India: Oil prices to increase by 11%
Diezel goes up by 9%
Cooking gas goes up by 17%
The Indian Government is reported to fear that the price of oil may cost it the next election#main-fn1">1.
Such are the politics of petroleum. There is nothing it does not touch.
The 'rich countries' appear to have much more of a buffer than most of India, but their road transport and agriculture industries are already in trouble. It is well-known that starvation is never far away for many people in the tropical Asian countries, but less well-known is the large class of people living in precarity elsewhere, especially in the Anglophone countries.
In London around 10,000 finance workers have lost their jobs this year and it is anticipated that perhaps up to 40,000 will lose their jobs in the current months. (France2 8pm News, 21 May).
In "Job loss a sure road to skid row"#main-fn2">2 in the Herald Sun of Tuesday May 27, 2008, it was reported that a Citibank survey showed that, in Australia, "one in two workers would face financial ruin within four weeks of losing their jobs;… almost 20 per cent of workers would not last a week. Only one in four workers would be able to survive more than three months."
Some 'rich countries' don't know when to stop and part of their population is sliding ever so quickly into third world status. For instance, the Australian government has become a 'banana republic' massively endebted and engaged in energy-intensive infrastructure expansion programs everywhere. Under the behest of the Australian academy of Technology and Engineering Sciences, the Property Council of Australia, The Australian Population Institute, and its own state governments, all heavily peopled by big development lobbyists, Australia is trying to double its population as soon as possible, planning new megacities. For these 'programs' of infrastructure building and population increase, worker, business and family reunion immigration have been stepped up, and families receive baby bonuses for having children, just as though the days of cheap oil were just beginning, instead of in their twilight. Yet, as in the USA, evictions and personal debt are sky rocketing.
And really, what is three months security in a century of oil depletion? Who is safe? We all need more solidarity. France, so far, shows the best example.
Footnotes
#main-fn1" id="main-fn1">1. #main-fn1-txt">↑ Rhys Blakely, "India concedes in battle to keep oil price down", The Times, 6 Jun 08
#main-fn2" id="main-fn2">2. #main-fn2-txt">↑ Craig Binnie, "Job loss a sure road to skid row" in the Victorian Herald Sun(Australia) of 27 May 08
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