Cash in on opportunity

With reference to Jyoti Mukul and Shine Jacob’s report, “First shale oil cargo to arrive later this month” (November 4), successful negotiation of commercial transactions for mutual benefit depends on the current state of political relationships between countries. 

Oil, whether shale or crude, is essential for almost all economic activity in India, be it consumption or cash products. Trade transactions in oil between India and the US had remained frozen since 1975, when ties between the two countries were at a low point. As the relationship between the two countries is more reciprocal now, the onus is on India to