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Jaimini Bhagwati: Strategic oil reserves and other options

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Jaimini Bhagwati New Delhi

BP*

RDS**

NIEPSNIEPSNIEPS 1996

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4,2270.388,886

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199711,7321.645,4780.337,753

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19988,1441.152,7140.20350

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19997,9101.124,7040.288,5842.12 200015,8062.2510,2090.5312,7193.46 200115,3202.166,6170.3810,6641.45 200211,4601.626,8720.259,6591.38 200321,5103.1512,6810.5612,3951.77 200425,3303.8917,8840.7119,2572.77 200536,1305.7122,4480.9226,2613.84 200639,5006.62

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BP* - British Petroleum; RDS** - Royal Dutch Shell
Source: Company net income statements

 Although opinions vary widely, the Iraq war, which started in March 2003, and the continuing tension in West Asia are estimated to have raised the price of oil by about $10 per barrel. Iraq
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Feb 08 2007 | 12:00 AM IST

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