“Proponents of petroleum taxes argue that the tax would significantly increase revenue thus reduce fiscal deficit and consequently lower interest rates and raise investment. Opponents of petroleum taxes counter that it would not reduce the fiscal deficit significantly when all of its economic effects are taken into account, increase inflation and impose financial hardship on low and middle-income families…”

The Economics of Climate Change?

“If a wider range of risks and impacts is taken into account, the estimates of damage could rise to 20 per cent of GDP or more. In contrast, the costs of action- reducing greenhouse gas emissions to avoid the worst impacts of climate change- can be limited to around 1 per cent of global GDP each year...”

News
OIL & GAS

Indian oilcos may get stake in Sakhalin-III

Oil companies' margins rise as crude falls

RIL plans Russian foray 

Iran, India, Pakistan agree on gas pricing formula

Iran moots OPEC style gas group with Russia

Shanghai to get LNG supply from Malaysia

POWER

Power min seeks to streamline duties

India Power Fund to be operational by fiscal end

IFC to fund ultra mega projects

Russia may build 10 N-power units in India

PowerGrid in talks with US firm

China eyes 840 GW power capacity by ’10