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Future of oil prices

The question in the minds of many Indian politicians and national leaders is if the oil prices will still go up.

The Indian government will be worried because its stability depends on oil prices. The government wants to hike oil prices in the retail markets and the Left does not want oil prices to go up.

In the millennium chart, Saturn is neecha in the eighth house. Oil is related to Saturn. So the prices are bound to go up.

'Katradhu Tamizh' Ram's next
Diwali in Suburbs
Rajini Still In A Dilemma!
அஜீத் பேட்டி?
ராம் இயக்கத்தில் சேரன்?
கமல் பாராட்டிய டைட்டில்

Oil prices will further go up. It can reach even $ 65 per barrel before the year-end. There are bound to be fluctuations in mid-August. 

The Indian government will try to resist a fuel hike, due to Left pressures, and increase the oil prices in the margin of Rs 2-Rs 5. Kerosene and diesel will still run on subsidy.

In the long run, oil prices will shoot up further. Whatever strategy done by the OPEC or by the Western nations is bound to make the oil prices shoot up. But the Indian economy will not be affected as it has good dasa.

K B Gopalakrishnan

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Published on August 11th, 2005


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