08-12-2005, 07:24 AM
OIL prices are hitting north and a country like India which is dependent upon imports to the extent of 75% will get hit tremendously.
<span style='font-size:14pt;line-height:100%'><b>Todays price $ 66 per barrel.</b></span>
INDIA'S IMPORT 1.5 MILLION BARRELS A DAY * 365 = 550 (547.5O M BARRELS PER YEAR)
$ 5 INCREASE PER BARREL HITS INDIA BY 550 * 5 = $ 2.750 BILLION
(Price Sensitivity per $ 5 Increase)
PRICES 2002 = $ 30 PER BARREL
TOTAL BURDEN ON INDIA'S ECONOMY = $ 19.8 BILLIONS OR $ 20 BILLION
OVER LAST 3 YEARS
INDIA'S FOREIGN EXCHANGE RESERVES $ 150 BILLION.
HOW MUCH PRICE RISE INDIA CAN TAKE....ARE WE MOVING TOWARDS ANOTHER OIL CRISIS OF 1970S........
<span style='font-size:14pt;line-height:100%'><b>Todays price $ 66 per barrel.</b></span>
INDIA'S IMPORT 1.5 MILLION BARRELS A DAY * 365 = 550 (547.5O M BARRELS PER YEAR)
$ 5 INCREASE PER BARREL HITS INDIA BY 550 * 5 = $ 2.750 BILLION
(Price Sensitivity per $ 5 Increase)
PRICES 2002 = $ 30 PER BARREL
TOTAL BURDEN ON INDIA'S ECONOMY = $ 19.8 BILLIONS OR $ 20 BILLION
OVER LAST 3 YEARS
INDIA'S FOREIGN EXCHANGE RESERVES $ 150 BILLION.
HOW MUCH PRICE RISE INDIA CAN TAKE....ARE WE MOVING TOWARDS ANOTHER OIL CRISIS OF 1970S........