A Twin Tragedy ?
Yesterday
,
· a
barrel of crude oil was selling for $ 85
· $
1 , could fetch you , Rs 73.4
And
petrol was selling for Rs 91 / liter in Mumbai
What
would happen if ,
· Oil
sells for $ 100 / barrel , and
· Rupee
slides to $ 1 = Rs 100 ?
That
would cost Rs 10,000 to
buy a barrel of oil, which when refined, would yield between 40 – 70
litre of petrol ( depending upon the quality of crude ) . Let us assume, 50
litre of refined petrol from 1 barrel of crude
So
, before refining, the RAW MATERIAL COST would be Rs
200 per litre of petrol !
For
you , that would translate to Rs
450 per litre at the petrol pump !
You
do not have to be an expert to guess what such a scenario could mean to our
economy
Of
course, a great majority of experts would assure us that there is a very low probability of such an event happening
But
then , same persons would also rule out the existence of a BLACK
SWAN , which author Nassim Taleb describes as follows :
* It is an "
OUTLIER ", as it lies outside the realm of regular expectations ,
because
nothing in the past can convincingly point to its possibility
* It carries an "
EXTREME IMPACT "
* In spite of its
outlier status , human nature makes us concoct
"
EXPLANATION " for its occurrence , after the fact , making it
explainable
and PREDICTABLE
In brief ,
* Rarity
* Extreme Impact
* Retrospective
Predictability
According to Taleb ,
* The highly
expected " not happening ", is also a Black Swan
In
“ Retrospection “ , here is what I wrote :
A Full
Blown Crisis ? [ 25 April 2011 ]
World Bank president Robert Zoellick warns that the world is one shock away from a
full-blown crisis.
Here are my guesses re: where that one shock may come from :
* European Invasion…………….. [ Libya ]
* Ethnic Massacres………………….[ Africa ]
* Population Explosion…………… [ India ]
* Regimes Overthrow………………[ Middle East ]
* Nuclear Nemesis…………………….[ Japan ]
* Economic Collapse…………………[ PIGS ]
* Overheated Economy…………… [ China ]
* Melting Snows…………………………[ Poles ]
* Terror Exports…………………………[ Pakistan ]
* Food Shortages……………………… [ Developing Countries ]
* Global Warming………………………[ Worldwide ]
Feel free to add your own.
There is no doubt that in 2011, a “ Black Swan “ event is around the corner !
Not
being a later-day Nostradamus , I could not foresee :
· Brexit
· Trade
Wars
But
the issue is hardly what one could anticipate or not
Question
is :
What
do we do now to
face this Twin Tragedy
?
Answer
is :
Treat
this impending calamity as a “ blessing in disguise “
Let us pull out all stops and turn to Solar Power
Let
us advance our target date ( for reaching 100 GW ) from 2022 to 2020
Only
yesterday , SoftBank CEO , Masayoshi Son said :
“
As long as you have the land and sunshine, as long as you have eyes and ears
listening to me, I will give you free power
“
But
he is offering that FREE
power , AFTER 25 years , when he has recovered his investment from his
existing / planned solar projects !
We
, in India , just do NOT have the luxury to wait for 25 years !
If
we want to survive the impending TRADE WAR ( unleashed by Trump and racing around the World like
a Tsunami ), then we must
have that FREE solar power by 2020 !
That
is just one of the ways to turn India into a LOW COST ECONOMY
I
have described that WAY in :
Unlimited
Power : and round the clock ? [
29 July 2016
]
How
Cheap can it get ? [
14 March
2017 ]
Piyush
Goyal is a Visionary ! [
19 March 2017
]
INDIA
: the NEW LAND OF THE RISING SUN ? [ 01 April 2017 ]
Masayoshi
Son said :
“ Less than 1 per cent of India’s land mass will be sufficient for 1,000 GW of solar power generating
capacity … There is sufficient waste land in the country for the same “
Way back , on 02 Jan 2017 , I wrote ( sent as email to the
Policy Makers ) :
[ https://myblogepage.blogspot.com/2017/01/sun-our-soul-new-sos.html
]
One hour of Sunshine falling on India's land area of 3,000,000 square
kilometers , can generate enough electricity to power our nation for ONE year !
Now , most of India gets 6
hours of Sunshine daily for some 300 days in a year !
So , as a nation , we get
1800 hours of Sunshine , every year
If we were to cover our
entire land area ( of 3,000,000 sq km ) with Solar Panels , we could get enough
electricity in one year ( ie: in 1800 hours ) , which will meet our power needs
for 1800 YEARS ! ( about 5000 trillion Kwh ! )
But , at the most , we need
to store the Solar power for a few days only ( even if Sun does not come out
for a couple of days ) . Certainly not for 1800 years !
So , there is no need to cover up our entire land mass
with Solar Panels
A very small fraction need be
covered . Say, all roof
tops in India ?
As in case of my earlier
emails , this blog too is being sent to :
=====================================================
In addition
, this time , I am also sending this email to the following :
PM’s
Economic Advisory Council :
Some others
:
Trade Advisory Group :
Surjit
Bhalla………………………………….. ssbhalla@gmail.com
S
Jaishankar………………………………… psfs@mea.gov.in
Rajeev
Kher……………………………….. Rajeev.kher@ris.org.in
Sanjeev
Sanyal……………………… Sanjeev@sanjeevsanyal.com
/ contact@idfcinstitute.org
Shekhar
Shah……………………………. ashah@ncaer.org
Vijay
Chauthaiwale……………………. Vijai63.bjp@gmail.com
Pulak
Ghosh………………………………. Pulak.ghosh@iimb.ac.in
Jayant
Dasgupta………………………… ictsd@ictsd.ch
/ amb-indiawto@nic.in
Rajiv
K Luthra……………………………… rajiv@luthra.com
Chandrajit
Banerjee…………………… cb@cii.in
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