The game changer!

I know one month passed and not a single post came up. But its better late then never! Okay! All these posts are a part of my assignment. So as promised i'll talk about the 2nd half of the book 'Ha tel navacha itihas ahe' and something more about oil. The 2nd part clearly mentions that every economic up-down that happens in the world is because of Oil. The 2nd half also talks about how the oil industry in India developed. It talks about every upstream and downstream company, their initial stage, mergers, finding oil and gas in India. It was very much difficult to take out oil and gas from beneath the sea but ONGC did it. India has more gas than oil. We have to buy crude oil from the Arabian countries. All this is mentioned in the book. You really have to read it. Its a very interesting book. Okay talking about current status of oil, I just now read that the price of oil is $116 per barrel. The cost is continuously increasing because of the unrest in Libya, which is one of the major oil producing country and it will continue to rise till everything settles down. As the price of oil increases, the prices of gold and silver also rises and as Kuber sir has said in his book, this directly affects the economy of each and every country.
Oil is so required by each of us. For every thing we need oil. Kuber Sir says, the oil companies know this. So they gain huge profit out of it. Apart from the huge cost per barrel, they levy their charges as well. And hence the petrol and diesel rates are high.
Overall, oil is the game-changer and those who have it change the game!