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Articles by Bhamy V ShenoySubscribe to Bhamy V Shenoy

Forecasting Crude Oil Prices

Vol. 53, Issue No. 19, 12 May, 2018
Bhamy V Shenoy

The history of oil forecasting has shown that no oil expert has been successful in predicting oil prices. This is due to the inability to either anticipate or accurately predict geopolitical scenarios, world oil supply/demand, and the impact of the spare capacity of oil exporters. Moreover, the oil futures market has not only failed to predict prices, but caused higher volatility and converted the oil market into a veritable gambling casino.

Need to Redo the Draft National Energy Policy

Vol. 52, Issue No. 30, 29 Jul, 2017
Bhamy V Shenoy

NITI Aayog’s Draft National Energy Policy has numerous suggestions to make but has not underlined those of critical importance. In recent years, the cost of solar and wind energy has fallen dramatically. The focus on peak oil supply has been replaced by peak oil demand. The end of the coal era has already begun. DNEP’s energy mix does not reflect these developments. Hence, NITI Aayog should redo its draft energy policy with a well-developed road map.

Does India Need a Giant Integrated Oil Company?

Vol. 52, Issue No. 14, 08 Apr, 2017
Bhamy V Shenoy

Over the last 22 years, there have been attempts by different governments to merge state-owned oil companies to create a mega company. Two different advisory committees have recommended against it. This article analyses different mega merger alternatives using a multiple criteria methodology based on eight factors to show that the formation of such a company could have a negative impact on energy security and competitiveness.

Political Security or Energy Security?

Vol. 52, Issue No. 5, 04 Feb, 2017
Bhamy V Shenoy

The Oil and Natural Gas Corporation’s decision to buy 80% of Gujarat State Petroleum Corporation’s interests in the Krishna Godavari basin for $1.2 billion could be a calculated gamble. While the deal has been criticised as a rescue operation to save GSPC from bankruptcy, this article attempts to take a more dispassionate look at it both from the angles of commercial interest and promoting India’s energy security. 

 

Deconstructing Government's LPG Subsidy Savings Claim

Vol. 51, Issue No. 46, 12 Nov, 2016
Bhamy V Shenoy

The Comptroller and Auditor General report on the implementation of PAHAL, India's ambitious direct benefit transfer for LPG scheme, debunks the government's exaggerated subsidy savings claim. To improve the efficacy of the subsidy delivery mechanism and curb diversion of subsidised domestic LPG to the black market, the government should take serious note of the recommendations made in the CAG report.

ONGC Shareholders Must Object

Vol. 51, Issue No. 39, 24 Sep, 2016
Bhamy V Shenoy

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