Bubble of oil prices and revival of Russia

Sarwar Kamal

The oil prices in the international market are dropping day by day. The media is reporting that the prices have come down to 29 dollar per barrel which is the lowest price in the last 11 years. If we analyze the situation critically in the broader geo-political spectrum, we can see there is a big global game behind these oil prices.

The Americans and the Euro zone is pushing hard and urging the OPEC countries, especially the Saudis for more supplement of oil to the international market. Most of the time, the fluctuations in the oil prices depend upon the supply and demand gap, which is the very simple rule of any business. Due to the unprecedented supply of oil one can see the drastic decrease in the recent oil prices. Before the second world war, bombs, aircraft and soldiers were used to combat and destroy enemies. With the passage of time, the whole perception changed altogether now these objectives can be achieved in a non-conventional using propaganda and using other modern tools. I personally believe these low oil prices were according to the script. The script writers are the USA and European Union.

The whole idea is to pressurize and harm the Russian economy. Sooner or later this bubble of oil prices will burst. The Russian economy greatly depends on its oil. It is one of the most biggest suppliers of crude oil to the international market. Due to these developments, there is a crunch time in Russia. Inflation is on the high the Russian currency has lost its value against the dollar leaving many people jobless. Despite these latest developments, we see once again the revival of Russia as a super power at the world stage. As the say history repeats itself, maybe we are once again going into the new cold war era. On the basis of the few historic events which occurred in the recent past I will try to prove my argument why Russia is emerging as a super power and challenging the USA invincibility.

These are the arguments: 1:Russia after the USA is the only country on earth carrying out military operations outside its soil which shows its metal and might. At the moment the Russian warships are targeting anti Basharul Asad elements in the Syria despite the severe criticism and protest of the Americans. 2: I still remember Feb 1, 2003, when the American space shuttle Columbia exploded in the space killing all seven crew members. Surprisingly, as NASA and the whole of America was mourning for this tragic loss, the very next day on the 2nd Feb, 2003 the Sayooz Russian launched a rocket to space. Many pundits said that Russia is trying to give a signal to the world that it is still there and the race has not finished yet. In those days there was a tussle between the Americans and the USA on the installment of intercontinental ballistic missiles on the soil of Poland. The Russians termed it as any attempt to restrict and confined the Russian military capabilities. 3:In 1992 after the disintegration of the former Soviet Union many independent countries emerged on the map of the world, Amongst them Ukraine is the most important country both for the west and Russia. Ukraine is nowadays in the euro zone.

The Ukrainian population is consists of many ethnic groups. Amongst them the Russian and the Ukrainian community constitute the major portion. The tension between the Russia and the USA further escalated alarmingly when the Ukrainian president Victor Yanukovch signed an agreement with Russia ignoring the west. The agreement covered areas such as industry, agriculture, defense, construction and transportation. These developments were not welcomed by the Euro zone and the Americans as potential threats to their interest. The pro western people discard these agreements with Russia. Protest were organized across the country sponsored both the west and the USA. At last, the protesters succeeded to topple the presidency of Mr victor who was forced to flee Kiev and nowadays he is in the political asylum of Kremlin. The mighty and frustrated Russians retaliated by capturing the integral land of Crimea. Crimea was forcefully annexed with Russia. The relations further deteriorated when a Malaysian airliner was shot down over eastern Ukraine by the unknown militants, killing 295 people aboard.

The Malaysian flight MH-17 most of the death were from the Netherland 197.Similarly, Australia, America, Newzealand, Britain, Germany, Canada and Belgium passengers were also amongst the death. American and the Euro Union are blaming that this episode was totally Kremlin sponsored. Despite our bitter experience with the Russians in Afghanistan I personally praise the vision and the leadership qualities of the Russian president Viladimir Putin. After the disintegration of the former Soviet Union, Russia was passing through the difficult period of its history but this man not only restored the global image of Russia worldwide but also took some decisive decisions at crucial times in this perspective. He can be called a true statesman doing wonders for his country after the disintegration of Russia.A statesman can change the whole course of history in a very little span of time just like Quad e Azam,

Napoleon Bonapart, George Washington, Nelson Mandela and Mozu Tung of China etc .In our case both the Nawaz League and PPP are sharing the powers in the centre for the last 40 years there credibility and performance is very clear to us. Our Pakistani think tanks and policy makers should take into account these developments in the best interest of Pakistan. Despite the unprecedented lowering of oil prices i cannot see any relief to the masses on the part of the centre. What is the logic behind it that the dollar rupee parity is still there in spite of low foreign exchange reserve for purchasing of the crude oil. Our rupee is still there 105 is exchange rate for one dollar. Similarly I cannot see the lowering of prices for the domestic commodities which is a criminal negligence.

7 Replies to “Bubble of oil prices and revival of Russia”

  1. Balance of power is desperately needed in international politics the uni-polar world would lead us no where now the Chinese and Russain would play their due role in maintaining balance of power but we are expecting even greater role of China in containing India in this region.

  2. Amereca always betrayed us.when pakistan was a memeber of cento it did not support us in the 1971 war.During the cold war and during the afghan war we were the front state.In the UNO it is not supporting our cause for the kashmir problim.There is a nuclear deal with india ignoring pakistan in this regard.While russia on the other hand is using veto for kashmir in favour of india.

  3. Very will picturised bhai sarwar kamal ,yup putin is doing wonder and he is in the race to be second to none.let me add few more to your words that russia is also trying to have deep relations with the key located states ,and his intrest has also increased for pakistan in recent years,towhich india is more towards US.russia opposes the permenent membership of india in UNSC.they are thinking to make russia pak china is russia(soviet union) who has made pakistan steel mill in karachi,putin is intrested to have trade with pakistan,MI-35 helicopters,Klimov RD-93 engines for JF-17,sukhoi su-35 fighter jets,yak-130 combat trainer aircraft,are few of examples,further more russian business people are also keen to have investment in pakistan .so Pakistan has to must think of strengthen his relation with russia instead of following US blindly.

  4. Sarwar Kamal bhai you have rightly drawn a comparative analysis of US roles and its allies and on the other side the Russain strengths are compared to US.The US and its allies are founder of capitalism as opposed to socialism or communism.It is being said that in the international relations there are no permanent friends but there are permanent interests in international politics.You are right that oil prices fluctuate but when the prices are lowered internationally it takes a long time to be implemented in Pakistan.we have different market dynamics and different non state actors in hindering the market price stability.Good governance was non existent in Pakistan but now a days in some aspect we are on the way to development such as CPEC a great contribution of The People’s Republic of China.This is the acid test for Pakistan
    Nizar Ali Shah
    Harchin Chitral

    1. I totally agree with you Shah sahb the CPEC is a game changer not only for Pakistan but for the whole region.Nowadays it is a make or break situation for us because the KP gov alongside with the opposition have expressed there
      reservations over the westren route.They have some allegations against the centre that there is change of plan,as earlier PM assured them the approval of plans according to the aspirations and wishes of the people of KP.The centre should address the reservations of the small provinces for the sake of national and provincial harmony.It is high time that the centre should expand a network of developmental projects in FATA as well as in PATA.Through development and education we can curb the manace of terror. .

  5. nice.real sketch of the situation by the oil war between the super powers.and the worst picture of attitude of the govt of pakistan of not giving any relief to the people.nice effort.

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