The G8 summit has decided to look inwards regarding oil inflation.
when we are at fault,we try to seek remedy elsewhere. It is nothing but human weakness.Many ways are there to cut inflation .The supply and demand is not proportional in the case of oil. India and china are fast riding economies. There is much requirement of oil.Russia and Us,are reluctant to release their oil deposits,targetting the prize catch, The OPEC ,feel that they are not the force behind oil hike. Decarbonising the power sector is one essential factor that countries have to pay attention to. Strengthening the public transport system is the other factor that will help to solve the problem.Prudent management of energy is the chief agenda that countries need to focus.
Inflation will be contained by delivering good governance,It is hard to find a country sans political corruption; bribery, cheating,,ill gotten wealth,scams,
Leaders are garrulous.
less talk ,more action,should be our motto .