I Like essays Essays - Economy, Energy, Business, Hydrocarbons

I Like essays 832 Words Short Essay on india and oil crisis By Kunal Jeet After the Fourth Arab-Israel War in October, 1973, the oil-producing Arab countries decided to use oil as a political weapon against countries like U.S A U.K., France, Germany, Holland, etc. which had been supporting Israel. This created a scarcity of oil in the world market. The price of crude oil, which in 1973 was only two dollars a barrel, increased to 30 dollars a barrel in 1974. This unprecedented price hike of oil made the financial position of a number of countries precarious and plunged them into economic crisis. The worst-hit countries were the advanced countries whose industries depended largely on oil. The use of oil in these countries was very high and extensive. They used it for generation of electricity and running their industries. They also used it for transport and air conditioning. Thus oil occupied a very important place in the economy of these countries. The oil crisis of 1974 not only affected the countries who were supporters of Israel but it also hit hard countries like India which had never supported Israel but had been friendly to the Arab cause. Before the oil crisis, India was spending only 11 per cent of her foreign exchange earnings on the import of oil but after the oil crisis, India had to spend nearly 65 per cent of its hard-earned foreign exchange on the import of oil. The plight of a country which spends of its foreign exchange earnings on the import of oil alone can be better imagined than described. In order to face the oil crisis, India decided to (i) curb consumption of petroleum products for non-essential uses, (ii) develop alternative sources of energy, and (iii) make all out efforts to attain self-sufficiency in oil by stepping up oil exploration activities on-shore and off-shore. In India, oil exploration began as early as in 1866. The Oil and Natural Gas Commission (ONGC) which was set up on 14th August, 1956, achieved its first success in 1960 when oil was struck at Ankleshwar in Gujarat. This was followed by the discovery of oil at Kalol in Guj arat and at Rudrasagar in Assam in 196 > and at Sanand in Gujarat in 1962. In 1970, ONGC started off-shore drilling-Its major breakthrough in offshore drilling was achieved in 1974 when oil was struck at Bombay High. In 1981, the Government of India set up the Oil India Ltd., another public sector undertaking for oil exploration in the country. In order to supplement the efforts of ONGC and OIL, the Government also invited foreign oil companies of repute to take up oil exploration in certain selected blocks in India. The petroleum industry in India has made headway only after Independence. Starting from a modest level of indigenous crude production of around 2.5 lakh tonnes and consumption of 31 lakh tonnes in 1950-51, crude oil production during 1993-1994 was 270.2 lakh tonnes, and the consumption level around 5.2 crore tonnes. India has at present 12 refineries, all in the public sector. During the year 2008-09, crude oil production has been 33.51 million metric tonnes (MMT) with natural gas at 32.85 billion cubic metre (BCM). Natural gas production in 2009-10 is targeted to be about 52.116 BCM. During the financial year 2008-09, imports of crude oil has been 128.16 MMTvaluedat US$73.97 billion. Imports of crude oil during 2007-08 was 121.67 MMT valued at US$ 58.98 billion. This marked an increase of 5.33 per cent during 2008-09 in quantity terms and increased by 25.37 per cent in value terms. During the financial year 2008-09, exports of petroleum products in quantity terms is 36.93 MMT value at US $ 25.41 billion marking an increase of 6.02 per cent in value terms compared to 2007-08. New Exploration Licensing Policy (NELP) provides an international class fiscal and contract framework for Exploration and Production of Hydrocarbons. In the first seven rounds of NELP spanning 2000-2009, Production Sharing Contracts (PSCs) for 203 exploration blocks have been signed. Under NELP, 70 oil and gas discoveries have been made by private/joint venture (JV) companies in 20 blocks. With a view to accelerate further the pace of exploration, the eighth round of NELP was launched in April 2009. In the eighth round

Rachael Carson essays

Rachael Carson essays Would you want to know if the pesticides that were being sprayed on and around your homes would, in later years, cause cancer? That was Rachael Carsons intended purpose: to make the general public aware of the harmful pesticides used in and around their neighborhoods. Carson stated that chemical treatment of soils led to the destruction of beneficial biological species, and that such destruction resulted in imbalance to the ecosystem. In human safety, Carson pointed out the exposure to or ingestion of various products, each at individually safe levels, taken together, could lead to health problems (mental and cancer). Despite attempts by the chemical industry to dismiss Carsons science, her work is credited with beginning the American environmental movement, the creation of the Environment Protection Agency, and the 1972 ban on DDT. I dont believe that Rachael Carson had any weaknesses in her line of argument. She stated things that were clinically proven through extensive research that she concluded while working for seventeen years at the US Fish and Wildlife Service. The only problem with her argument is that she was just ahead of her time with all the information she was uncovering about the chemicals that were being used. People didnt think about their health, they just thought how the pesticides were going to help them. All the people wanted to hear was the positive aspects of agricultural chemicals. Her language was put in simple terms and was straight to the point with her statements and facts. She did this to allow the general public to be able to absorb the information she provided for their benefit. I also believe she put her information in simple text so that she would not come off as a know it all scientist trying to become famous for her research. Instead she wanted people to feel as she was simply putting out the information for the peoples benefit. We are s ...