Crude oil has crossed $110 per barrel, an 80% rise over the past year. Some people – believers in the Peak Oil Theory – are convinced that the world is running out of oil. It is a quirk of fate that the most unpredictable, opaque or the despotic regimes (Saudi Arabia, Iran, Russia, Nigeria and Venezuela) are sitting on the largest oil reserves. Wars, conflict and terror attacks are often...

With his quick wit, wide interests and vast information system,
M Damodaran is a master of snappy sound bites. In fact, his penchant for talking the walk had many of us fooled into believing that threats would be followed by stringent regulatory action. But even Damodaran surpassed himself in an interview to a television channel just after his successor was announced. The issue of media...