Courtesy: epSos.de / Flickr
Developments in electric vehicles, battery technology, and renewable energy can make oil, coal, nuclear power interchangeable, if the appropriate technology is developed and marketed well. And since the benefits include a permanent cap on energy prices, India must promote its own industries in these areas and not remain a passive beneficiary.
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Even as India and Germany move ahead on energy cooperation, India-U.S. energy collaboration is stranded in the three key areas: nuclear power, shale gas, and solar energy. But with cheaper energy imports due to the fall in fossil fuel prices over the past 12 months, India can wait till it gets a better deal from the U.S.
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ONGC’s purchase of a 15% stake in Russia’s Vankorneft presents the road ahead for India – by acquiring oil and gas fields today, India has a chance to lock in the price of imported energy at the current low level for the long run.
Courtesy: The Political Indian
Amit Bhandari, Energy and Environment Fellow, Gateway House, wrote an article on 'A plan for India’s energy independence', for Political Indian.
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The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
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It is time for India to become autonomous on the energy front, even though it is, and will remain, a large importer of petroleum and coal. A combined strategy of diversification by using other forms of energy, and acquisition by buying oil fields, can help India reach this goal
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The oil-rich GCC countries are starting to show signs of financial stress maintaining high defense and social spending while the price of oil remains low
Courtesy: The Speaker-news
By keeping production high and oil prices low, OPEC is taking on oil and gas companies by undercutting their ability to investments in future oil & gas production
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Amit Bhandari, energy and environment fellow, speaks to Dev Lewis, Gateway House, on the impact of the Iran deal on global energy markets. He also outlines why this is a window of opportunity for Indian business
Courtesy: Wikipedia
A possible Iran nuclear deal means a longer window of lower oil prices. But the glut of oil supplies is already resulting in cutbacks to oil exploration and production spending, and will eventually lead to higher energy prices. Before that happens, India must use this opportunity to lock in prices