John D. Rockfeller vs Ambani D. Lootfeller

The Men Who Built America – The Men Who Loot India

June13, 2013

USA was British Colony like India but Inventing Entrepreneurs Built America at astonishing pace faster than the ruling Britain. Tatas and Birlas of India proposed ‘Bombay Plan to Seek Protection from Foreign Competition & Limited India Progress & Development through controlled economy.’

It was amazing to see high school pass John D. Rockefeller had created world’s best INVENTING Company something not fully emphasized by the History channel.

Though John D. Rockfeller himself was not a scientist or Inventor/Engineer but he partnered with a chemist Samuel Andrews and Discovered 300 products developed from crude oil. Starting with $4000 capital in 10 years established over 4000 miles of petroleum pipelines, refineries and controlled 90% of business and through Technological improvements to the processes reduced cost of production and distribution and cut Kerosene prices by 80% and yet earned huge profits. He also introduced Standardization to the industry – some estimated his personal wealth at 1% to 1.5% of US GDP – it was astonishing even after split of Standard Oil in to 30 companies his earnings jumped 5 fold even though he was not managing them or in other words all 30 Standard Oil Baby Companies – all Standard Oil employees were well trained & Skilled by 1980. Gross present market value of Standard Oil baby companies exceed $2000b – since founding had sold Petroleum Products worth $200 trillion including Petro-chemicals.

Indian version is Ambani D. Lootfeller as detailed in ‘Polyester Price’ unofficial biography thrived on Cheating, Frauds, Bribes to secure most of Natural Resources cheaply and licenses and government funds and to sabotage rival companies. Cheaply acquired ONGC discoveries but failed to develop the Oil & Gas discoveries, couldn’t market petroleum products in India – RIL bought cheapest most polluting Crude Oil yet on refining and distribution was 10% costlier and draws GOI subsidy to export refined products. He began by extracting Silver from old coins, hoarding goods and cartelization and claiming INCENTIVES for fake exports, secured loans against Duplicate Shares, Imported second hand plants of double capacity. Post Polyester Price acquired 30 Offshore Oil & Gas block produced not even 10% of the promise in 14 years. Petrobras P-52/56 cost $800m to $900m but similar KG D6 capitalization was $9.5b yet RIL platform is underperforming. 80 years old BSES it acquired in 2002, is worst in quality of service, rig meters to run fast, fake Theft Cases by not considering Load Factor in energy calculations – hires staff at a fifth of claimed wages on short contracts to avoid Provident Funds and Bonuses etc. There are regular power cuts even at 30% to 50% of design system load. Each minor fault takes 30 minutes to 6 hours. RIL was caught ‘Re-routing International Calls as Locals.’ Optical Fiber network was laid through out India in 2002 but RIL subsidiary didn’t connect residents with Ethernet connections – 11 years down the line RIL has laid another set of Underground Optic Fiber cables to serve 4G wireless broadband. Telecom Density in Delhi is 250% means every resident on average own 2.5 mobile phones mostly of 2G outdated technology just to avoid Inflated billing. Instead of Convergence Technologies – RIL Offer Divergent Technologies each charged separately, DTH, 2G, 3G, 4G, Broadband, Internet, WLL, Land Lines, IPTV, ISD, STD etc. There is one RIL Annual Report for Telecom, DTH, Power, Textiles, Petro-Chemicals, Refining, Oil & Gas, Retail, Films, Infrastructure and more.

RIL currently holds nearly $20b in cash more in black money but not investing in projects not refunding it to banks so that it lend $20b to say a million MSMEs.

They also claim that all the million engineers passing out of colleges are Unemployable.

Picture - BSES Men At Work

‘John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio, refinery. In 1870, he established Standard Oil, which by the early 1880s controlled some 90 percent of U.S. refineries and pipelines. Critics accused Rockefeller of engaging in unethical practices, such as predatory pricing and colluding with railroads to eliminate his competitors, in order to gain a monopoly in the industry. In 1911, the U.S. Supreme Court found Standard Oil in violation of anti-trust laws and ordered it to dissolve. During his life Rockefeller donated more than $500 million to various philanthropic causes.’

Ravinder Singh

Inventor & Consultant

Progressindia008@yahoo.com