anoop_mig25
Senior Member
- Joined
- Aug 17, 2009
- Messages
- 5,804
- Likes
- 3,151
US to lead global recovery, bullish on India, says Mukesh Ambani
MUMBAI: Billionaire Mukesh Ambani expects the United States to lead a recovery in the global economy this year and is bullish about the Indian growth story despite the recent glitches. "I am more optimistic than most and my view is that this year we will see the beginning of the recovery, particularly in the US," Ambani said in an interview to a private television.
He said US initiatives in energy would help the entire world. "For many decades we have heard that the US will be independent of the foreign imports of energy. Realistically, it is my judgement this will happen in the next five-seven years. The US has truly found non-conventional energy in shale oil and gas, which will really bring in benefits not only for the people in the US but for (everyone) across the world," Ambani said.
Reliance itself has invested $5.2 billion in the shale business in the US and has set up joint ventures with Chevron, Pioneer Natural Resources and Carrizo Oil & Gas and a midstream joint venture with Pioneer. RILBSE 0.42 %, which operates the world's largest refining complex at Jamnagar, plans to invest 1 lakh crore in the next five years in energy and retail businesses to double its operating profit. The company has diversified into solar power business and expects solar power to become price competitive as compared with power generated from fossil fuel.
======================================================================================================
So basically what some poster are saying here and what i have read from other news source is correct
And i have hread that for most of its oil and gas consumption USA was dependent upon candana rather them gulf. Am i correct
MUMBAI: Billionaire Mukesh Ambani expects the United States to lead a recovery in the global economy this year and is bullish about the Indian growth story despite the recent glitches. "I am more optimistic than most and my view is that this year we will see the beginning of the recovery, particularly in the US," Ambani said in an interview to a private television.
He said US initiatives in energy would help the entire world. "For many decades we have heard that the US will be independent of the foreign imports of energy. Realistically, it is my judgement this will happen in the next five-seven years. The US has truly found non-conventional energy in shale oil and gas, which will really bring in benefits not only for the people in the US but for (everyone) across the world," Ambani said.
Reliance itself has invested $5.2 billion in the shale business in the US and has set up joint ventures with Chevron, Pioneer Natural Resources and Carrizo Oil & Gas and a midstream joint venture with Pioneer. RILBSE 0.42 %, which operates the world's largest refining complex at Jamnagar, plans to invest 1 lakh crore in the next five years in energy and retail businesses to double its operating profit. The company has diversified into solar power business and expects solar power to become price competitive as compared with power generated from fossil fuel.
======================================================================================================
So basically what some poster are saying here and what i have read from other news source is correct
And i have hread that for most of its oil and gas consumption USA was dependent upon candana rather them gulf. Am i correct
Last edited: