Sunday, June 15, 2008

And in other news....

  • The NY Times has joined the list of international newspapers to talk at length about Mukesh Ambani. India is always on the news nowadays and Ambani is never far from it. But what is interesting about the article is the specific elements that it talks about the rise of the Ambani name makes it clear that Mani Ratnam's film Guru is a clear look at Ambani's life, with the addition of some songs and romance (ofcourse!).

  • And no news day would be complete without a look at the surging oil and food prices. Ofcourse, such news would never be truly certified unless the following lines are included: ..rising demand from China and India.

  • The Group of 8 nations — Britain, Canada, France, Germany, Italy, Japan, Russia and the United States — are many of the world’s largest consumers of oil. But most have little say over production, and over drivers of oil prices like rising demand from China and India.

    Yes there is rising oil demand from China and India. I think every one gets that now as it cut and paste in every article about rising oil prices. But how many of those new vehicles on the Chinese and Indian roads are gas guzzling suv's, mini-vans and hummers? Let's see now. America and Canada sucks up oil for decades in wasteful vehicles but if other nations need the same oil for their tiny cars which can't ever go over speeds of 60 Km/hr because of congested roads, well the West does not like it. I suppose Daniel Plainview put it best:

    1 comment:

    Pacze Moj said...

    It's interesting how different countries want to measure consumption in different ways, too: either by population or GDP.

    Incidentally, I wonder how much oil is actually used for car fuels versus other uses(industry or just simply products we might not even think of as oil-related). I did some quick internet searches but couldn't find anything.

    If only Canada had a larger, more powerful army... we could horde our oil and clean water, and then hold the rest of the world hostage!