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Q.

An expert geologist has claimed that the Barak Valley is one of the rich reserves of oil and natural gas in the world but this area remains largely unexplored. Pradeep Kumar Nandi, a geologist of repute who worked with ONGC for 26 long years and now retired, said: the region is floating on oil. But the fact that authorities should use more modern technology to explore the volume of oil and gas. Why our Government is not keen?

Tags: money, government, oil
Asked by venkatesaldevarajan, 25 Jun '11 06:07 pm
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Answers (2)

 
1.

It is good that govt is going slow in exploring the fossil fuels. These are not going to last for ever and will have to be preserved for future also. Govts action may be coming out of lethargy, but this is proving to be a blessing in disguise. Imagine a day in the future when most of the Gulf countries go dry on oil (may be as soon as 50 yrs in some countries) and we still have some oil to explore and spare?

Comparatively, Alaska is having more oil than Saudi and USA is just not drilled even a single hole there - saving it for the future. So, let us think that, Barak valley wealth is being preserved for future and bless all lethargic people in govt!
Answered by Shashi LS, 25 Jun '11 06:23 pm

 
  
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As far as i remember i read somewhere that it ia an expensive affair due to demography and terrain of the area and is not cost effective,
re exact reply, sorry this reply can be given only by ONGC officials as to why theyr are not doing it. Govt has sufficient funds , i belieive, but the apparent reason might.be economics and there have to be some hidden poltical reasons also.
Answered by rajan, 25 Jun '11 06:13 pm

 
  
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