• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

This is with reference to "Oil prices still driven by speculation" (Business Line, November 27). Addressing the plenary session of the India Economic Summit 2006 organised by the World Economic Forum and the CII, the Finance Minister, Mr P. Chidambaram, said that the oil producing countries were exploiting consumers by raising oil prices.

He felt that prices are being driven by speculation as they have fallen from $75 to $58 with no change in demand-supply position. As the Minister said, the Government should initiate steps to achieve breakthroughs in the development of wind and solar energy technologies to ensure alternative fuel sources.

T. R. Anandan

Coimbatore

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

Related Stories:
`Oil prices still driven by speculation'

More Stories on : Letters | Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Faltering on the FTA

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line