Harish Palaniappan's

'Oil' is natural wealth.. one such like gold.. one such like silicon, .. one such like silver.

As you see them. they are all the costly commodities. People who trade in these items, especially oil have unanimous understanding of always increasing their prices.

A short analysis:

I live in chennai, india.. (Remember india is considered a poor country)
My friend lives in USA.. (USA is the worlds largest economy .. and a much developed country compared to india)

Chennai, india .. petrol today costs 47 rupees / litre. (its petrol here.. and measured in litres)

In USA, gasoline today costs approx 3$ / gallon (its gasoline here.. and measured in gallons)

1 gallon is approx. 2.8 litres.
1 USD is approx. 45 rupees.
Calculating we find that equivalent cost for fuel / litre in USA is 37 rupees

One more reason to ditch you patriotic feelings and go live in USA.. (because india is not going to grow.. and these politicians the 1000's of them will never allow that thing to happen even remotely)

Whose OIL are they selling :

Companies:
Oil comes from the ground under... nobody actually owns it, cultivates it, or protect or replenish it.
Its a natural resource. People just dig extract, refine and sell the oil. and for this the oil companies charge as if they cultivated the oil on their own.

Stock traders:
Anything that sells hot, and has huge potential to bring revenue by trading stocks, becomes stocks at the end of the day. Oil, gold, silver, .. y even pepper is traded in markets for huge sums of money much much more than the actual cost of manufacture or production.

Why? because people want to make money. Stock traders trade oil for huge money because it gives them more profit. These traders aka 'money mongers' dont care that raising the oil prices affects a lot of things.

Governments:
Especially we are talking about indian government here. Indian government is over staffed especially with politicians and high level managers (thanks to coalition politics). There are too many politicians today than there were in Jawaharlal Nehru's period. Reason is now politics is huge business. And its easy business.

Beg, beat, cheat ..do something and win elections.. : Raise the taxes on all highly consumed commodities like oil : Share the lockers of tax money that the government collects in the process .. within fellow politicians.

In India average tax on oil or petrol is more than 150% of the cost of oil...

Seems like that wasn't enough for the politicians in India today.. ... News: "Oil ministry in india is discussing increase in oil prices"... with whom ? Not with consumers.. (who cares!).. they are discussing with fellow politicians.. asking whether this much money is enough for everybody there.

India.. will be developing country. .for another 40 yrs.. why 40 years? Because that's when we can expect today's politicians to die.. they wont let this country grow out economically until they die for sure. That explains why the average age of indian politicians is above 60.