670 Million People In India Without Power As Electric Grid Fails

Discussion in 'Markets & Economies' started by thatguy, Jul 31, 2012.

  1. thatguy

    thatguy Active Member

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    670 Million People In India Without Power As Electric Grid Fails
    http://www.zerohedge.com/news/670-million-people-india-without-power-electric-grid-fails
    [​IMG]
    woah... SHTF IRL
     
    thatguy, Jul 31, 2012
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  2. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Bugga! ;)
     
    Silver Soul, Jul 31, 2012
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  3. 4rcane

    4rcane New Member

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    Is there price control on energy in India? If someone is using too much of something its usually a sign that the price is too cheap and prices are not allowed to adjust due to supply and demand. Too much demand and not enough supply
     
    4rcane, Jul 31, 2012
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  4. Kawa

    Kawa New Member

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    We own the main Petrol Station in the Capital of a country 3 hours fly time from Brisbane that would be regarded as 2 nd World and we are price Controlled by the Independent Government.
    We sell the fuel cheaper /litre than what I pay in the Western Suburbs of Brisbane.

    Price Control is a funny thing.
     
    Kawa, Jul 31, 2012
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  5. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Ever been to India? The whole country bleeds demand over supply. As for Control! Only god control's India, Because no one else does. :)

    The grid barbeque....They will live with it. ;)
     
    Silver Soul, Jul 31, 2012
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  6. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Would anyone be surprised if this is sabotage? Reading Reuters and they say it's happened twice in two days and they still don't know the cause. There has to be a cost for continuing to buy Iranian oil and supporting a push to trade for gold.

    Hmmmm ... What's the trend for countries that support oil trading outside the USD and the remonetisation of gold?
     
    CriticalSilver, Jul 31, 2012
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  7. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    Haha yeah, I've done 2 longish stints in India. If you've been there this would be no surprise. They learn to deal with this all their lives. Someone probably forgot to bribe the wrong person and they switched off the lights. :D
     
    doomsday surprise, Jul 31, 2012
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