Arsenal football club related news for India

This is great news that my beloved sporting club is doing some training for our own kids to help make future football stars in India.

Arsenal coaches Paul Shipwright and Martin Davis are imparting training to a group of 30 boys selected from across various Indian cities. 15 trainees will be shortlisted after a nine-day camp, scheduled to end on June 11, and flown to Arsenal's academy in London next month.
The 15 trainees will also get a chance to play against teams from England, Canada and Spain at an international football festival in London.
Shipwright said the Gunners are looking at the option of opening a soccer school in India.
"We are talking to local organisations in India. We hope we will be getting news on this soon," he said.

Source- rediff.com

some OIL related economics for us Indians

It seems even my decision to buy a the normal grocery on a weekend has got some serious connection with the OIL prices. This is a lot and too much for a common man to think through...i feel quite unecessary burden on his already heavy shoulders...
The latest talk is that the demand for OIL will come down globally with the emerging markets especially giant consumers like India (India is the 6th laregst OIL & GAS consumer globally) cutting down their OIL subsidies drastically, as the cost is turning out to be a big burden on the day to day running of the goverment. Fuel subsidies in emerging economies have been a major factor in keeping demand for oil strong, and so maintaining its high price.
US is also one of the major factors of this strong demand as over the last decade it has increased its OIL reserves (courtesy funded wars in IRAQ 1991& early 2000) considerably. I guess it has doubled its oil reserves in the last 2 decades or so.

When people speak of $ 200 per barrel prices in the near future, it makes me shiver as to what will happen to me at a personal level. Life is too tough and it is turning out to be one sordid saga without much to relish about...