Fracking presents a new challenge for OPEC, as well as opportunities. The International Energy Agency (IEA) predicts that, over the next five years, one-third of the new oil production of the world will be developed in the USA. By 2020, the US will be a net exporter of gas. By 2035. It will be energy self-sufficient, they say. The IEA …
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India: BJP’s Narendra Modi wins handsomely in general elections, Indian stock markets soar
On Friday, Narendra Modi dominated the polls to win the general elections in India, utterly trouncing the Nehru-Gandhi dynasty from power in the center, in a major political shift in the country. Modi’s landslide victory, the largest margin of victory in general elections in India for the past thirty years, was welcomed by a blistering rally in Indian stock markets …
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