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Showing posts from April, 2020

What Would Happen If Gulf Nations Stop Exporting Oil and Natural Gas to India?

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Recently, there is a growing hatred for Indians (particularly Hindus) in Middle-East Asia, as many fake social media posts are being circulated to inflame their people and Government to take verbal and physical actions against India (and Indians). One of the most direct way via which Middle East countries can hit India is to cut resources (oil and Natural Gas Supply) to India. This post focuses on the aftermaths if such a scenario takes place. At the present moment India (which imports 84% of its oil from Middle Eastern Countries majorly from Saudi Arabia and Iraq) and China are largest importers of crude oil in the world, hence the largest oil trading partners of Middle Eastern bloc. If the Middle East Countries take such a strong action, then India would have the following choices; India might cancel major trade agreements, RIL Aramco deal and MOU’s. The loss to Saudi will be industrial equivalent to adding insult to injury. Billions of dollars wavering at brink of loss ...

Dhruv Rathee: Idol of Lies

Dhruv Rathee was a simple activist who used to make Youtube videos or Facebook posts about religions, politics in India and abroad, his thoughts on liberalism and conservatism etc.In 2013–14 around when he made his Youtube Account, he had developed a liking towards AAP. He would then regularly post loads of social media content praising AAP and Kejriwal. However, he used to focus exclusively on this field at that time. He started making  Positive  youtube videos about AAP. However, I bet most of you may not even have heard about him at that time. Despite being active on Youtube since long and making regular videos, he was not getting regular views. He needed to create a niche audience for this to happen. It is a simple marketing strategy, after all, everybody does this. So he started making some videos in which he was being critical of Modi government instead of his usual AAP related videos. And incidentally, these videos took off and brought him an increased viewership al...

What Led Crude Oil Prices Fall Below $0 per Barrel

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"Suddenly, because people expected a barrel to trade at $3 and not minus $37.63, and deliberately because the world is still making sense of the virus unleashed by China that throws a new surprise with every new day." What is WTI? WTI resembles a trading benchmark price for crude oil.    A benchmark crude serves as a reference price for buyers and sellers of crude oil across the world. While Western Texas Intermediate (WTI), the one trading in the negative, happens to be one, the other two are Brent Blend and Dubai Crude. What is the reason, in short, for the declining oil prices? In an ideal scenario, there are buyers and sellers, but recently, the sellers outnumbered the buyers. Therefore, the oil that was selling at $17 in the first hour eventually went into negative till the end of the day. There are primarily three (3) reasons behind this; 1. F irst, the lockdown, that dented the demand for crude for refining. 2. The price war between Russia...