Oil in India's energy future
Publication Year: 2005
Author(s): Rajendra K Pachauri
WAY back in 1985 I authored a book on the global oil market, The Political Economy of Global Energy (Johns Hopkins University Press). The publishers, who were extremely enthusiastic about the book, produced a larger than usual print run. But soon after it appeared in the market, there was a sharp crash in oil prices, contrary to my predictions of further increases that I had estimated would take place in the second half of the 1980s. My only consolation was that almost every other analyst was also proved wrong.
Source: Seminar 555, November 2005: 52-56p.
Publisher/Organisation: India Seminar