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Showing posts with the label Petrol

Petrodoller and Petroeuro

There was an article in Rediff.com on oil economy. The US economy has been always dependent on the OIL the world buys in petrodollars and its foreign policy dependent on the arms sales around the world. A handful American banks control the oil prices. The OPEC nations also have huge investments in these banks. Recently a middle east country invested hugely in Citi Bank. The OPEC countries also gain from the rising fuel prices. To break away from this strong hold, countries like Iran and Russia have come together to form a parallel petro exchange and petroeuro. It was Iraq who started converting its oil trade to Euro. This was the main reason for the American invasion of Iraq. Now America is behind Iran. But it wont be a easy cake as Iraq, as the government of Iran has the strong backing of its citizens. Moreover they have a stealth Russian support.

Beware of Petrol Pumps

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Picture this: You stop at a petrol pump to fill petrol. The attenders at the pump greet you, ask you to open the petrol tank cap, one asks how much, you say full tank. The other start filling the petrol. He soon stops filling the petrol and tell you its done. He says he has filled for 200Rs. When you say you had asked to fill more, everyone starts to yell at him as ask him to fill more. One of them asks you which card you have, will ask you to show the card, or will ask you if you have "XYZ" Card. He fills how much you had asked for and gives you a bill. He gives you the amount you had asked for + 200Rs which he had filled up on the first time. Just a confusion? Think again...You were just been duped... This is what had happened. When he starts filling the petrol for the second time, he wont reset the counter. You wont be able to notice that, because you are kept busy by other attendants who ask you all those silly questions... You would have paid 200 Rs extra which goes stra...