Wednesday, August 29, 2007
Fuel For Survival
The momentum oil imperialism has gained in recent years only goes to forecast a world crisscrossed by oil and natural gas pipelines in the near future. In this fiercely competitive world always on the move, a developing country like India, where the gulf between the indigenous demand for and supply of petroleum is widening by the day, can ill-afford to abstain itself from the oil-possession rat-race. The initiatives of ONGC Videsh Ltd. in exploring the petroleum resources beyond India's international boundaries should be encouraged. However, India with its huge resource of immensely talented brains, has to look out for economical production, distribution and utilisation of non-conventional inexhaustible energy sources, because in any case, the economically viable petroleum resources are fast getting depleted and there is no reason to take it for granted that the currently explored potential oilfields will have virtually inexhaustible quantities of fuel.
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