Research

Leonardo Maugeri writes that oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020—possibly prompting a plunge or even a collapse in oil prices.

Faced with high oil prices and increasing oil imports to meet the country’s rising demand for transportation fuels, there is now a perception that India’s energy security is threatened. While the production of biodiesel has now become a national mission, CTL fuels are also gaining currency as a commercially attractive proposition because of the potentially cleaner characteristics.