETHER" or simultaneously!!!
The massive and regular hikes i the prices of petroleum fuels,KEEPING the Rupee deliberately weak,to mainly benefit L.N.Mittal[PPP with HPCL Bhatinda refinery] and Oman oil Co[PPP with BPCL BINA Refinery],mainly and other private players the OMCs themselves,with tax gains for the State and Centre,were not only arrogant but was with utter disregard for ethics,reason and democratic values.
Please see the timeline of the following and one would appreciate my opinion:-
1.Petrol price deregulated 25th June,2010
2.BINA refinery with Oman Oil Co commissioned may 2011
3.Bhatinda refinery PPP with L.N.Mittal commissioned in 2012 April.
4.The Rupee starts weakening from about 2011 and reaches the nadir of about 68 to the US Dollar.
To be continued.....
The ethanol situation is a moving target that bears watching says Shawn Bartholomae, CEO of Prodigy Oil and Gas Company in Irving, Texas. The financial impact on US citizens has not all been good, with the price of corn dramatically driving up the cost of beef, cereals, etc. The battle goes on as engine manufacturers say damage will be done to cars at higher level of ethanol mixed in with gasoline. Now it is even beginning to be a State vs. Federal legal battle. Where will it all end?
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