Drumbeat: August 1, 2012

[Javaman]

http://www.theoildrum.com/node/9380

[JustinAhalpern]

1. Solar power?

China is investing billions of dollars into solar power. Why isn't India doing the same?
And which party is most at fault for the lack of other power options?

from the webpage:
"Diesel demand is very high, about 25 percent growth in some states, mainly due to power shortages. The blackout is a one-off case, but otherwise demand is high due to power shortages. It should ease out in the next one or two months," Bharat Petroleum Corp Chairman R. K. Singh told Reuters.

Last year, around 15 percent of total diesel demand of about 1.4 million barrels per day (bpd) in India was consumed for power generation, said Victor Shum at consultant Purvin & Gertz.

"I expect increased use of diesel-fuel power generators in the near term when the government tries to find solutions to the power grid failure. Diesel consumption should therefore increase, further boosting diesel crack spreads in the region."