will wait and see in their lifetimes OIL crossing 200$$$ per barrel. The world cannot handle China and India increasing consumption since reserves are finite and the developed countries will not reduce their consumption. If they do it is trouble for all. The only way out of this imbroglio would be to reduce dependance on OIL and GAS and look at other technologies, one of them which is nuclear.
RE:All those anti-deal
by manoo kaushal on Jul 12, 2008 11:08 PM Permalink
After reading you, I'm confirmed that Pro Deal guys know nothing. you should read more about the deal and overall current energy situation in India . You are naive
RE:All those anti-deal
by Joy Abraham on Jul 13, 2008 12:05 AM Permalink
There is no substitute for oil to run cars and buses - bio fuels are are only a small step with more problems. Nuclear power cannot run cars and buses. It will only produce electricity for homes and industries. We can produce electricity from gas, coal, hydro. Wind and solar electricity generation is picking up. Nobody in the world except India and Iran is now after nuclear energy. Iran has uranium but India has not. So no sense in buying uranium which is much more expensive than gas/KWH electricity produced.
RE:All those anti-deal
by Sanjay on Jul 12, 2008 11:12 PM Permalink
Coal runs power plants, Hydro runs power plant, Solar, wind etc.
Petrol does not run power plants.
Why don't we talk to Iran they have plenty of uranium? Why be slaves? Don't we like the bomb, or should we stop our nulear plant from making a bomb and put them under international inspections.But pakistan and hinia will not do such extreme steps.
RE:All those anti-deal
by All Right on Jul 12, 2008 11:42 PM Permalink
Oil is considered the engine of development so much so the US unleashes wars to capture oil producing nations
Petrol may not run power plants but gas does. And after all, the much greater price shock is predicted to be in natural gas - potentially crippling states like Gujarat who highly depend on it.
If price of oil goes up, every commodity. Food supply is hit as agriculture land is diverted to growing bio-fuels. Collapse of the $ and global equity market have seen investments shift to commodity markets where for 6% margin positions can be taken. An estimated $ 4-5 trillion is invested in commodity markets.
Energy needs of India are increasing exponentially. India would require 500-600 thousand MW of power by 2030 up from 132,110 at present. So nuclear power, thou constituting a small share of energy security mix can still make a vital difference.
It must be appreciated there is a break down in consensus regarding big dams and climate change concerns put a huge ? mark on dependence on coal to spearhead our energy needs
RE:All those anti-deal
by Sanjay on Jul 12, 2008 11:59 PM Permalink
Natural gas is produced in India is different the petrol, because Natural Gas reserves world wide is much greater thn oil rserves, further it is produced naturally in a short period of time mostly methane, from cow dung, etc..
