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Wednesday, October 11, 2006

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CurlyWurly

"Few know that the world's third-largest refinery complex lies off the Indian shore - nor that India is now a net exporter of oil."
The article mentions something about India being a net exporter of "refined petroleum products", not "oil."

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India to fill the oil production gap in the United States and Europe. Thank you, come again
Umm, they aren't producing oil at this facility, they are using oil and converting it to other things (like gasoline). It makes sense for countries like India and China to be doing this, they have comparitive advantages on cheap semi-skilled labour and cost of living, so economically plants like these are very likely to be extremely profitable in todays market.

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