Gujarat sets agenda for energy security

Chief Minister Narendra Modi has rightly linked energy dependence to national security. A hot political debate in Argentina some weeks back was on the Argentinian Government’s decision to nationalise a Spanish-owned oil producer. The move came after that oil company had doubled its estimate of shale oil reserves in Argentina, putting the country behind only China and the United States. The Argentinian debate is not a lone exception. Writing in the Financial Times last month, Sylvia Pfeifer argues that shale could bring energy independence to many nations, freeing them from reliance on imports.

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