30 September 2011
"There is no doubt that most ASEAN countries are expecting that the United States will eventually bail them out. The only military power that can challenge and prevent China from riding rough shod over the claims of some ASEAN countries in this region is the US. The US 7th Fleet is still a very potent fighting force armed with nuclear weapons and has significant assets in the region..."
OIL & GAS
- ONGC gives nod for Cairn-Vedanta deal
- Essar Energy gives up two oil blocks in Australia
- China considers policy shift to boost shale gas
POWER
- Reliance Power on track for 5 GW capacity by 2012
- Dubai aims for about 90 MW of solar power capacity by 2020
- China calls on Iceland for energy help in bid to tap hot springs
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