IEA warning: Indian policy makers can ignore it at its own peril
Jun 16:
The world's most influential energy agency, the IEA, has made it clear that there is no economic rationale for looking for any more oil and gas globally. 8This is a statement that Indian policy makers or even E&P operators exploring for oil or gas, can ignore at their own peril. 8All that can be afforded now is investments in existing fields, the IEA has made clear. 8Even this happens, there are those who are warning that there will be a shortfall in oil because investments are low, and there are now projections that oil may touch the $100/bbl mark. Click on Reports for more