India records highest rise in gas output worldwide. Great news for India. Thanks to RIL for their exploration efforts. Your views?
Asked by Good Citizen, 09 Jul '10 03:41 pm
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Yes its great news for all but the real story is something else!!Answered by dharamender nebhnani, 09 Jul '10 06:14 pm
1)As common men, we all take pride in the above. What we fail to understand is that all such records do not eventually materialize in economic benefit for the common man? Irrespective of private or public companies, all are doing business and they would continue to export the gas to foreign countries to earn dollars for themselves. Reliance today has been emerging as a big exporter in the Petrochemical sector and government does not mind it. Self reliance and self sufficiency remains just in papers and in academic circles for debating purposes. 2)Take a look at how the system works in India today. The abundant availability of mineral resources in most of the Maoist areas has not resulted in the prosperity for them. The same applies for Assam where Indian Oil Company has been pumping out oil for decades. You know the situation there. Both are trouble spots now. Because people feel that they have been cheated by the authorities. That is true. Even in Bellary of Karnataka. The happenin ...moreAnswered by Tony Fernandez, 09 Jul '10 04:31 pm
For close to 5 decades, it was left to the PSU companies to carry out the exploration - it is there for each one of us to see what the result has been. It was of course not the fault of the PSU companies that they stagnated, mired that they were deeply in bureacratic interference and deep corruption in these organisations at all levels. They were happy to be where they were, leading to a state where we had to depend on imports doling out precious hard currency. The actions taken in the post liberalisation period has allowed the private players to scout for oil and gas. It requires huge investments, which earlier the Govt was not ready to sanction to the PSUs. Now with more professional commitment and the attitude of the Govt having changed, even ONGC is in it in a big way. We have to remember that, we are the fifth biggest consumer of energy. We cannot really depend on the proposed Iran pipeline that itself is in trouble and which will be at the mercy of the hostile elements in ...moreAnswered by Omega, 09 Jul '10 06:09 pm
What is the use for common man. Price rise is going like ROCKET.Answered by sajan sajan, 09 Jul '10 04:09 pm
Good news.Answered by shashank rastogi, 09 Jul '10 03:45 pm