how clueless can the finance minister of india be?
how idealess can the harvard educated high flying corporate darling be?
how visionless can the man from a prestigious chettinad family be?

as clueless as his idea of 'price band mechanism' idea. so our dear finance minister wants consuming countries (especially the oil guzzling countries like america and oil-subsidiy-for-the-rich countries like china and indai) to 'guarantee' a price range so that oil producing countries can supply at the same price.

vowww...the only finance minster in the world to propose socialism for oil trading!!!!

and the finance minster goes further to slam the speculators saying they are responsible for the huge price increase and he further goes into idealess territory as he mentions the demand for oil has not increased in last 12 months. does he not know that,

a. supply is so tight that demand outstrips supply on a daily basis by 1 to 2 million barrel
b. continuous disruptions in nigeria is adding to the misery
c. iraq just came to pre-invasion level in oil production
d. in spite of saudi's i-will-supply-2 million barrels-more-daily shouting, not even 10% of that 2 million extra has been pumped
e. huge subsidy in india and china making new car owners care a damn about gas sipping cars and on top of that without any policy at all to wean away from oil dependency.

compare this to britan's prime minister and american energy secretary both of whom pointed out correctly the supply side rather than the oft repeated speculative side.

but underneath of all the talk of our finance minister lies the brutal tragedy that inflation has gone to double digits!!! and this finance minster has ignored controlling inflation big time and his fiscal policies has been promoting fake development projects that make the wealthy more wealthy and the poor and middle class more poorer and this finance minister's own cabinet has been ruthlessly pushing policies such as SEZ's, ignoring lakhs of farmer suicides, the list is endless...

now our finance minister, like our prime minister who hides under the india america nuclear deal whenever he wants to divert attention, has the oil bogey man to complain.

i can tell this strongly. nobody can beat india's politician who can bluff their way on a daily basis throughout their political career. whether you are an educated politician or a local dada who became a big time politician, this bluffing keeps on coming on a daily basis.