Page-10 of GS-III: Infrastructure Energy Sector
Discuss the implications of deregulation of the petroleum prices on economy.
For many years, government has subsidized energy with the objective of protecting consumers from international price volatility. But, in recent past; government has deregulated the prices of petrola nd diesel to reduce the subsidies burden. Implications The policy allows oil ..
Topics: GS-III: Infrastructure Energy Sector
"In last one and half year, the Global oil prices have fallen sharply."Examine the reasons and its implications for oil producers, consumers and environment.
The fall of oil prices globally can be cited by reasons: Low demand due to weak economic activities Growing switch away from oil to other fuels USA has become the world’s largest oil producer Saudis and their Gulf allies have ..
Topics: GS-III: Infrastructure Energy Sector
Cheaper oil will not eliminate structural challenges facing Asia's biggest economies although it presents a huge opportunity for both India and China. Explain.
India has all reasons to be pleased as the oil trends will spell a huge improvement in current account deficit, correct the government’s balance sheet and also tame inflation considerably. The government has to maintain a smart balance between cutting and ..
Topics: GS-III: Infrastructure Energy Sector
"The Plasma Pulse Technology (PPT) seems to be an answer to significant environment costs of traditional shale gas production technologies."Discuss.
Plasma Pulse Technology is one of the so called Enhanced Oil Recovery (EOR) technologies developed to overcome the disadvantages of commonly used fracking technology to recover gas and oil from shale rock. The technology is being cited as the main ..
Topics: GS-III: Infrastructure Energy Sector
What do you understand by energy security? Critically examine the link between Food, Water and Energy Securities.
Energy security is defined as the uninterrupted availability of energy sources at an affordable price. Water is required in extraction, mining, and refining processes for mineral fuels like coal, producing electricity, and as drinking water. Conversely, energy is required in ..
Topics: GS-III: Infrastructure Energy Sector
Critically examine the circumstances that led to Oil Crisis of 1973. To what extent similar circumstances might appear in near future? Discuss.
The collapse of Bretton Woods system was the major factor behind rise in oil prices and oil crisis of 1973.Earlier to 1973, the medium of exchange for US and many other countries was Gold. But, with the collapse of system ..