Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Tuesday, October 29, 2024

Ramgoolam Statements That Don't Survive A Fact-Check

1. Your shopping trolley was full when I was PM (2023 onwards). Depends for whom. Let's see what the data shows.

2. When we were in power we didn't allow pump prices to go as high as they did on world markets (2024). The APM indeed reduced the volatility in oil prices. But let's see what happened when they crashed during the Great Recession.

Thursday, May 02, 2024

Analiz Vin Mezir Far Lalians Ptr/MMM

Demokrasi, meritokrasi ek Law & Order

1. En vre reform elektoral avek omwin 1/3 fam kom kandida dan eleksion zeneral. Vre reform la se sirtu sa mari kuyonad azut en doz PR dan nu system FPTP ki meyer sistem elektoral dan lemond pu ras en mari zarm depi dan lame ban elekter ki permet zot avoy ninport ki manb lasanble national dan karo kan dan en eleksion zeneral. Li pu osi permet ninport ki dirizan parti/minis fer mari dominer ek lepep e kone ki ena fort sans li revin dan parlman e mem kom minis pu kontinie kraz lepep.

2. Eleksion Prezidan par en kolez elektoral. Nu pa bizin sa la. Sirtu pu le moman. Nu ti truve ki AGF ti fer an 2018. Mazin u si li ti ena plis puvwar.

Thursday, February 08, 2024

Analiz Sis Angazman Lalians Ptr/MMM/PMSD

1. Pu redon parlman so let dor. Phokeer se pa Vaghjee me lor sa 35 ekspilsion an 2023 la ena plizir ladan kot lopozision fin rod sikan (e komie ladan inplik en tekewe?). Anu pa bliye usi ki Navin ti ferm parlman pandan 9 mwa pu prodir en dokiman lor reform elektoral kot li ti fer ban rekomandasion konpletman debil. Bon sa pa eton nu ler nu kon nivo Ramgoolam.

2. Abolision FCC. Ranplase par ki zafer? Manier sitiasion pu kontinie deteriore akoz politik fiskal e ekonomik pagla ki Ramgoolam ti kumanse an 2006 e fin kontinie ziska ler si kontinie kumsa mem ban guvernman ki pu vini pu kontinie met tu kalite lalwa libertisid ziska sa eklat dan zot figir evantielman.

Thursday, June 08, 2006

The Fallacy of the Triple External Shocks Argument

In science one tries to tell people, in such a way as to be understood by everyone, something that no one ever knew before. But in poetry, it’s the exact opposite.
Paul Dirac

Because most stars are so far away, their light has yet to reach Earth.
Edgar Allan Poe solving Olber’s Paradox in a poem

I don’t know about you but me, I have had an overdose of the so-called Triple External Shocks argument brought forward and used ad nauseam by Rama Sithanen for many months now to paint a very dark picture of our economy. The main problem with this argument is that it stands on shaky grounds at best. Let me tell you why.

1st shock: Price of sugar to fall by 5% this year and up to 36% within a few years
We knew that this was coming for a long time so that there is no element of surprise or shock here. We have been growing sugar for 300 years now and it’s been the commodity that has financed the development of other pillars of our economy – under that famous protocol – which incidentally have now dwarfed the sugar sector itself. Paradoxically, Le Grand Argentier has perhaps failed to realise that by recently announcing that the seafood hub would double in size in a few years’ time it will be yet another sector to dwarf King Sugar.
The share of sugar in the economy will inexorably keep on shrinking from its current 5%. This looks like a textbook example of the Product Life Cycle at work – you can only produce something for a given amount of time before you are outgunned by entrants with a lower cost structure than yours. Yes, the economics of the cane industry looks better than that of the sugar industry but we need to look even beyond. And this year’s price cut of 5% shouldn’t have taken so much of our Finance Minister’s saliva. The €URO has also been surging ahead this year, hasn’t it? Naturally, we should see it to it that we are treated fairly by the European Union.