This book deal with energy reforms and security with a substantial focus on India and South Asia. It covers a wide range of issues on energy including trends in oil markets, oil diplomacy, political economy of reforms, environment issues, interaction between macroeconomic policies and the energy sector, technology challenges and innovations in the oil industry, and national energy policies.

21st century global realities have altered the concept of national security and energy is fast becoming one of its pivotal components. Energy is the lifeblood of modern societies to drive growth and stimulate economic activity and any slump in its availability can hamper production process and growth. It is particularly critical for India as it depends on energy imports to fuel everything from transportation to communication, and education to health delivery systems. This book illuminates the possible policies and measures to successfully meet the long-term energy challenges. To derive these, the book combines theoretical and empirical issues and draws its conclusions from rigorous methodologies and latest data. It covers a wide range of issues on energy such as trends in oil markets, oil diplomacy, political economy of reforms, environment issues, interaction between macroeconomic policies and the energy sector, technology challenges, and innovations in oil industry. The editor also analyses India's national energy policy and its broad long-term implications towards achieving energy security.

SECTION I: ECONOMICS OF ENERGY AND ECONOMIC GROWTH 1. AN ESSAY IN TWO PARTS IN HONOR OF VIJAY KELKAR 2. A PIONEER'S THINKING AROUND GROWTH FUNDAMENTALS: A TRIBUTE TO DR VIJAY KELKAR 4. THE CHANGING PATTERN OF INDIA'S ENERGY PROFILE: AN INPUT-OUTPUT ANALYSIS OF LINKAGES SECTION II: INTERNATIONAL OIL: NATIONAL AND GLOBAL CONTEXT 4. INTERNATIONAL OIL: NEED FOR A COOPERATIVE REGIME? 5. INDIA'S OIL: THE PAST, THE PRESENT, AND THE FUTURE 6. SUBSIDY ELIMINATION WITH AND WITHOUT A GLOBAL PRICE SHOCK: THE MACROECONOMICS OF OIL PRICE POLICY REFORM 7. OIL AND GAS IN AN ASIAN CENTURY 8. DEVELOPMENT OF AN OIL AND GAS PROJECT IN RAJASTHAN SECTION III: INDIA'S ENERGY SECURITY 9. CHALLENGES TO INDIA'S ENERGY SECURITY 10. INDIA'S ENERGY SECTOR: PRIDE AND PREJUDICE 11. INDIA'S ENERGY CHALLENGES IN THE GLOBAL CONTEXT: AN INVESTOR'S PERSPECTIVE 12. A MAN FOR ALL SEASONS SECTION IV: NATURAL GAS IN INDIA'S ENERGY BASKET AND POLICY DEBATES 14. ROLE OF NATURAL GAS IN INDIA'S ENERGY BASKET IN THE EARLY 21ST CENTURY 15. THE GAS POLICY DEBATE: ORIGINS AND CHALLENGES ABOUT THE EDITOR AND CONTRIBUTOR INDEX