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HomeGopalakrishnanArticlesFuture of oil prices

Future of oil prices-

The doubt in the mind of many Indian politicians and the leaders of other nations is whether the oil prices will rise again.

The Indian congress government will be worried because the stability of government is related to the oil prices. The government wants to hike oil prices in the retail markets but the left is against it

In the millennium chart Saturn is neecha in the eighth house. Oil is related with Saturn. So the prices are bound to go up.

Oil prices will further increase. It could reach even reach 65 dollars per barrel before the year-end.

There is bound to be fluctuations in the mid of august.

The Indian government will try to resist the maximum pressure from the left but will increase the oil prices in the margin of Rs. 2- 5. The kerosene and diesel will still run of subsidy. The so-called intelligentsia of the media will tell that the oil prices will go up.

I know a man who is a petrol bunk owner and a client of mine. On seeing the television channel panel discussions, he bought and stocked up huge quantities in the hope of making a quick buck. He was surprised, when the prices did not rise and he lost money in the process because he had borrowed money on an interest.

I told him that it is very easy to predict, but listening to the media discussions is in vain. Initially the media will be filled with rumors to comprehend the public reaction. If it turns out to be negative the idea will be dropped. Then you will see Mr.Sitharam yechucury or Mr.Karda giving statements without any motive. Then there will be a hike. By judging the activities of the left front one could predict that, whether there is going to be a rise in the oil prices or not

In the long run oil prices will shoot up further. Even if the OPEC has got some strategies the western nations will influence in the oil price rise.

Indian economy will not be affected since they have a good dasa so they manage to escape from it successfully.

Since the Saturn and ketu meet in simha during 2006 Sep -2008 Sep the oil price could raise up to 70 dollars a barrel.



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