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impact of Libiya on world ?

Created by : Abhishek Gupta, Director , Skills Factory  | 02 24 2011 09:55:17 +0000
Industry : Oil & GasFunctional Area : Global Business(Strategy & Execution)
Keywords : impact of libiya on world ?
Activity:  132 views;  last activity : 03 04 2011 17:45:45 +0000
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petrol price up-- inflation up- Purchase power down Vs all is well
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I smell somethings is wrong going on ..because we are importing 70 percent of our oil need from outside india,this is one thing.It means we have to depend on other countries for our energy security needs.Second sthing is that libya is worlds thirs largest oil producing country in world. also it is having worlds most of oil fields and reserves.Also due to internal crisis in libya oil produciton has came to halt in many regions of libya and reflection to this crude oil prices in global market has touched to aboce 100 dollars. at the same time why petrol prices have not gone much higher in india comparatively to international market because we do have susidy bill backed by center on petrolle'um oproducts,it is only govt which is givingits subsidy.but due to this susidy bill govt will spends less on agri..,infra,power,edu..this will affect overall economy.which woll leads to inflataion and depreciation of indian rupee.
By Raju Prasad, Methods Engineer/Operational Excellence ,ITT India Corporation Pvt. Ltd.  | 03 04 2011 17:45:44 +0000
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Stop blaming uncle sam, some states of India charge as much as 40% tax on petrol. Mr petrolium minister says that Indian prices are = to global prices but someone remind him that in Europe petrol sells for 56 rs/ltr i.e 98 octane and we get third world 91 octane for 63 rs/ltr
By Sarabjeet Singh Johar, BMS student, Mumbai University  | 03 04 2011 11:13:57 +0000
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AS per economic times 4th March, There is a gap of Rs 11 in market price and cost of Diesel, last time price was revised when it was $76 barrel
By Abhishek Gupta, Director , Skills Factory  | 03 04 2011 05:45:45 +0000
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As we see the things on TV things are not well at all in Libiya. Situation is gng worse and worse because of the dictatorship of just a single person.
By anuradha , Education Coordinator, A to Z Technologies  | 03 03 2011 14:39:19 +0000
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dear sri, wish ur words are true but Govt is saying something else, keep reading news paper
By Abhishek Gupta, Director , Skills Factory  | 03 03 2011 13:20:54 +0000
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Resonance of this uprising would be felt in the entire Arab regions in the near future! India, in particular, should learn to conserve petroleum resources. A tough regulation on the usage of vehicles, etc. should be brought about in order to contain this aftermath effect. Every time inflation in petroleum products would have a cascading effect on the other essential commodities. Prudence is required. Pooling of vehicles, recommend usage of public transport wherever possible, etc. should be followed!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 03 03 2011 12:13:23 +0000
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hello world- dont u have view or this wont hit u ??
By Abhishek Gupta, Director , Skills Factory  | 02 26 2011 11:58:22 +0000
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Indian equity benchmarks slaughtered in the afternoon trade - the Nifty slipped below the 5300-mark - on spike up in crude oil prices above USD 101/barrel at 13:40 hours, tracking rising worries in Libya, which could spread to other major Middle East producers including top oil exporter Saudi Arabia.
By Abhishek Gupta, Director , Skills Factory  | 02 24 2011 09:55:17 +0000
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All is well. Don't worry , Be Happy, as uncle Sam will take care of everything, including hike in petrol price also.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 03 03 2011 12:05:50 +0000
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A positive approach "All is well""All is well""All is well""All is well"
By Ravanam naga durgesh, Junior engineer, Ericsson  | 02 28 2011 13:11:11 +0000
Argue for "petrol price up-- inflation up- Purchase power down"
Argue for "all is well"
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