Articles
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No LPG to households with multiple connections from 1 June
State owned oil marketing companies have decided to stop supplies of cooking gas (LPG) refills to households having multiple-connections for which no KYC (Know Your Customer) details have been received, with effect from 1st June 2013. #Economy #ThisisNext #Indian Oil Corporation #LPG
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Cabinet Secretariat rejects Oil Ministry's proposal on gas prices
Oil Ministry's proposal for an across-the-board near doubling of natural gas prices has been rejected by the Cabinet Secretariat saying a ministerial panel headed by Defence Minister A K Antony did not have powers to do so. #NewsTracker #Oil Ministry #Natural gas pricing #Cabinet Panel
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Diesel dearer by Rs 1.02 per litre
Diesel prices were last hiked on 23 March when rates were raised by 45 paisa, excluding VAT. #NewsTracker #Indian Oil #Diesel
Blog posts
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Budget 2012 primer: What does govt spend money on?
Spending on rural employment takes away much needed resources for building infrastructure. Similarly, any loan waiver program will eat into capital spending on infrastructure. #oil prices #Gross Domestic Product #Union budget of India #Deficit #Government debt #Budget 2012 #BudgetAnalysis
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Is India heading the eurozone way?
India's government finances are not as bad as the eurozone, but it is deteriorating rapidly. It is only a matter of time before we get there. #oil prices #Reserve Bank of India #Eurozone #fiscal deficit #Taxation #NotJobsButPassion
Wire
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The Week
17 surprising stats about oil
il! That dark, viscous stuff that makes the world go round — or at the very least greases the great wheels of industry. Oil is so ingrained in the modern world — from fueling your trip to the supermarket to powering armies — that it's hard to wrap your m #Saudi Arabia #Alaska #Africa
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Boston.com
US boom transforming global oil trade
NEW YORK (AP) — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern oil will #Canada #Paris #International Energy Agency
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MyDesert.com | The Desert Sun
Report: Days of oil shortages over as new sources emerge
Developing countries will soon, as a group, consume more oil than developed countries for the first time, according to the International Energy Agency. The Middle East and Asia will need more oil as their economies grow. At the same time, the historical #International Energy Agency #Europe #Canada




