GREY:NKRSF - Post by User
Comment by
mining_pays_my_billson Jan 09, 2015 1:40pm
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Post# 23302878
RE:RE:Gusher
RE:RE:GusherYes tolton that is exactly the problem. As an emerging market India has to satisfy 2 different parties with different agendas- the current Modi government needs a higher gas price to satisfy/attract foreign investment.... but they need a lower gas price to satisfy the people and attract votes. It's a balancing act, and it takes time, I guess you have to slowly get the people used to paying more for gas until they are at a price that satisfies the foreign investment. .... Then you gauge them and make them pay even more than that until people are PO'd.... then bring it back down to a 'reasonable' level (relatively speaking) that attracts foreign investment, and that the people are happy to pay (relative to the gauging they just received). We are seeing exactly this now here in America- when gas first went over 1$/liter how many of us were cursing and swearing? Then when it went up to 1.30$/liter we were ready to raise he'll.... Then they brought it back down to 1$ and we were sooooo happy to pay it. Now we are gushing love for the gas companies who are so kind as to let us have gas for 90 cents/liter. 5 years ago we hated them for that price, now we love them for that price. It takes a few years to change people's percetion, but it can be done. Maybe this is what they are doing in India. If they want to keep pace with western economics they have to do this.