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Crude lessons: Reversing slide in domestic output now a strategic necessity

India can, if necessary, switch to many alternate suppliers without much additional cost

donald trump
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Many believe Mr Trump’s geopolitical strategies mesh with the drive to sustain US production and exports of oil by keeping prices stable at present high levels.

Ranjan Mathai

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United States President Donald Trump’s tariff barrage against India for buying Russian oil might be a crude strategy — both to pressure Russian President Vladimir Putin on Ukraine and to extract concessions from our trade negotiators. But Mr Trump’s claim that a US company could unlock Pakistan’s “massive” oil reserves — and that some might get sold to India — adds insult to our injury!
 
India can, if necessary, switch to many alternate suppliers without much additional cost. (Official statements suggest the 5 million barrels per day we import are now sourced from 40 different
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