The Corporate House of Cards

Just imagine of an old school kirana store in your area. It currently uses pen and paper for billing, accepts payments only in cash etc. You can barely find it on google Maps forget having a website of its own. The baniya is not going to answer your calls nor can you ask for a home delivery during the peek hours of the day. But what if our favorite Mr. Ambani comes and does his magic? Well he probably just swung his magic wand! And well this time he's not alone, he's got a friend from the US. A few days ago, Reliance Jio and Facebook announced how they were going to disrupt the retail market (just how the Ambanis like ;)). Well don't worry he's not handing out free packets of sooji or something. Well coming to business, Facebook Inc. purchased a 9.99% stake in Reliance Jio Infocomm Ltd. for a whopping $66 Billion. Facebook is ruling the social media industry with 30 crore users on FB, 40 crore users of WhatsApp and around 9 crore users

Only as we start thinking that the Corona virus havoc couldn't get any more crazy, it gets Crazier! Yes, o il is now cheaper than water! With the latest headlines of oil being priced at $0.15/Barrel, crude oil has come to a point where buyers are paid money to buy the oil.  Before we get into any details,  Let's take a look at some statistics. The world oil prices are controlled by an oligopoly of mainly 3 suppliers, the OPEC (a cartel of 14 nations holding around 80% of global oil reservoirs), USA (the largest producer of oil @ 18% share) and Russia (the 3rd largest oil producer @ 12% share)  It's main objective is to control the global oil prices by controlling the demand and supply of the oil prices. As an example Saudi Arabia, the leader of the cartel, and the 2nd largest oil producer in the world, never produced more than 10.5 Mn barrels a day (despite having the ability to produce much more) in order to keep a check on the prices.