Energy Blast – Feb 9th, 2009

Rosatom will become the first supplier of nuclear fuel to India, after the 45-member Nuclear Suppliers Group, which was founded after India detonated a nuclear device in 1974, ended its boycott of the country.  ‘Europe and Russia both agree that diversity is a good idea, except that Europe wants diversity of sources whereas Russia only wants diversity of pipelines.’  Either way, diversity plans are continuing to stall.  BP is arranging meetings with suppliers in the United States, Britain and other countries to push for cuts in costs to reflect the fall in the price of oil.