It is estimated that there is a shortage of 600,000 barrels of diesel per day in Europe right now. And this number will only increase over the course of this year because most forms of transport run on diesel.
Surprisingly, the major supplier to plug this gap will be India as we will be meeting nearly 60% of this diesel demand thanks to our huge refining capacity. India is emerging as the upstream refinery destination of Russian crude oil which is then refined and exported to Europe
This is a huge game-changer in geopolitics as India will move up from Consumer to Producer.
Currently, India is buying 1,700,000 million barrels of Russian oil every day at roughly $47 per barrel. This means that the potential export revenues is to the tune of $70 billion this year.
The US simply cannot tolerate this rise of India in the energy geo-economics especially when it is built on a partnership with Russia. This is why all these attacks on our country are happening. They have moved beyond "human rights" and "religious freedom" to wild documentaries and even attacking Indian businesses.
The other reason for the US to get upset is that India is securing its sea route through the 'Necklace of Diamonds' bases which can be used for global supply chain as well as naval military purposes.
But what threatens the US the most is the next step where India is likely to join other BRICS nations to implement the 'mBridge' platform for international hydrocarbon trade. That will be the death knell for the US Dollar and enormous privilege that US economy enjoys due to the hegemony of the Dollar.
The recent direct trades between countries without the US Dollar is already a warning shot to the USA. The idea of moving international trade away from the US Dollar is spreading fast. The American chairmanship of the Oil, Arms and Pharma mafia is tumbling like a pack of cards.
The BBC story and the Adani Issue are only a couple of such attempts to derail India.
There will be more to come.
We need to stand united with our leaders and thwart such attempts.
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