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Ephemeral Ruminations: The Oil Drum | There is plenty of oil but . . .

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British company to help India harness the power of the sea - Times Online

India, which imports 70 per cent of its oil and relies on modest coal reserves to generate most of its electricity, is on course to become the third-largest user of energy by 2030, behind the US and China. It is scrambling to tackle a gaping power deficit. Alternate energy technologies stand to give India needed energy resources. India has recently stepped up its efforts to tap other renewable energy sources — most notably through a $19 billion plan to develop solar energy.

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