Page..36.

Politics of oil-prices. 

------------------------------------------------------

"People get the Government, they deserve." = Winston Churchill in 1946.

-----------------------------------------------------

One barrel of crude-oil weighs 42 gallons(140 Kgs) of crude oil. Recovery of petrol is about

21 gallons( 69.lts) in a barrel of crude-oil. There are other bye-products like napthelene,

bitumen tar asphalt. They are taken into other usage. Nothing is lost except evaporation-loss.

Prosperity and Progress of China is today due to its domestic finds of crude oil in China.

China has turned out to be an important oil producing country in the world market. Russia

had lagged behind in its oil production after l992. The soaring oil prices has helped it to old high

standard in Russia from 1998 and onwards. Olden days of prosperity have returned in Russia.

It is only, unfortunate,unlucky, India, that does not see golden days of its glory. History will

never pardon the present day lot for mismanagement.

It is no idle threat. The price of one barrel of crude oil will hit US $ 130 by the end of year 2008.

The present price of $ 100 a barrel is felt awesome by many. This is the beginning. More is yet to come. The UNO and its Secretary Mr. Moon has to take initiative to boycot oil producing countries. Here lies the test of diplomacy. Is there no way out to snub their nose?