The fact that New Delhi is defying Washington's call for a boycott of Russia demonstrates the West's declining influence over the rest of the globe. Now, India is set to get Russian oil to avert power crisis triggered by heatwave ignoring western sanctions.
A recent report announced that the African country of Chad has nationalized ExxonMobil's assets.
Despite being one of the richest nations in the world, Switzerland is one of the least energy self-sufficient, with domestic power production only meeting 25% of the nation's energy requirements. The current situation has become so dire that Switzerland’s environment minister is suggesting that people shower together in order to save energy.
Israel and Lebanon announced earlier this month that they had come to an agreement over their maritime border, a historic step in diplomacy that should help boost the natural gas output of both countries. As the world battles gas shortages going into the winter months, this deal provides a ray of hope for global energy markets in the future.
Joe Biden has officially declared that the US is now under an energy emergency and is blaming Russia and the Russia-Ukraine conflict for this crisis.
The downside of wind energy on Gujarat's coast is that the continuous motion of the blades creates a constant interplay of light and shadow, and occasional oil leaks can cause unpleasant odors.
‘Clean’, like ‘smart’, has become the prerequisite for all technology. Both are myths.
Reliance has announced to invest $50 million in Breakthrough Energy Ventures owned by Bill Gates and George Soros.
In free markets, commodities bought and sold possess perceived value. When a buyer and seller reach an agreed upon price for any product, there is a "meeting of the minds." The value of any natural raw material is proportional to its scarcity. The more of it there is, and the more easily it can be obtained, the less value it holds. A vendor who sells ordinary rocks cannot make a living when his product is found freely all over the ground. If he transacts in gold or silver, diamonds or rubies, however, his hard-to-find "rocks" are worth a small fortune. If only there were a way to turn ordinary rocks into valuable commodities!
With oil and energy becoming a major source of worry for billions of people as 2022 drags on, India has positioned itself in quite a nice situation. This is predicated on the fact that Russia has become India's second largest oil supplier.
