BenTrader

Cheap Chindian Cars and High Priced Oil Don't Mix

Good article. Oil is a world commodity everyones comments compares the buying power of the dollar to the rupee in relation to local commodities. $2 may buy you a dozen eggs in the US and 4 dozen (for all I know) in India but when you compare things that are not locally produced or grown India cannot keep up or pay for it... like unsubsidized fuel or italian shoes or american computers. India is an emerging market and will take offense to whatever is said about it that is not perceived as beneficial. You could have said Indian children are eating less vegetables and you would of had the same angry responses. Of course there will be demand degradation in India and China just like there is in the rest of the world.