Dadagiri on Petrol and Diesel: These are running recovery games, know which countries are involved

Dadagiri on Petrol and Diesel: These are running recovery games, know which countries are involved

New Delhi: A handful of countries in the world are running a game of petrol-diesel and gas. The economy of these countries runs on crude oil and natural gas, so these countries make the world on their own. There is an organization of these countries named OPEC. OPEC, the Organization of Petroleum Exporting Countries, was formed so that oil prices could be negotiated and production should be kept in such a way that price control was maintained.

These countries are members of the organization

The OPEC organization has 13 member countries - Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates and Venezuela. America is also a very large oil producing country but it is not involved in the organization's fraud. Earlier Russia was also not in it, but now it has become an ally of this faction indirectly.

OPEC's Dadagiri came to the fore

OPEC's grandeur came to the fore during the 1973 Arab-Israeli War when Arab members of OPEC imposed oil restrictions against the US for helping Israel and halted oil supplies to the US. This move of 73 made the OPEC's weight forever. He had shown that he has a Brahmastra in the form of oil, in which everyone will have to bow down.

OPEC follows a strategy of pricing over volume, which means that the price will be fixed according to the amount of oil released. That is, more production means less price and less production means more price. In this system, its prices are linked to the production of oil.

Effect of oil restriction

The effect of the 1973 oil ban was that the seller had complete control over the oil market rather than the buyer. Seven Sisters controlled the oil market before 73. These were not sisters, but rather seven oil companies from western countries that operated most of the oil fields. After 1973, the balance of power leaned towards OPEC countries instead of these seven companies.

Later several events in the world helped OPEC maintain control over oil prices, including the disintegration of the Soviet Union. The breakup of the Soviet Union had many effects, for many years Russia's oil production was disrupted, the currencies of many countries were devalued and all of them had an impact on the demand for oil. But OPEC's countries continued to produce oil production at the same level, with no impact on the breakdown of the Soviet Union and its effects.

Rise of opac plus

In 2016, a new faction was formed in the oil producing countries which was named OPEC Plus. Poec Plus includes ten other oil exporting countries, such as Russia and Kazakhstan, in addition to OPEC members. Since there is no cheaper and accessible alternative to petroleum products, OPEC Plus continues to have an impact on oil prices.

When the demand for oil in the world decreases, then OPEC countries reduce their production quota, the result is that the oil reaches the market less and prices go up, so that the producing countries do no harm. Oil prices crashed during the Corona era itself as economic activities were halted, traffic was closed and economic recession came.

In such a situation, OPEC and their allies made a historic cut in oil production, but still the price of crude oil fell to the lowest level of twenty years.

Worst example venezuela

Venezuela has one of the worst examples of oil politics countries. This country is a member of OPEC and sells the cheapest oil in the world. As of today, L-liter petrol in Venezuela is 1 rupees 45 paise. But it is the condition of the economy of this country that buying a liter of petrol is also difficult.

However, the thing to understand is that with the production and price of petrol and diesel, the common man will not be able to compete. There is only one solution - take the option of petrol and diesel as quickly as possible. By doing this, blackmailing of oil can be got rid of.

Prince Harry did not fulfill the promise of marriage, the woman reached the Punjab court, know what happened then

Prince Harry did not fulfill the promise of marriage, the woman reached the Punjab court, know what happened then

National Desk: The Punjab and Haryana High Court shattered Palvinder Kaur's dream of marrying Prince Harry of Britain. A lawyer by profession, Palvinder Kaur herself appeared in the case to plead her case and demanded legal action, arrest warrant against Prince Harry for not fulfilling his promise to marry. Justice Arvind Singh Sangwan's court expressed sympathy for the female lawyer but dismissed her petition on 8 April.

The judge said, "After hearing the talk of the petitioner, I feel the impulse to marry Prince Harry rather than this petition." He even said that it might be said that Prince Harry is sitting in a cyber cafe in a village in Punjab. This alleged promise regarding marriage was made through an e-mail from a female lawyer. The petitioners are also confused about the names and have merged their name with the name of Kate Middleton, sister-in-law of Prince Harry. The female lawyer has called for action against Prince Harry Middleton, son of UK-based Prince Charles Middleton. 

The woman has requested the court to direct the British police to take action against Harry. He also demanded an arrest warrant against Prince Harry so that there would be no delay in his marriage. But all these arguments had no effect on the single bench. The judge said in his judgment, "This petition is very bad both from the point of view of grammar and knowledge of request and it refers to an email between the petitioner and Prince Harry, in which the said person promised to get married soon by sending an email." Have done The court asked the petitioner if she had gone to Britain, then she said that no she has not gone. The petitioner said that the conversation took place through social media and he has also sent a message to Prince Charles that he is engaged to his son. 

The judge said, "It is well known that frauds are opened on social media sites like Facebook, Twitter etc. and this court cannot rely on the veracity of such conversations." He said, there is every possibility that this so-called Prince Harry is sitting in a cyber cafe in the village of Punjab and is looking for good prospects for himself. The court said, "The court has not found any basis for taking cognizance of this petition and can only sympathize with the petitioner that he has accepted such fake conversation as true." Therefore, the petition is dismissed.