Updates
Later, 4:38 p.m. CT a reader asks -- will the new Indian refineries be optimized for light oil for for heavy oil? My reply:
India turning to US / western drillers only makes sense.
- Russia is unreliable and has limited growth capacity.
- China is even less reliable, has limited growth capacity, and will probably need any oil it has for its down domestic requirements.
- Mideast oil tends to be heavier, and India needs gasoline.
Original Post
For background, one may want to click on demographics India.
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