Our Petrol, Diesel, Kerosen and Gasoline are all derivatives of Oil. Oil is a non-renewal natural resource which is formed as a result of millions of decay of animals. And we should all be thankful to those huge dinosaurs which became extinct all of a sudden (due to various reasons like climatic changes, drought, disease among others). These dinosaurs, like any other living thing seems to have originated out of Africa and seems to have wandered across the globe before they became extinct 65 million years ago. That is simply 650 lakh years ! Having lived in typically tropical climate, huge number of dino's seem to have been burried in today's arabian deserts and those Sheikhs are all luckey.
By simple observation you could see these oil driling companies ( oil wells ) are found predominantly in Arab nations, Russia, Atlanta in US and in some other countries. In second world war, Hitler long war on Russia is to get access to its Oil, since Germany doesnot have any oil. At the end, his army died out of two reasons: unusal weather and lack of oil. Hence oil is equated to liquid gold.
In India, we see bada companies like Reliance Industries and few others like (Edinburgh based) Cairn India, Hindustan Oil Exploration Company, ONGC etc. All these companies are busy drilling around the see beds of India hunting for oil. Inspite of all these efforts India has been importing about 80% of its oil requirements. But oflate, there seems to be a huge oil find by Cairn India, Reliance, HOEL among others.
How come India got such huge Oil reserve, which they say could take care of 60% of India's needs. At this time I stumbled upon the message that: Dinosaurs where once wandering in Indian sub continent too ( Im not sure if India was attached to Africa at that point of time). And one reason why dino's got extinct was the work of natural calamity like volcanoes and fall of giant Meteors from the sky creating huge crater due to the impact.
One such is the massive Shiva basin that is submerged depression west of India that is intensely mined for its oil and gas resources. Some complex craters are among the most productive hydrocarbon sites on the planet.
Prof.Sanker Chaterjee from Texas Tech University has recently presented his finding on Shiva Crater based on which Indian scientist are fast working.
If Chatterjee is right this could be the largest, multi-ringed impact crater the world has ever seen, with a diameter of ~500 km. The diameter of the so far known largest impact crater, the Vredefort Crater in South Africa has a diameter of about 300 km. Furthermore the Shiva crater has an age that makes it a suspect for the killing of the dinosaurs ca. 65 million years ago.
The impact was so powerful that it led to several geodynamic anomalies: it fragmented, sheared, and deformed the lithosphere mantle across the western Indian margin and contributed to major plate reorganization in the Indian Ocean. It initiated rifting between India and Seychelles in the west and created the Laxmi Ridge; it shattered the Indian plate easterly along the Narmada-Son Rift extending 1500 km across, dividing the Indian shield into a southern peninsular block and a northern foreland block. Because of topographic barrier of the Western Ghat Mountain range, the impact-triggered tsunami was restricted along the Narmada-Son Rift at the KT boundary.
What ever said and done, we are happy with Shiva Crater (see attached file). And it makes some more sense to invest in Oil exploring companies in India.
http://my.opera.com/nielsol/blog/2009/10/16/shiva-crater
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