Some more write-downs in US banks could push oil prices back to over $140 in no time.

When supply exceeds demand in a liquid market, prices drop until demand matches supply.

The commodity price shock absorber is no longer working as it did in the past

Infrastructure with private capital is clearly the global growth driver. China and India occupy centre stage.

We are being told that to cushion our energy needs from the volatile oil market, we need nuclear power. That's hogwash: Our power sector is not dependent on oil.'

With MPs bargaining like Shylock for their pet projects and with defections and desertions, the prime minister is besieged.'

There is no real fare difference between low-cost and full fare airlines, barring Kingfisher -- the taxes and surcharges (and in most cases the fuel surcharge alone) exceeds the basic fare.