Daily Basket of News Commentary – Sep 26, 2018
Iran Oil Exports?
India might continue buying Iranian oil via a Rupee payment scheme. India consumes 4.7 Million bpd (approx. 5% of world oil production) and is expected to reach 10 million bpd in 2040. It is difficult to see India putting its economy in jeopardy and taking sides in an unrelated problem i.e. the US/Iran quarrel – especially since the Iranian oil is cheaper than the competition. Continue reading “Daily Basket of News Commentary – Sep 26, 2018”
COMMENTS: The many years of external and internal conflict in Iraq has resulted in impoverishment of the masses. Now, Basrah, the center of southern oil production is in turmoil as riots are spreading demanding jobs in the oil producing sector. So far one demonstrator has been shot by 
If you wish to buy a television set, and your country doesn’t manufacture TV’s, you need to first find the currency of the manufacturing country. The TV manufacturer wants to be paid in his currency with which he incurred his production costs, and his profit will be spent on his living expenses. The only way you can get his currency is if 
It Seems the oil producing countries are beginning to sweat. It finally dawned upon them that their oil revenues are in trouble, and turbulent, if not perilous, financial times are ahead. 
DAILY BASKET – NEWS COMMENTARY
OIL PRICE – WHERETO?