Tag Archives: opec

Oily Business

There are several economic and political theories behind the falling oil price. Technically it is a story of supply and demand.
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Oil’s Twelve

It is ironical that 10 out of 12 Oil exporting countries that relentlessly facilitate growth, progress and prosperity to the world are in turmoil and utter poverty. ‘A steady income to producers’ – this mission is far from being accomplished. Today, Oil exporting countries have unusually high poverty rates, poor health care, high rates of child mortality, and poor educational performance
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Know the drill

The way one cannot survive without air, food and water, one can barely survive without Oil. Oil has become a basic necessity of today’s world. Oil has innumerable uses and it the most sought after commodity. In order to keep the lamp burning we have to put oil in it.
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