Substitution comes in many forms, freight shifting to rail from trucks, commuters moving from single vehicle to transit and car pools, wood substituting for fuel oil and propane, GTL substituting for oil, nat gas substituting for oil, electricity for oil, etc. I agree with your $130 a barrel...
industrial and others to provide power backup during peak time or when there is a shortage. The rising number of upcoming infrastructure projects, growing electricity demand supported by favorable government initiative schemes for the overall development of the country are some of the key factors...