This book examines concisely and readably how the discovery of oil and natural gas transformed the six oil kingdoms of the Gulf, but profligate energy consumption at home challenged the basis of this very prosperity. It goes on to look at how these countries dealt with the economic crises that struck them
Fellow, Energy & Environment Studies Programme
Amit has worked in the business media and financial markets for over a decade. He started his career with Economic Times, where he tracked the energy sector. He was a part of the start up team of ET Now, the business news channel. Amit was responsible for setting up India Reality Research, a new research outfit within CLSA India, a stock broking firm. He has also worked with Deccan Chronicle Group as the business editor for their general dailies. He holds an Masters in Business Administration from IIM- Ahmedabad and a Bachelors degree in Technology from IT-BHU. Download high-res bio image
Geopolitics of energy sources and supplies, energy technology and global energy markets
Last modified: March 12, 2020
The immediate panic in the aftermath of the missile attack on Saudi Aramco’s facility at Abqaiq underlines the still-critical role of the Kingdom to the world economy. The subsequent recovery of oil production – with no disruption – showed that Saudi Arabia is a reliable partner/guarantor of energy supplies. Our Energy and Environment fellow Amit Bhandari was in Riyadh recently for a conference, and describes a post-Abqaiq Saudi Arabia
The attack on Saudi Aramco’s oil processing facility at Abqaiq has turned out to be less damaging than feared. It nevertheless holds lessons for India, which can begin securing itself against similar events in the future
India and Russia need to invest more in each other’s energy sectors. This will help both countries to secure their energy markets, while protecting India against high energy prices and enabling Russia to hedge against low energy prices. Such investments also can help both countries bypass sanctions on key military hardware suppliers based in Russia.
The global energy scenario has changed in every way – be it in demand, supply or energy type – in the last two decades. The only unchanged component has been the currency of energy trade: the U.S. Dollar. Lately, though, the Chinese Yuan has emerged as a challenger. Can the Indian Rupee be a third contender?
India can catalyse trading in oil on its domestic exchanges, and thereby adjust global oil prices so they reflect the changing patterns of global trade. In the process, this can help Indian companies and government reduce the risks arising from high energy prices. And in the long run, it can give India a more central position in the global financial system
The China-Pakistan Economic Corridor with its unaffordable power projects is one reason for Pakistan’s current economic crisis. Pakistan has ended up with capacity it does not need, relying on fuels it is importing at a high cost
This timely book on a controversial subject attempts to sum up the scope and ambitious scale of the BRI. It does not offer judgement nor copious detail, but shows how an infrastructure project now seems to be the basis of a China-centred global economic system
China’s large investments in Sri Lanka, Pakistan and the Maldives and the economic dependence this creates make it impervious to the internal political upheavals in these countries. This blog explores how it will retain its influence in Sri Lanka regardless of how the turmoil is resolved
The current political unrest in Sri Lanka and coups in Maldives and Zimbabwe bear a Chinese imprint. China’s use of strong-arm tactics smacks of the very behaviour that it had earlier criticised in former colonial powers