While the efforts of ONGC-Videsh and Indian Oil Corporation are laudable, there is still some distance our firms have to travel to catch up with global competition. I urge our oil and gas PSUs to think big, think creatively and think boldly in this context…They have to be more fleet-footed in making use of global opportunities, both on the supply and demand side, I find China ahead of us in planning for the future in the field of energy security. We can no longer be complacent and must learn to think strategically, to think ahead and to act swiftly and decisively.

Water resources continue to attract considerable attention and have increasingly become a significant feature of the world security environment. In order to locate water in the security continuum, it is necessary to revisit the debate on the traditional and non-traditional aspects of security. On the one hand, notions and images often conjured up when water issue is highlighted are often associated with concerns like national survival, inter and intra-state tension and the likelihood of “water wars”– the ‘securitisation’ of water.

We live in an age of risk – the “risk society” to use a notable phrase of German sociologist Ulrich Beck. There seems to be no escape from the culture of warning and the politics of prediction, prevention and compensation. Every now and then, the world is subjected to comprehensive reports on the global impact of climate change. They underline the things that have now become all too familiar: melting ice caps in the polar region and submergence of tropical islands, with the poor underdeveloped countries bearing the brunt of these devastating changes.

Unlike other aspects of non-traditional security, energy security has been very closely linked with military security. Very often, it is the powerful state-consumers seeking to preserve an uninterrupted supply of energy at an affordable price, who threaten and use military force. At times, it is individuals and groups within the energy-producing countries seeking to resist energy-driven foreign interventions, who disrupt the supplies. The energy-military security nexus is at its peak in the present circumstances - mainly in Iraq, but also in the energy-rich West Asia.