The Reality Of India-US Nuclear Deal

The deal has come through at a time of soaring petroleum prices and also when the threat of peak oil has come to be accepted as a reality by trade pundits. The last decade saw the growing economies of India and China putting pressure on the global supply of fossil fuels consuming ever larger quantities. As the threat of peak oil lurk in the not so distant future it was imperative for the world

Some History

In the Cabinet reshuffle of last month , Mani Shankar Aiyar was stripped of the Petroleum, Oil and Natural Gas portfolio at a critical juncture in the trajectory of India’s energy economy. The charge was transferred to Murli Deora, one of India’s most right-wing, pro-U.S., and pro-big business politicians.

Mani Shankar Aiyar had been named by several of India