Acquiring assets on a worldwide scale is strategically important for any country's fruitful implementation of plans for manifold growth and development. It is essential for energy security and sufficiency. With the widespread scarcity of oil sources in the non-OPEC countries acquisition of oil...

Oil is the world‘s biggest and most pervasive business, the greatest of the great industries that arose in the last decades of the nineteenth century.These words of Daniel Yergin in his book, The Prize (1991), which chronicles the development of the world‘s oil industry, highlight the...

Oil is the world's biggest and most pervasive business, the greatest of the great industries that arose in the last decades of the 19th century. The words of Daniel Yergin in his book, "The Prize" (1991), which chronicles the development of the world's oil industry, highlight the importance of...

Currently, it is a fact that many of the world's leading oil producing countries are either politically unstable or are at serious odds with the USA. In the past, a country's military was the sole arbiter of her strength, but today it is the economy that has become nearly as important and all...

‘If you want to rule the world you need to control the oil. All the oil. Anywhere.’ Michel Collon, Monopoly Iraq, Iran, Kuwait, and Saudi Arabia have more proven oil reserves than the rest of the world combined. This Black diamond (Crude Oil) is the world's most important commodity due to...

The Government of India has offered cash subsidy for social sector benefits to the poor. The rationale behind this decision is to check that the amount of subsidy does not go in the wrong hands. This amount of cash paid to the OMC’s earlier will now be replaced by direct cash transfer to the...