Oil Diplomacy

[Hafizzz]

‘India should engage in aggressive oil diplomacy'
The Hindu : Opinion / Op-Ed : ‘India should engage in aggressive oil diplomacy'

With the Indian economy poised for a robust growth in the next few years, energy security has become the focal point of policy formulation. From domestic finds in oil and gas to acquiring hydrocarbon assets abroad, dealing with foreign investors and negotiating transnational pipelines — all these issues have emerged as key points in India's quest to secure its energy future. Sujay Mehdudia spoke to former Petroleum and Natural Gas Minister and Rajya Sabha member Mani Shankar Aiyar on India's oil diplomacy and the changing dynamics of world energy. Excerpts.

Oh my God, now that will send Oil price up the roof.

 

[MAFIAN GOD]

MAJOR WORLD ECONOMIES RUN ON OIL,GOLD,METALS LIKE STEEL ETC.
SO OUR COUNTRY LOOK ITSELF AS AN EMERGING POWERHOUSE OF THE WORLD.SO IF WE NEED TO CONTROL WORLD WE HAVE TO CONTROL SUCH PRECIOUS THINGS.
INDIA PRODUCES ONLY 30% OF OIL WHICH IT CONSUMES EVERYDAY.AS A WANNABE DEVELOPED COUNTRY WE NEED TO HAVE AN ENDLESS AND CHEAP SUPPLY OF OIL AND GAS.
USA DO POSSES AN OIL DIPLOMACY AND MAY BE CHINA IS PLANNING DO THE SAME IN FUTURE.THERE IS NO HARM IN HAVING AN OIL DIPLOMACY.

 

[aristocrat]

There already exists a cartel which has a monopoly over oil prices which impoverishes developing countries.It deliberately caps oil production and charges outrageous amount for oil.OPAC neither takes steps to uncap oil production nor moderates prices.Given such a scenario Indian stance is completely justifiable.