[Simblified] Ep. 104: Oil’s Well that Doesn’t End Well: What Determines Petrol Prices?

Ep. 104: Oil’s Well that Doesn’t End Well: What Determines Petrol Prices?

01/10/2018 by IVM Podcasts

Web player: http://podplayer.net/?id=56186548
Episode: http://traffic.libsyn.com/simblified/E104Simblified.mp3?dest-id=359939

As the petrol price is about to raise its bat to the pavilion as it nears its much-awaited century, Indians must be wondering… Hey, if oil around the world is getting cheaper, why are we paying more? (The more bhakt-oriented among us might argue that this is our way of swimming against the tide). In truth, oil prices worldwide are not as straightforward as your economics professor would like – there’s a lot of geopolitics involved. In this rather gassy episode, our Simblified trio break down (much like crude oil into petroleum) the funda of oil prices and why India pays so damn much. NEW TO SIMBLIFIED?
It’s an Indian podcast – probably the best to come from Malad West – that takes things that happen around us, and deconstructs them in language you can understand, often surmounting several puns and PG Wodehouse references along the way. We aim to make you appear smarter during parties, job interviews and dates.
Your hosts (and Twitter / Instagram handles) are Chuck (@chuck_gopal / @chuckofalltrades), Srikeit (@srikeit, @srikeit) and Naren (@shenoyn, @shenoynv). We are part of the IVM Podcast network, who, till this day, wonder why they signed us on. For more awesome IVM podcasts,find us at:
Website: Indusvox.com
Facebook: facebook.com/ivmpodcasts
Twitter: twitter.com/ivmpodcasts
Instagram: instagram.com/ivmpodcasts

The Simblified team took on oil prices, OPEC, and renewable energy. I thought the episode drifted close to conspiracy theorising at times; especially the bits about suppressing renewable energy and lobbying against it. Nothing very new, but I had fun listening to it while chopping salad.

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