"I urge the non-Congress leaders to join hands with Mr. Dasgupta in stopping this loot. Perhaps the Supreme Court, that placed very clear responsibilities on the government while pronouncing its judgment on the gas dispute between the then warring Ambani brothers, will take note of what is going on, especially in light of the CAG’s findings on the KG basin. Let me add that if indeed India is floating on natural gas, raising the wellhead price of dry natural gas to levels unheard of anywhere else in the world is the worst policy option to release this national wealth. Such an option works best when reserves are limited and producers gold plate their investment to extract the much needed energy at higher and higher prices to achieve the investment multiples that current policies guarantee — just as the CAG discovered in the case of KG basin."
Posted on: Mon, 01 Jul 2013 14:15:38 +0000
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