Surajit Mahalanobis

[Oil Pricing 0]

Low prices of crudes are an essential requirement for development. This is known to everybody. What is not know is the reason why prices are sought be made in higher sides. One hears that yhere are geopolitical reasons that push the prices up or down. This is also said to be the only reason that makes the prices volatile. The world 'geopolitics' is confusing. What exactly do one mean by that. What is a cause for an oil producing country to seek a high price of a crude, may be would not be a good reason enough to define the rise, by another. For better understanding of the valitility the topic geopolitucs ned to be discussed more transparently.