Opinion - Letters to the Editor   

Oil price hike

Sir, — Since the first oil price shock of the 1970s, though there has been universal awareness on oil price volatility due to supply side shocks, successive governments have done little other than tinkering with the administered prices of petroleum products. Such an approach is characterised more by political expediency rather than by wisdom. The Government should think of technological innovation in fuel efficiency enhancement, automobile performance improvement, surface transport infrastructure development, etc. A national oil reserve, which can be tapped during peaks of global oil supply shortage and supplemented during lean periods of international oil price, should be developed.

P.V.E. Warrier,
Thiruvananthapuram

Printer friendly page  
Send this article to Friends by E-Mail

Opinion

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

STRATEGIC PARTNERSHIP
NOT REALLY GREEN
Two gods, one message
Little sympathy for Mrs. Arafat
"The brand became larger than the product"
A hasty decision?
Don't write it off
Prosecuting Ministers
IAF promotions
Oil price hike
Timely proposal
Old age homes

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu