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Oil Prices

Hey fellas, dont you feel the Global Oil prices are too much volatile? I mean everybody talks about BSE Sensex, but what about these oil prices? In just three months the prices have come down from $150 per barrel to less than $50 per barrel. How can nations stop inflation if the prices rise again in the same amount of period? It really surprises me how Opac works. Do they just want to make profits, profits and profits? Dont they realize that one day the damn oil on which their whole economy is based on, is gonna end? If they keep behaving like this with other countries, I am not sure how those nations will react when a formidable non-conventional energy source is found. 

Comments

Nikhil said…
How can nations stop inflation if the prices again in the same amount of period?
what?? rise, fall or remain constant? You have a habit of eating words, don't you?
Siddhesh said…
Read it. Thank god I dont own a vehicle.
Siddhesh said…
Theoretically.. Its demand - supply ... practically.. its speculation...

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