Reasons:
- Self-sustaining economies dont depend on oil or have their own oil production.
- Saudi and oil giants are talking about revaluation of currencies since they got the oil and gives them the power to do so.
- USA goes after countries that have oil and are not friendly with them.
- USA literally licks asses of countries that have maximum oil.
- When oil prices go high, everything in the market goes high.
- Any country that wants to be independent should either find a substitute for oil for its energy or have very good relations with countries that have oil.
- 70 % of India's oil consumption is imported. Unless India starts projects to replace oil dependency, it would become hard for India. A friend of mine mentioned that nuclear power would be great to use. Especially for industries we can use nuclear energy and its derivatives. But the problem is India doesnt have much of uranium. Thorium is abundant. India should invest in developing a technique to use thorium for nuclear energy generation. If we can do that, we would be a great self-dependent energy supplier and can boast our economy.
There is an imminent need to find alternate energy sources to keep the rising oil prices in check. Brazil invested massively in sugar based ethanol industry so much that 1/3rd of their vehicles now run on domestic grown fuel. India should also do that.
Sometimes I wish I would be in politics to get such reforms. I dont know, may be I would join politics sometimes later in life.
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2 comments:
What is it that you want to say here
I dint understand what you wrote.
I do agree that the whole world is after fuel and oil and natural resources..but could not understand what you are trying to say
thats why the blogs name is hazy thoughts :)
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