Dr Rajendra K Pachauri, Director-General, The Energy and Resources Institute (TERI) observes that:
With the international crude oil prices hovering around $ 65 per barrel and the oil import bill set for a jump of over Rs 55,000 crore, to reach over Rs 1,75,000 crore this year, India is heading for a major energy crisis. With a population of around 110 crore, we cannot afford to follow the high-energy consumption pattern of the West that has resulted in an indiscriminate exploitation of fossil fuels and high pollution levels.
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