The pipeline is of huge significance to the involved countries. The countries reached an agreement last week only. It is a major regional economic cooperation agreement among the countries in this part of the world.
The backdrop of this article is in the fact that the oil prices are skyrocketing again & there is a serious fear among traders all over the world of them touching a high of $100 a barrel !!!!
- The countries involved are ones bearing hostility among them to a great extent.
- It creates a huge mutual interdependence among the countries and demands a high level of trust from all the partners.
- It also helps in energy conservation and ecological concerns. As we know that petroleum is going to be a rare fuel in some years, it is necessary to find our alternatives which are sustainable over time. We have to cut down our dependence on one country for fuel. This is a major step towards that goal.
- It will also increase our (India's) energy efficiency & help reduce the 140Bn $ import bill largely driven by Oil Imports.
- This deal will have the potential to score points over US by all these countries. US is pushing India & Pak to stop co-operation with Iran, Giving Nuclear supplies to India & Remaining silent on Pak based terrorism. While all this Iran is showing both these countries a lolly pop which they can never afford to say no to. So everyone is pushing its ends & making a mockery of US.
- Oil is the fodder both India & Pakistan need thus this deal is the best example of seeing them act selfish forgetting their enimosity & giving in for a deal on oil.
- Also the angle of oil pipeline blockage, sabotage & related blackmail by terrorists & other such elements in Pakistan needs to be looked at very seriously for India's long term security.
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1 comment:
owesome information ! here we see countries making their means to an end even at the cost of forgetting their rivalary !
great - madam keep posting such analysis in future too
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