Well, here is some data. India’s crude oil import bill increased more than 40 percent to $68 billion in 2007-08 following a consistent rise in global crude prices. According to data released by the Ministry of Petroleum and Natural Gas, India imported 121.672 million tons of crude oil for $67.988 billion in 2007-08, as opposed to 111.502 million tons imported for $48.389 billion the previous year. India also imported 22.716 million tons of products such as naphtha, liquefied petroleum gas (LPG) and kerosene for $15.255 billion. The 2.829 million tons of LPG imports cost $2.135 billion, while 5.965 million tons of naphtha cost $4.565 billion. (Source : www.upi.com/energy_resources )
Indians spend a considerable amount of their income towards fuel and related expenses (cost of transportation of daily necessities). Exponential growth of India’s economy has given rise to an exponential need for energy. Fossil fuels (coal, oil, natural gas) are the most commonly used fuel by people. Fossil fuels have been formed from decaying plant and animal matter under pressure for many million years. The fuel that has been formed in millions of years is being used at an alarming rate:
As citizens, what can we do about it? We can become more educated about Oil Conservation and act responsibly. PCRA has some very good tips online for conservation of oil and gas. After going through those tips, I wondered as to how I would follow them. Next time I cook, will I make sure all materials needed for cooking will be available before I switch on the gas? Will I check the tire pressure of my car regularly? Atleast I felt slightly good, that I do plan my trips, and walk short distances instead of using the car (weather... [continues]
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