Global Oil Reserves

In an oil-intensive economic age, everyday we are reminded that we will run out of oil in the next few years. So what exactly is the reserve base today and how long will it last? Here's a video from British Petroleum, one of the world's largest energy companies.




Source: The Economist
http://www.economist.com/daily/chartgallery/displayStory.cfm?story_id=13851376

GoI's Energy Policy and Other Recommended Readings

India is one of the largest importers & consumers of oil & gas in the world. The Government of India's energy policy, like most of its policies, has seldom been transparent. Eminent economic analyst Surjit Bhalla of Oxus Investments analyses the GoI's figure-juggling, and at times, convulated, energy policy.

Continuing the post-1991 Russian story of corruption, here's another story on how the Russian bureaucracy steals one-third of the annual budget.

Pervez Musharraf has seen better days. I guess the former General should cheer up for the worst is yet to come.

Check another incisive article on the Pakistani President; this time it is from the venerable Al Jazeera.