(As Published in Deccan Herald on Sunday, July 11th 2010) By Rajeev Gowda Some day, the earth is going to run out of oil. It’s already getting harder to tap. That is why BP was doing risky drilling deep in the Gulf of Mexico. As oil gets scarcer, its price will go up. As China and India demand more oil, the price will go up further. Throw in political turmoil in high-risk oil producing areas and market prices can skyrocket. Two years ago, Arjun Murti, an Indian analyst at Goldman … [Read more...]
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