The recent downslide in crude oil prices from a peak of US $147 a barrel to below $40 and speculated to fall further to $25 has evidently provided relief to oil importing countries, which have been triply inflicted by huge oil pool deficits, growing food prices and global economic downturn. But based on current oil market fundamentals and past experience, there is no reason not to believe that the current fall in oil prices is likely to be temporary. Sooner or later prices will rise and may even be higher than the recent peak because of two particular reasons.

• Zakir Hussain
• January 09, 2009
• IDSA Comments

The November 2008 Mumbai terrorist attacks have highlighted the new challenges posed by cyberwar. A faked telephone call from the India Foreign Minister to the Pakistani President caused a diplomatic flutter. It appears that the new civilian leadership in Pakistan was not aware of diplomatic protocol involved in such telephonic contacts and was fooled into believing that this was indeed a genuine communication.

• P. K. Gautam
• December 31, 2008
• IDSA Comments

In the just concluded two-day conference at the IDSA on “Changing Political Context in India’s Neighbourhood: Prospects of Regional Cooperation”, Dr Hari P. Bhattaria from Tribhuvan University, Nepal alluded to the problem of integration of over 19,000 former Maoists in the Nepal Army or para-military forces in Security Sector Reforms.

• P. K. Gautam
• November 11, 2008
• IDSA Comments

As the saying goes, everything that goes up had to come down. The same holds true for the price of oil, which has seen a slide of around 55% in just three months. At one point of time there were even predictions that prices would reach $200 a barrel. However, currently, the price of oil has dropped to $68 a barrel, from a high of over $147 in July this year. But the question is how and more importantly, why did this happen, and in such a short time.

• Shebonti Ray Dadwal
• October 24, 2008
• IDSA Comments

The Russia-Georgia conflict has caused several analysts to state that Moscow’s main goal was to ensure its energy dominance in the region. Though this may not be entirely correct – other Russian security interests were equally at play – energy issues did have a large role. Ever since Vladimir Putin took over the reins, he had time and again reiterated the importance of energy in Russia’s regional, and indeed its global, policy. It is well known that Moscow will not allow its supremacy to be compromised. Putin’s successor Dmitry Medvedev appears to be continuing with his mentor’s policy.

• Shebonti Ray Dadwal
• September 04, 2008
• IDSA Comments

The term “environment” has come to be used in security discourse at three levels. At the first level is the issue of the degradation of the natural resource base, exhaustion of renewable resources and the upsetting of ecosystems by human action, all of which are contributing to environmental degradation and global climate change. The second level is the link between environment and war. Preparations for war and the use of nuclear and other weapons of mass destruction have caused the maximum damage to the environment.

• P. K. Gautam
• May 16, 2008
• IDSA Comments

2007 will be remembered as the year of climate change and high oil prices. Starting with the first of the four reports of the Inter-Governmental Panel on Climate Change (IPCC), the debate culminated in the award of the Nobel Peace Prize to Al Gore and the IPCC. Even the ill-fated Bali conference which failed to provide concrete direction to the future of international environmental policy reinforced the need for swift global action to curb carbon emissions.

• Priyadarshini Singh
• January 01, 2008
• IDSA Comments

For the last one year regular installments of reports and analyses have appeared in the media on the challenges countries would face as a result of climate change and its mitigation and adaptation has been on the top of the agenda. The most recent one is the release of the Human Development Report 2007/2008, Fighting climate change: Human solidarity in a divided world or HDR.

• P. K. Gautam
• December 05, 2007
• IDSA Comments

Thomas Friedman noted that "the price of oil and pace of freedom always move in opposite directions." This trend, which he cited in the case of Russia, Iran, and Venezuela, can be equally applied to Myanmar as well. Though pro-democratic forces have been active in Myanmar earlier as well, the public display of dissent in recent days is unprecedented and demonstrates the increasing disenchantment against almost two decades of military rule. Since the junta came to power, economic conditions have deteriorated and poverty has increased.

• J Nandakumar
• October 04, 2007
• IDSA Comments

Overseas energy being a key factor in India's economic development, it is necessary to think whether we need to treat the country's global quest for energy resources as a purely commercial interaction with the energy market or as a larger strategy involving diplomatic activism. While not ignoring the importance of nuclear or alternative sources in the country's energy landscape, we need to understand that petroleum sources would continue to be indispensable for India's fuel economy in the foreseeable future.

• J Nandakumar
• August 16, 2007
• IDSA Comments