Indian cities are in crisis. Spend any length of time in a large city there and you will notice the overcrowding, the power and water shortages and, during monsoon, the streets that transform into stinking, litter-strewn rivers. At times, these cities can be almost unbearable to live in. Little wonder then that the concept of ‘smart cities’ is taking hold among policy makers, however fundamentally flawed or cynical the strategy to implement the notion seems to be.
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Talking about “peak oil” can feel very last decade. In fact, the question is still current. Petroleum markets are so glutted and prices are so low that most industry commenters think any worry about future oil supplies is pointless. The glut and price dip, however, are hardly indications of a healthy industry; instead, they are symptoms of an increasing inability to match production cost, supply, and demand in a way that’s profitable for producers but affordable for society. Is this what peak oil looks like?