In one of my previous blogs I raised a point that western
media often mislead. I have a strong feeling that like any third world country
news are produced on the behest of lobbying firms. These lobbying firms often
call their work ‘Policy Advocacy’. These entities work for protecting the
interest of Fortune-50 and Fortune-500 companies and not the consumers or public
at large.
My perception gets further strength when I go through the
reports of mainstream media regarding the prevailing oil glut. These media
companies paint a scenario that if oil price goes further down, the entire
global economy would plunge in serious crisis. There would be many bankruptcies
and for saving the oil and gas exploration and production companies crude price
must be hiked.
These companies had made tons of money through connivance.
This game was started by the US companies and Saudi Arabia and other oil
producing countries were trapped. They lived under the false impression that
inflow of petro-dollars was on the rise and totally ignored the fact that one
the US attains self sufficiency in oil production, it would gradually deprive
all other oil countries from oil income.
Interestingly, the US has plunged oil prices to present lows
to inflict material injury to all the oil producing countries, Saudi Arabia,
Russia and Iran being the prime targets. It is stunning that Russia and Saudi Arabia
are fighting a proxy war in Syria but have joined hands to convince OPEC and
non-OPEC members that their survival was in cutting down production.
This brings to mind an old saving that enemy of an enemy can
be made friend. Saudis very strongly believe that the US has betrayed them with
regards to Syria and Iran. Russia has established its nuisance value in the
Middle East and its policy makers strongly believe that by joining hands with
Saudi Arabia they can achieve twin objectives, weakening the US influence on countries
located in Arabia Peninsula and pushing many of the US oil producing companies
out of business.
Ironic is the attitude of oil consuming countries, which
feel helpless before these exploiters. They are also falling victim of the
disinformation being spread by the western media. These countries have been made to believe
that economic downturn in the US would also affect their economies adversely.
Since I live in Pakistan and following this issue to some
extent, the incumbent government has failed in passing the benefit of low oil
prices to the masses. Following IMF mantra the government has increased
percentage of tax on energy products to overcome budget deficit. I am sure
Pakistan is not the only countries following IMF recipe blindly but all those
countries that live on the crutches of IMF are following the same policy
blindly.
Pakistan has failed in benefiting from the GSP plus status granted
to the country by the European Union only because of prevailing energy crisis.
I would say it very loudly that energy crisis in Pakistan is not due to the
shortage of energy products but blatant theft, gross inefficiencies and above
all massive corruption.
In the third world rulers are installed and toppled in the
name of ‘regime change’. It is simple that once an agent becomes redundant it
is eliminated, assassinations are common but portrayed as act of rebels or an
act of God.
Explosion of aero plane of Pakistan’s President Ziaul Haq
was not an accident but outright killing. Those who died along with Zia
included the US Ambassador to Pakistan, a Brigadier General of the US Army and many
generals of Pakistan Army, who had played key role in defeating USSR in
Afghanistan.
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