Oil Futures
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15/05/2008
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Times Of India (New Delhi)
Rationing oil cannot address the larger issue Any proposal to ration oil in view of rising global crude prices could turn out to be a disaster. Imposing a formal allocation system to streamline supply and demand of petrol and diesel would, instead of resolving the problem, encourage hoarding and black-marketeering as happened in the case of kerosene. Then there are logistical problems. On what basis would the rationing system work? Since petrol and diesel are used largely for transportation