IEA warning: Indian policy makers can ignore it at its own peril – 16 Jun 2021

The world's most influential energy agency, the IEA, has made it clear that there is no economic rationale for looking for any more oil and gas globally.

This is a statement that Indian policy makers or even E&P operators exploring for oil or gas, can ignore at their own peril

All that can be afforded now is investments in existing fields, the IEA has made clear

Even this happens, there are those who are warning that there will be a shortfall in oil because investments are low, and there are now projections that oil may touch the $100/bbl mark