WINNING STROKES: THINK DIFFERENT:

Oil prices fell more than $1 a Barrel. Oil prices back off from record in previous session, trading thin as US markets closed:

Just recollect, what I had written a couple of days back in this blog in this connection:

The "Crude Oil Bubble is about to Burst at the Seams now", with no vitual demand pull, as mentioned by the Saudi Oil minister, Mr.Ali Naimi few days back in Madrid. He said 60% of the price rise in Crude Oil is due to Speculation and Weak dollar.

But look how the vested interest groups wrote millions of lines on this "Utopian-Huge-Scarcity" in the media. NDTV Profit even carried a "damp-squib" Reality show comprising of "Rickety Brained Experts" especially the lady, who said was touted to belong to some "Research foundation". The way she went on the crude oil crisis, looked to me as if she is either a misnomer in this field and has very limited understanding of the Crude Oil market world-wide or had come to the show without any preparation.

These days it is easy to open a research foundation on anything because of the lure of huge underhand NGO funding....". While I respect what Dr.Sunita Narain did on Pepsi and Coke, but at the same time I failed to understand why she and her NGO, never thought of doing any research on the artificial/contaminated milk we get everyday. Adulterated milk as we all known can be made from detergents/Urea and is Carcinogenic (any substance or agent that tends to produce Cancer).

Some of the safer brands are Amul, Nestle, Vijaya Diary and Mother Dairy. It is easy to tamper with milk sold in plastic bags. People use syringes to take the milk out and inject water in these packs. You should be able to differentiate between artificial and contaminated milk. Artificial milk is made from adulterants like urea and detergents. Where as, contaminated milk contains pesticides, harmful bacteria and other microbes passed on from the milch animal.

Anyway, that interactive show on NDTV Profit, without any question was not only sub-standard but also out of the track most of the time. Shivnath Thukral should do more research before going for such interactive programmes and his choice of experts should in tune with the theme of the Programme.

Another thing: NDTV Profits should get out of the bad habit of calling Sobha De/Tavlin Singh on every interactive show. The less we see these two jokers, the better it will be for the viewers.

The fomer was once dubbed by the reputed Bengali Daily from Kolkata, "The Anada Bazar Patrika" (who partly owns the Star News), as "Sex-De" (for Sobha De).....

The same thing happened in Karan Thapar show, where FM, Mr.P Chidambarm humilated the host by saying Bengali, Oriya, Punjabi, Telegu, etc. are also National Language along with Hindi while Karan looked on, with a "Gaping Mouth". This is what happens when you go all-out on the subjects in which you have least knowledge or try to interview a "Harvard Educated Indian" without proper preparation/research.

I fear most of the Indians do not know that "Hindi" which is focussed most of the time as the National Language is only a "link Language" and is one of the National Languages India has. What I want to mean is that Marathi is as good a National Language as Malayalam or Gujarati or Tamil or Hindi.......

I have never liked Karan Thapar, because most of the time he "bites more than he can chew".

Some months back we saw a similar poor interview of Mr. P. Chidambaram by Mr.Raghav Behl on CNBC TV18. It was no comparison to what Dr.Prannoy Roy took on NDTV Profit after the Union Budget. Gold is always gold and brass cannot be made gold, how much one gives it shine.

In a similar fashion Mr.Prabhu Chawla (or Ms Barkha Dutt, though she is famous for getting awards or create sensation. These days awards can be bought from the International Bodies, except few.....though there are always controversies associated with any international award starting from Booker Prize to Noble Prize...) cannot be Mr.Vir Sanghvi or Mr.Dileep Padgaonkar or Mr.Swapan Das Gupta, how much he tried in his "Seedhi Baath":

Meanwhile, the International Crude Oil Prices are about to crash to $110 per barrel within a very short time triggering a world wide rally in the emerging markets.

The Situation will become far more worse for "Crude Oil Bulls", as the Iraqi Oil starts to flow out of Iraq, in a more menacing pace. It is to be noted that many Crude Oil Fields in Iraq were destroyed by the retreating army of the former dictator Saddam Husssain, after their ignominious defeat in the hands of Coalition Forces led by the US army. Renovating works of the destroyed Crude Oil Fields, are going on, since the new regime took charge of the Administration of Iraq. This will further pull down, the Crude Oil prices to below $100 per barrel by the end of this year (CY08).

It seems that many "Crude Oil Bulls" exited the Futures market after the introduction of new margin rules in Nymex---short covering was seen a couple of days back, which I mentioned in this blog:

Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer. Iran on Friday gave an undisclosed response to an international offer of economic and other incentives if it suspends a central part of its nuclear program. Iran's ambassador to Belgium presented the response to European Union foreign policy chief Javier Solana in Brussels, Iranian state TV reported. By late afternoon in New York, light, sweet crude for August delivery fell $1.04 to $144.25 a barrel in electronic trading on the New York Mercantile Exchange. There was no floor trading Friday in New York because of the July Fourth holiday. Crude futures reached a record high of $145.85 in New York on Thursday before settling at a record close of $145.29 a barrel. Trading volumes were lower than usual. In London, Brent crude futures fell $1.15 to $144.93 a barrel on the ICE Futures exchange. Oil prices have risen more than 50 percent so far this year. Suggestions by Saudi Arabia's oil minister that his country doesn't plan to boost production helped bolster prices earlier in the session. Saudi Arabian Oil Minister Ali Naimi said Thursday in Madrid that the world's biggest oil exporter had no immediate plans to boost crude output because there was no need to do so. Naimi said Saudi Arabia is ready to raise production if the kingdom determines supply-and-demand fundamentals have changed. But for now, "all our buyers are satisfied and happy," he said. Gains by the dollar Thursday against the euro helped keep oil prices from rising further. The greenback strengthened after the European Central Bank raised its benchmark interest rate an expected quarter point but signaled it didn't expect additional rate hikes that might further boost the euro. On Friday, the dollar was mixed. The euro slipped to $1.5679 from $1.5699 on Thursday while the dollar edged down to 106.65 Japanese yen from 106.77 yen. A falling dollar has helped boost oil prices this year as investors often buy commodities such as oil as a hedge against inflation when the greenback weakens. Also, a struggling dollar makes oil less expensive to investors overseas. Oil prices are rising amid a drop in stock prices worldwide, with the major stock market indices all down by double digits since the start of the year. Recent saber-rattling in the Middle East is another reason for this week's increase. Traders are concerned that a conflict with Iran could disrupt tight global supplies. In other Nymex trade, heating oil futures fell 3.59 cents to $4.0701 a gallon while gasoline prices were down 2.38 cents to $3.5472 a gallon. Natural gas futures lost 0.9 cent to $13.568 per 1,000 cubic feet. Note: Those of the Paid Members who have still not given the E-mail addresses in proper format are again requested to do the same at the earliest, as I will be using the new list soon. Those who have still not renewed the Subscription for the Paid Membership, for another full year taking advantage of the "Golden discount Scheme" announced last year are requested to take the advantage of the scheme and do it at the earliest; so that their name does not get struck off from the Premium Members' list.