# Oil and Energy cycles of changes have been numerous making it a ” never-stable” industry.
# India itself has had a fair share of uncertainties.
# India has a population of approx 1.3 billion and 80% of the oil requirements are imported to meet the growing demand for oil and energy.
# India has a substantial amount of resource constraints in the field of petroleum and oil. So it has to figure out something very soon- Maybe a business policy to bring the prices down or a novel way to reduce demand. Either way it is an upheaval task.
# Let us take a look at how to solve energy problems in India.
# Immediately, there has to be a concerted effort among the petroleum product producing countries, transiting countries and consuming countries globally that can ease out the current tensions arising because of conflicting interests.
# Indian industries should look at improving oil production processes and manufacturing the best quality products.
# That way it can be an export hub to the world.
# The Indian hydrocarbon and petroleum sectors should get into serious research work to minimize costs and extract the maximum performance from the production systems.
# This can be achieved through R & D work in the respective fields.
# The Govt. of India should play a vital role in establishing and promoting Oil and Energy Industry in India.
# In short, the Indian Oil industry has very good future prospects given it takes the right steps at this time.