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Budget left out 'energy security'

The Budget left out 'energy security'. The only item pertaining to petroleum is the addition of section 80-IB(9) withdrawing 'petroleum & natural gas' from the definition of 'mineral oil', thus affecting tax concessions for the exploration of petroleum. Moreover, the cut in excise on automobiles means more vehicles on the road & increased crude oil imports. World oil production peaking will therefore occur soon, which will keep oil prices at a high & seriously affect economy.

Is the world about to run out of oil?

Of pipelines and pipe dreams