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.
Considering that Sri Lanka owes more than $50 billion in foreign debt, it remains uncertain how it compensated for the Russian crude. But the deal has been done as Russian oil is saving Sri Lanka from an energy crisis.
The Sri Lankan government has announced that citizens should not wait in line for petrol as the crisis-hit Sri Lanka defaults on debt and runs out of fuel.
Sri Lanka merely has enough petrol to span a single day, and the country’s new prime minister has cautioned that power shortages could last up to 15 hours every day, as it confront its biggest economic crisis ever since independence in 1948.
U.S. oil refineries that are unable to sell a dirty fuel waste product at home are exporting vast quantities of it to India instead. In 2016, the U.S. sent more than 8 million metric tons of dirty petcoke to India. That’s about 20 times more than in 2010, and enough
In the first part of this Energy Crisis Series: India’s Dependence On Oil & A Solution For A Sustainable Future we saw how after Independence, India has slowly descended from energy sufficiency into an oil dependent energy slavery economy through the model of unsustainable development advocated by the west and adopted
An analysis into Methane Bio Gas as core of the future energy Self Sufficiency of yet to develop India in the new millennium as on only tool of Clean India Introduction It is a great wonder and surprise for all of us that the current Prime Minister of India declared the
Global oil prices have fallen sharply over the past seven months, leading to significant revenue shortfalls in many energy exporting nations however it has been seen as an opportunity for energy importing countries. From 2010 until mid-2014, world oil prices had been fairly stable, at around $110 a barrel. But
