Wednesday, June 11, 2008

Gazprom predicts oil will reach $250

That's the headline of one of the articles I read on rediff.com. Check the full article here. Now what will the government do? And what will the car buyers do?

Have always been a proponent of using bikes. Not just because they are cheaper or exciting; they are the most practical source of conveyance in a country like India. They allow more space, lead to less congestion and on the whole great excitement. Time we introduce policies conducive to lighter vehicles like bikes/motorcycles. Car buyers should shift to bikes too. Demand would go down (I'm sure) and gas prices might normalize (I think India has that kind of influence now on oil prices).

Some might argue that why doesn't China do the same? If they don't do, why should we do that? That's follower-like thinking, at best. If India needs to really lead, set a precedent that others can look up to and emulate.