Surprisingly, the major supplier to plug this gap will be India as we will be meeting nearly 60%of this diesel demand thanks to our huge refining capacity. India is emerging as the upstream refinery destination of Russian crude oil which is then refined and exported to Europe.
This is a huge game changer in geopolitics as India will move up from Consumer to Producer.
Currently, India is buying 1,700,000 million barrels of Russian oil everyday at roughly $47 per barrel. This means that the potential export revenues is to the tune of $70 billion this year.
The US simply cannot tolerate this rise of India in the energy geo-economics especially when it is built on a partnership with Russia. This is why all these attacks on our country are happening. They have moved beyond "human rights" and "religious freedom" to wild documentaries and even attacking Indian businesses.
The other reason for the US to get upset is that India is securing its sea route through the "Necklace of Diamonds" bases which can be used for global supply chain as well naval military purposes.
But what threatens the US the most is the next step where India is likely to join other BRICS nations to implement the 'mBridge' platform for international hydrocarbon trade. That will be the death knell for the US Dollar.
The recent direct trades between countries is already a warning shot to the USA. The idea of moving international trade away from the US Dollar is spreading fast. The American chairmanship of the Oil, Arms and Pharma mafia is tumbling like a pack of cards.
The BBC story and the Adani issue are only a couple of such attempts to derail India. There will be more to come.
We need to stand united and thwart such attempts.
Courtesy. What'sApp
Tailpiece.
Got up at 6, the chores and was ready by a half past 10. Washing machinex in between.
Off to the bank for work and was ferried by Hameed.
The evening chores.
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