Energy Security

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  • Vikas Kalyani asked: With oil crisis arising, what should India do to reverse the energy crisis & become self sustained in energy requirements & fulfillment?

    Shebonti Ray Dadwal replies: Apart from the fact that an oil "crisis" is unlikely, the fact remains that prices, and not supply will become the main issue of concern. If we are talking about the oil market per se, India can do little in terms of increasing supply given its limited reserves and growing demand, and it will have to keep importing the same. Apart from diversifying oil import sources from the Middle East region and looking at tying up long term deals with other countries (Africa, Latin America, Russia) to take advantage of preferential pricing in the short term, as well as investing in foreign oil blocks/equity, India should do the following for the medium to long term:

    1. Reduce demand by initiating better demand management.

    2. Implement recommendations on subsidies on oil pricing to reflect the real price of oil, which in turn can reduce demand.

    3. Introduce strict norms for auto industry (which is the largest consumer of oil), in terms of energy efficient technology.

    4. Improve and encourage mass transport as against private vehicles.

    5. Invest more in R&D to hasten the transition to third generation cellulosic biofuels.

    Relevance of an East China Sea dispute to India

    China’s conduct on the Chunxiao issue indicates that it may go ahead with plans regardless of a pending dispute when a vital strategic goal has to be achieved.

    March 24, 2011

    Japan’s Energy Dilemma

    In the wake of Fukushima Japan may place greater emphasis on LNG and renewable sources of energy like solar and hydro power.

    March 24, 2011

    West Asia and Oil Politics

    Today hardly any part of the world is untouched by the interplay of oil and international politics. Consumers as well as producers are concerned about the impact of national and international events that increase or restrict the supply of energy. Given that the West Asian region holds the world's largest residual oil and gas resources, the article seeks to analyse the importance of West Asia in the context of the changing geopolitical situation and its impact on the current oil market. The article also focuses on the issue of the petrodollar and looks at its impact on the oil market.

    March 2011

    Energy Crisis and Potential in Bangladesh

    The present energy crisis in Bangladesh is partly due to over-dependence on gas which fulfils more than 70 per cent of its energy needs. The present gas deficit against the national demand on a daily basis is expected to increase further in the future. The crisis will deepen unless a greater share of indigenous coal is included in the energy mix. The geological and social constraints of an over-populated fertile agricultural land area remain an obstacle to large-scale coal mining and this has to be addressed rationally.

    March 2011

    Oil in China: Reserves, Production and Export Potential

    The latest addition to the Chinese ‘enigma’ is its oil potential. There have been various accounts, of late, in influential journals and important documents attempting to unravel the mystery surrounding Chinese oil. As it happens, most of them have helped only to further deepen it.

    November 2010

    Pakistan's Energy Security: Challenges and Options

    Development prospects and economic growth in Pakistan, like in most other countries, will hinge on securing sustainable energy supplies. The Pakistan government has developed a strategy to enhance its energy production by 2030. This article explores the problems faced by the Pakistan government in optimising its use of indigenous energy resources and the implications that future plans to strengthen its energy security may have for its domestic and foreign policy.

    November 2010

    Russia Abandons the ‘Energy Super-Power’ Idea but Lacks Energy for ‘Modernisation’

    The energy sector since the mid-2000s has acquired top priority in Russian state affairs, but since late 2008 it has also become the epicentre of the economic disaster that still continues to affect Russia. President Medvedev has effectively discarded the notion of Russia as an 'energy super-power' and is now focusing on 'modernisation' for Russia's development. But coherence of this course is problematic because the bulk of new investments must go into the energy sector in order to sustain the high revenues.

    November 2010

    Energy-Related Border Trade Measures: Can They Lead to Trade Wars?

    Following the recent economic crisis, concerns over the revival of trade protectionism have surfaced, with some countries imposing or threatening to impose highly trade-distorting legislation to help their domestic industries compete in world markets, raising the spectre of a potential trade war. This paper looks at the attempts by some of the developed countries to introduce trade measures using the issue of climate change as a Trojan horse, to ensure that they do not lose out to the emerging economies.

    November 2010