India’s policy on oil and gas exploration and production

I have just published an op-ed article on India’s oil and gas exploration and production policy.  It appeared in Business Line, India’s leading business newspaper.  The main argument is:

That India does not fit ‘Big Oil’s’ strategy need not be disappointing. As the country’s economy grows, ‘Big Oil’ will have to find new business models to engage an emerging market of more than a billion people.

Irrational exuberance or legit joy?

The New York Times has published a piece commenting on the flood of recent oil field discoveries, far exceeding the pace in this decade. Much as this is cause for joy, new oil finds are deeper, costlier, and more difficult to process. Finally, we ought to have a few more data points before calling a curve.