Thursday, February 18, 2016
Iran, oil prices and the Arab world ..
Having suffered all this while under a West imposed oil embargo, is it even remotely fair to expect Iran to cut it's crude oil output?
Let Iran flood the market with its high quality crude, causing a loss of share of other oil producing countries and subsequent crash in global oil prices.
It is but natural for the lazy Arab countries who have exploited since '72 unfairly the global energy boom and caused great hardship to the people of the world, now to suffer consequences of its ill-advised actions.
What one sows, so will he reap !
US and Canada are the world's largest oil producers as of now. Low oil prices, more than forcing the lazy oil shiek to spend less, will energise Indian and Chinese economy and trigger global growth..
After all, why should the world help Islamic State sympathisers from Saudi and Qatar murder more of their countrymen and destabilise that part of the world ?
Is it fair for Arab countries to expect other nations to be fair to them, when all along they have been unfair to the world for 40 years by jacking up prices ?
We are free to choose our paths, but we can't choose the consequences that come with them. - Sean Covey
If economies collapse, if people lose jobs, if global power equations get rewritten, so be it ! After 9/11, US has learnt it the hard way and in seven years have rewritten geopolitical equations ..
Human selfish designs are the cause of all pain and suffering on planet earth. But we humans never learn ..
The 2002-2016 NASA and German Aerospace Center joint collaboration project, GRACE Mission (Gravity Recovery and Climate Experiment) has f...
My popular posts over the last month ..
These malayalam proverbs (invaluable diamonds of wisdom) have been collected from eyyal.blogspot.com and other sources on the Intern...
Japanese have named their top quality prize after Deming, Deming Prize Deming is one of greatest quality and process thinkers ...
Boeing 787, Dreamliner .. Carbon composites materials make it economical for capex and opex .. Supply Chain Management is not only con...
PC Mustafa is an ordinary village boy from Chennalodu village in Wayanad, Kerala, India. But he had a definite aim in life, to achi...
General Motors , over a century of operations around the world .. After India's attraction as a manufacturing hub for some of th...
Chinese fishing nets at Fort Kochi Most tourists agree with National Geographic Traveler "10 top places of the world to visit...
These are photographs of North Kerala,(Malabar region ) taken by missionaries from Basel Mission around 1892 - 1930. The original title a...