quote:Originally posted by Purl Gurl: "...India has a whopping 300M middle class populance...."
You are right, as always. India is an extremely wealthy nation.
I lied. I am a paid basher. Turn me into the SEC.
Purl Gurl
lets hear facts purl.. instead of ignorant at best comments like "A majority of the Indian populace cannot afford to buy oil products and have no need for oil products, unless their oxen are running on high octane."
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
RM. do you need to keep re-posting other peoples posts? it just takes up more space... forces people to scroll...
i don't really see your points.... 300 million people is 30% of Indias populace, therefore a majority of people there are not middle class.... furthermore? middle class in India is not the same thing as middle class in America (yet anyway)...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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glass.. mere statement that india doesnt need gas products since people cannot afford it is at best ludicrous IMO. majority of indian populance are middle class. there are four instead of three triations in india. first there is high class, where people are insanely rich. indian cities are 20% filled with those kind of people. second are urban middle class. these are people who can afford decent car, house etc. and have good earnings, savings, and have good education. third is middle class, where people use public/private transport, have jobs, work hard, have decent education, can afford luxury once in a while like festivals, etc. fourth is the population which needs largest support from india government and where indias 50% of investment goes, and thats very well deserved. that is low class, where children are forced into child labour, etc. etc. those are the downtrodden people for whom umpty number of oppurtunities are raising, and lot of effort is being made to uplift them. and yes they too use oil products like kerosene, gas for cooking etc.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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quote:Originally posted by The Bigfoot: [QB] Published: June 14, 2006
[QUOTE] MUMBAI, India The Indian government tried Wednesday to calm public outrage over its decision to raise fuel prices as truckers stayed off highways in protest and demonstrators burned an effigy of the finance minister.
quote: flyingarrow - May 28, 2006 04:59 PM (GMT)
Hi,
I think Gas averages about Rs 50/ liter in India and i think it is higher than any other place on earth.
I think my post was deleted because of length. ok.. let me put it this way. in 2000, the price of 1 ltr ofpetrol was rs. 40 in india. in 2005, it was increased to rs. 50. now talks are it would be increased to rs. 60. thats a whopping 50% increase. someone is protesting.. looks like people dont like it .. they are protesting. ateast someone is protesting for 100% ncrease in fuel prices in india.. now compare that with % increase in gas price in USA.. a whopping 300% increase? about time someone raises voice???
[ June 18, 2006, 13:41: Message edited by: ruskin_muskin ]
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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India consumes oil. Lots and lots of oil. Since a lot of the billion people over there are poor, that is all the reason to increase the supply of it (helps keep the price down). That anyone is saying that India does not need oil is ludicrous. They are facing an oil crunch just like every other country.
India was the 9th largest consumer of oil in 2003. They are richer now than they were in 2003 and they are getting richer which means much much more oil consumption.
You will not get anything significant done in Russia without connections. No, its not a de facto free market with regards to energy supplies in Russia. Natuarl gas producers cannot (or soon will not) be able to export their gas as only the major state owned company will. http://archive.gulfnews.com/articles/06/06/17/10047450.html
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"That anyone is saying that India does not need oil is ludicrous...."
I cannot find anyone writing India does not need oil. Point me to a reference, please.
I did read someone indicating India oil companies are in this only for profit, not for the good of India, itself. I also read an example of British Petroleum being a major oil producer but selling little of its oil to the British.
Another read indicates the minority in India who are buying oil products are near civil unrest because they cannot afford the prices.
Other reading discloses companies selling oil products in India do so at a significant loss.
Strikes me a vast majority of the India populace simply cannot afford oil products and those who can, actually cannot along with oil companies not being able to afford to sell oil in India.
Seems pretty good circumstances for India oil companies to sell oil, elsewhere.
Perhaps it is you are twisting the words of another, twisting context, to fit your own personal agenda?
Another read indicates the minority in India who are buying oil products are near civil unrest because they cannot afford the prices.
Other reading discloses companies selling oil products in India do so at a significant loss. Purl Gurl
protest against a policy of government is a right of democracy and if you clasify it as "civil unrest".. then yes india is protesting because their oil prices have been increased 100% over past 7 years, and they are exercising their rights.
companies selling oil in india are indian government, not private oil companies making billions od $$$ profits.. indian government which collects taxes of indian people.. so they better be cautious as to when they do whopping price increases which an ordinary man cannot afford.. because its governments job to work for betterment of economy as a whole..not just people who can afford gas at those significantly high prices.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Russina oil plays are riskier than most pink plays.. Russian independent gas producers and oil firms have long lost any hope of exporting gas independently and say they only want Gazprom, which controls all trunk pipelines in Russia, to give them easier access to domestic users. see bottom of page.... here:
posted
Purl as I am sure you know that "law"has only passed first reading in the lower parliment, it has to pass two more readings ,then on to the upper parliment , then on to Putin. Memy
-------------------- The Chinese use the same symbol for disaster and opportunity.
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quote:Originally posted by glassman: as i stated in one of my first posts here?
Russina oil plays are riskier than most pink plays.. Russian independent gas producers and oil firms have long lost any hope of exporting gas independently and say they only want Gazprom, which controls all trunk pipelines in Russia, to give them easier access to domestic users. see bottom of page.... here:
read it when you had posted it a while ago glass..however the issue they were refering to here was gas supply to europe amidst ukranian supply issue.. its no way related to ndol/nwog!!!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Thanks, everything is great actually.. wife just gave birth to our first kid a couple weeks ago, so we're all quite tired around here.. but happy.
-------------------- Spend word for word with me and I shall make your wit bankrupt
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"as I am sure you know that "law" has only passed first reading in the lower parliment, it has to pass two more readings ,then on to the upper parliment , then on to Putin."
Seems to me if Putin wants a law passed, it is passed. If Putin says, "Turn off the European pilot light," it is turned off.
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