Comments by "Arun Sar" (@arunsar7893) on "Biden's national security guidance, China supersedes Russia as main threat, India as key Quad ally" video.

@Truth-sv4lt No. Just like we don't get locally produced Gold at a different rate vs the Gold we import. Cause we can't have a differential rate. Locally produced oIl is less than 15% of our consumption and hence irrelevant to the tax policy. Taxation is used not just to collect revenue but also to strike a balance between our current account deficit and our forex reserves.
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Wait until Texas comes back to it's feet. Fracking is economically viable at $42/ barrel. Saudi will be cut to size as it has been over last 10 years. And no. There won't be any sustained inflation in India atleast for the next two years.
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@slashybluesy I agree with @akshat Prakash, who says inflation will be higher than usual (4% to 5% instead of 2% to 3%). When I said there won't be a sustained inflation, I meant hyper inflation (as that was the original question). And I too am not sure if Texas's ability to produce oil in the long term has been affected. There is a possibility it has been and that's why Saudis are behaving the way they are.
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@Truth-sv4lt Modi govt. has charged high taxes on Oil for the past 6 years (when the prices remained depressed bcs US went from Net importer of Oil to Net exporter due to Fracking). It's not a new thing. Modi govt. could do that cause opposition was sleeping and the common man wasn't complaining. They were not reducing the price cause they thought Saudi's increased production would help bring the Brent Crude prices down without Govt. charging less taxes. That didn't work out, the opposition seems to have woken up & the common man is complaining. So, now what needs to be seen is how will BJP react to these new pressures. Will it wait for Texas to start producing or work with states to reduce taxes or keep the prices high and take the political punishment. Remember. Every problem is an optimization problem. The solution changes with changing situation.
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@someone5582 One of the more sensible answers.
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@debdeepghosh9493 He isn't talking about equity investors, which you clearly are.😂
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@Truth-sv4lt Oil is taxed (just like Gold) cause it's imported. Won't happen to electricity which is produced from locally sourced energy sources.
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@Truth-sv4lt "India may become rich bcs poor will die of starvation eventually" - Don't talk about things as if you read the script of a Doomsday's Bollywood movie. Just goes to show how superficial your understanding is. And I didn't justify the taxes. I gave the reason behind it. Whether or not it's justified is a different debate.
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@gurusastropalmistry2214 This is one of the most delusional statement ever.
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@gurusastropalmistry2214 I could but that won't be a wise use of my time. So, I am going to let you carry on being deluded until you can see things more clearly.
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@gurusastropalmistry2214 Done that (with perspective). Thanks for taking the time to point out everything that you think should be researched. I can see where your delusion comes from.
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