India - Crude shock: Fuel rationing may have to be formalised

[phantom power]

Rationing of petrol and diesel, already a de facto reality in many of the city’s petrol pumps, may well become a way of life if the authorities get emboldened to come clean on the prevailing fuel situation, which has been plaguing the city for a month now. Pune Petrol Dealers’ Association president Babasaheb Dhumal said that such a situation may come to pass soon as there is already a 25 per cent shortfall of petrol supplies while diesel supplies are down 50 per cent. “We have been told that oil companies have cut down on purchases with the rising crude oil prices and rationing of fuel is, therefore, bound to come into effect,” he explained.

http://www.expressindia.com/latest-news/Crude-shock-Fuel-rationing-may-have-to-be-formalised/334208/

[Dogmudgeon]

1. Rationing. It's What's For Dinner.

Food rationing is next. Soon. Real soon.

--p!

[NJmaverick]

2. This part is telling

"We have been told that oil companies have cut down on purchases with the rising crude oil prices "


So world wide demand is down, why are prices still high??????

[AndyTiedye]

3. Because the Mad Cowboys Are Preparing to Start Another War

which will take much of the world's oil off the market for a long time, if not forever.

[NickB79]

7. Worldwide demand is still rising by 0.9%/year, but in the countries that can afford it

The poorer nations on earth, they just get squeezed out of the market and richer nations like the China and the Middle East gobble up the extra with their booming economies. Thus, they keep the overall worldwide demand high, despite the falling demand in some other nations.

[Strelnikov_]

9. IOW, Rationing By Price n/t

[pscot]

4. We'll all be rationing

sooner than we think.

[Strelnikov_]

10. Yep. And thats when the shit hits the fan over here in Pigsknuckle n/t

[One_Life_To_Give]

5. Subsidized fuel

And a government that is questioning if it can continue to do so. $60Billion worth of subsidy estimated this year.

[excess_3]

6. simple solution ... charge world price n/t

[NickB79]

8. Everyone knows that fuel rationing and shortages only matter if they're in the US, silly

Who cares if dozens of nations around the world are running out of fuel. The market is simply reducing the excess supply :silly: