India assures US of economic vigor

Soaring U.S. oil production should be enough to allow consumers withstand most potential supply shocks, the International Energy Agency (IEA) said on Wednesday, as it cut estimates for global oil demand. “The oil-producing world today is in the midst of a onceinageneration transition of farreaching consequences,” the IEA, which coordinates the energy policies of major consuming nations, said in its monthly oil market report.

In the opening segment of his Wednesday broadcast, “Hardball” host Chris Matthews effusively praised Secretary of State Hillary Clinton’s testimony before the House and Senate earlier in the day.

India is caught between the consequences of provoking a United States driven by its fixation upon the Iranian nuclear program and by an Iran that is a major supplier of oil, providing India with access to its vital interests in Afghanistan. The best that the Indians can do is to play for time until the Americans leave the region.U.S.

The Obama administration has cleared India, South Korea and five other governments from U.S. sanctions after they significantly reduced their imports of Iranian oil.Secretary of State Hillary Rodham Clinton ...

In an attempt to force economic pressure on Iran due to the conflict over its nuclear regime, the US has imposed sanctions demanding that countries significantly reduce trade of Iranian oil during the first half of 2012. Failure to comply with these sanctions by an organisation will result in them being banned from the US banking system. India has failed to reduce its purchases of Iranian oil, and has therefore failed to comply with the US sanctions.

The United States on Monday started high-level talks with China Monday aimed at putting an end to months of discord, notably over currency and trade disputes.US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner are leading a huge delegation to the Strategic and Economic Dialogue in Beijing -- two days of discussions that come at a sensitive time in Sino-US relations.