Comments by "चतुर्वेदी हर्ष" (@hershchat) on "The Icarus Project"
channel.
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This is a really ignorant clickbait video. The oil is discounted for a few reasons. One, the deal being directly between the countries, they cut out the middle men. Secondly, the volume of single customer sale justifies the discount. Finally, this is a long term deal, insulated from market vagaries. The fact that India has to absorb the risk premium of having to cover insurance on oil tankers that cannot be insured too accounts for some of the discount.
Same with the “space race” BS. I am an Indian, and I am proud of what India did. HOWEVER, Russia can, and likely will will, succeed and stay in the game. No one thinks that “India beat Russia”. Beat in what sense? Market share? Publications? Prestige? Deals? This is the long game, and what India has done, whilst admirable, isn’t even what one single private company (Space X) is capable of. As an old civilization, one that isn’t as shallow as this channel, India (hopefully) doesn’t rejoice in the misfortune of a reliable ally.
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