Energy security Energy security is one of the areas where the government needs to work. The lack in the reforms, governance is doing no good to the state. Policy needs to be formulated so that investment in Oil overseas could be supported and also embargoes could be secured. Videocon Industries recently announced the selling of […]
Use of Natural Gas Massive discoveries of natural gas reserves in shale gas formations has meant that the prices in USA have gone down substantially and new power plants/ infrastructure are being developed to use natural gas as fuel. Even as crude oil and coal prices have gone through the roof, natural gas prices have dived. […]
Commodity Markets India The shallow commodity markets in India are being blatantly manipulated by industry cartels and big brokers who through hoarding and circular trading are jacking up the prices of crucial agricultural commodities. Note last prices of guar gum and guar seed had gone up by an astounding 10x as some powerful agri-trading firms […]
Natural Gas New technology for drilling Natural Gas in Shale Formations in America has brought a paradigm change in the Energy Market at least in North America. The price of natural gas has fallen precipitously even as its price proxy Crude Oil continues to remain in 3 digits.While there are a number of skeptics about […]
While Shale Gas extraction continues unabated in the USA leading to a massive oversupply and a price crash in natural gas, the environmental dangers continue to be overlooked. Note a number of investigations have been launched by EPA and others into the potential dangers of Shale Gas. The process of Hydraulic Fracking which involves pushing […]
Shale Gas Technology has completely changed the Oil and Gas Picture in North America.Natural Gas prices have touched new low below $3/mmbtu as massive discoveries and production of shale gas has led to a glut.With the Technology being exported to other countries,it is expected that Natural Gas may take over from Coal as the preferred choice of electricity power generation.China and India are already taking out tenders for shale gas blocks.However Shale Gas has a nasty side effect which is normally not talked about.The cases have kept increasing though the mainstream media and the powerful oil lobby has tried its best to supress it.The first one is water contamination which I had written about earlier