Taxless government, Stable price system, incresing purchasing capacity of people, how to use it, alternative energy solutions, GDP increase depands on public charactor, how to select new management startegy,Please vist http://ideasandinventions.blogspot.com Maheshjani -mahesh_jani49144@yahoo.comIncrease purchasing capacity of public and proper use of it, solve permanent economic problems

Baba, Baba

English

Research Papers in Economics

Costly Oil, Slower Growth : Costly Oil, Slower Growth : Costly Oil, Slower Growth : Costly Oil, Slower Growth : Costly Oil, Slower Growth :
Solutions of Oil and Environment in my suggestion to Solutions of Oil and Environment in my suggestion to Solutions of Oil and Environment in my suggestion to Solutions of Oil and Environment in my suggestion to Solutions of Oil and Environment in my suggestion to
develop Bio develop Bio develop Bio develop Bio develop Bio-diesel P -diesel P -diesel P -diesel P -diesel Project and W roject and W roject and W roject and W roject and World P orld P orld P orld P orld Peace Model. eace Model. eace Model. eace Model. eace Model.
(Please add in the file Bio (Please add in the file Bio (Please add in the file Bio (Please add in the file Bio (Please add in the file Bio-Diesel project) -Diesel project) -Diesel project) -Diesel project) -Diesel project)
The bad news is that the price of crude oil has crossed $ 50 a barrel. Oil
prices can swing crazily down as well as up. Small changes in supply and demand
can mean huge swings in price. For the first time in half a century, global production
is close to capacity, but only for heavy oil, which is not in great demand. Venezuela
another major producer, suffers from civil strike. And many other oil producers
suffer out right civil war (Nigeria, Angola, Sudan, Iraq).
Philip Verleger of the International Institute of Economics, a top Washington
thinker predicts that any “Shortage conditions” could send oil to $ 60 per barrel by
mid 2005, and upto $ 80 per barrel by mid 2006. That will suffice to slow India’s
GDP growth sharply Indeed, it could create a global recession.
Verleger has made projections based on economic simulations published
by the International Energy Agency (See Table). At an average price of $ 35 per
barrel, GDP growth in India will slow by 1.0% in 2005 and by 0.8% in 2006. At $ 45
per barrel , India’s growth will slow by 2.2% in 2005 and a huge 3.2% in 2006.
The rich OECD countries will also slow down. It remains to be seen whether
this pushes them into outright recession. The worst hit will be the Heavily Indebted
poor countries (HIPcs), Mostly in Africa.
Rural areas are moving from wood and woodung to liquid fuels, and urban
areas are motorizing rapidly. In consequence, an increase of 1% in GDP in these
countries can lift oil consumption by upto 1% against just 0.2% for the USA.
Between 1990 and 2003, consumption in India and China grew at an average
rate of 7% against just 0.8% for the rest of the world. In 1990, these two countries
consumed 3.6 million barrels per day , less than 5% of global consumption. Chineseannual consumption is projected to rise by 2.5 million barrels per day.
Impact of higher oil price on GDP growth (%)
    2005/$ 35 2005/$ 45 2006/$ 35 2006/$45
India     - 1.0      -2.2     -0.8     -3.2
China     - 0.8     - 1.8     - 0.6    - 2.6
OECD    - 0.4     - 0.9     - 0.3    - 1.3
HIPCS    - 1.6     - 3.6                - 1.3     - 5.1
Optimists say that oil is now a very small share of household consumption in
the rich west. So, they argue, a global recession (caused by falling consumer
demand) is unlikely till the price of oil hits  $ 75 per barrel. I suspect that even $ 50
per barrel, if sustained, will cause a recession then I suspect it will indeed hit $ 75
per barrel.
This, because we will almost certainly heed a recession in the USA to bring
down global  consumption. There is no chance of China and India reducing their
consumption. They are likely to consume more (though at a slower pace) even in a
global  recession.
The finance minister of India P. Chidambaram said that due to increase in
crude oil 5 dollars per barrel, the inflation increases 1.4% , and G.D.P. of the Nation
decreases 1/2%, I think the same principal will apply for all the nations. Dr. Tiwari
President Chhattisgarh State Planning Commission of India said, If patrol - diesel
import prices will be increased day by day. The Government of India has to mortgage
Gold to get Loan from  world bank Likewise 1990 year.
I, after  consultation of central government authorities of India say that after
40 years the source of National oil will be finished from the whole world means
according to principal of demand and supply Demands of oil will be increased day
by day due to  increase in population and vehicles and wars, and supply will be
Lower, so that the price hike in natural oil will be a common “phenomenon”, which we
are watching day by day, and the situation will be tense, specially where in oil field of
middleeast, There are Terrorist Groups like Al-Kayda also. It will increase wars.
I have provided the solution in the increase of Bio-diesel project, It needs capital
-  2  -investment, The Central Government of India is not taking any initiatives to start-up,
some individual parties are interested to start this project, but the problem of capital is
with them. I have contacted the following U.S.A. parties for joint-venture   but there is
no response from  them, I think at present in U.S.A.  has also not started the same
project, as it is essential to take steps :-
(1) B.D. Industries (2) Bio-diesel International (3) Bio source Fuels (4) Bio-diesel
organization of U.S.A. said that They are not having and specialities, which I can
provide to them (Mr. Bev. Thessan said). If, only 30% investment of las Vegas in
Gambling will be diverted into this project,which is 100% safe gamble , it will be
very worthily for the whole world.
Even, this project can provide natural resources , herbal medicines, herbal
towns, means environment, but unfortunately, I am not getting any cooperation
from anyside.
Even, my thoughts are now a days not recognized as Kenya’s Wanguri Mathai
(Environmentalist)  won Noble Peace Prize - 2004 for growing 2 20 millions tress, She
has her own organizations with capital  “Green tape Revolution”. She said in this world
many wars are for Natural Resources, so that for peace, such revolution may  create
peace. The same principal applies for my Bio-diesel Revolution, If I will be also recognize
by Lord John Templton Foundation, It will be very easy to join hands with cooperation
by many people for start-up for the peace and welfare of the world.
Just the same , The Noble Prize winner Economist for 2004 said their awarded
work established the foundations for an extensive research program on the credibility
and political feasibility of economic policy, it said. Their research revealed how
“economics become trapped in high inflation even though price stability is the stated
objective of monetary policy.” When households expect higher taxation, they tend to
save less, while companies tend to set higher prices and spend more on wages when
facing higher inflation.
“The Laureates showed how such effects of expectations about future
economic policy can give rise to a time consistency problem. If economic policy makers
lack the ability to commit in advance to a specific decision rule, they will often not
-  3  -implement the most desirable policy later on”, the jury said.
The Nobel economics prize is the only one not originally included in the Last
will and testament from the creator of the awards, Swedish inventor Alfred Nobel.
In my New Economic model for a Nation “World Peace Model”, please verify
all the solutions are  provided for how to control plan estimate, Less taxation, stable
price system, stable and Reliable economics how, It is useful in the G.D.P. increase
(file). This model is selected by Hawaii International in International Conference,
and “Idea” (organization of U.S.A.) is circulating it to whole world, and many economists
are downloading and opening the file with top rank. (The letters are attached with file).
World Peace Model is a applied solution of the problem. Even it is a step towards
spirituality by peace of mind through stable economics (original thoughts).London(18-
10-2004(Bhas News)- The price of oils reached upto 55 $ per barrel. The President of
US Federal Research Allan Green span said By this increase in prices , the total GDP
of USA decrease  3/4 .
By
Mahesh Jani
Chief Trustee
G.H. Jani Charitable Trust
Kamptee Lane,
Rajnandgaon - 491441
(C.G.) (India)
thewholeuniverse@yahoo.com
mahesh_jani49144@yahoo.com
alkajani@rediffmail.com
-  4  -

World Peace Model and related Papers

Abstract

Similar works

Full text

Available Versions

Research Papers in Economics