Nov 30, 2005

If only this could be harvested!

Perspective: India's next big business? from CNET

"If you don't get into the Bay of Bengal now, you will be left back as an Okie,"
he said during a presentation at the
International Petroleum Technology Conference last week. "Unless you step into the breach, you may regret one day dismissing me as a raving lunatic."
The optimism is grounded in massive oil deposits, close to 30 billion tons, in Central India. That's twice the size of the deposits in Iraq (13 billion tons, according to the Institute of Petroleum) and just shy of Saudi deposits. With this, India, which imports 70 percent of its oil, could become an exporter, Aiyar hypothesized. Although nations are clamoring to build their economies around clean industries like semiconductor design and outsourcing, there's still a lot to be said for 19th century activities like drilling holes into the ground and blowing up rocks.
Unfortunately, oil is stuck under the
Deccan Traps, a deep layer of volcanic rock created 65 million years ago when the protocontinent Gowandaland smacked into Eurasia. The collision coincided with the extinction of the dinosaurs.

0 comments: