India Oil If you’re looking for evidence that this is a great time to be a major oil buyer, look no further than India. Indian Prime Minister Narendra Modi maybe a friend to the U.S., especially as the two countries share a common threat in the form of an increasingly belligerent China , but the Indian Prime Minister is still happy to display an independent streak when it suits him. That independence is allowing Modi to cut outstanding deals on behalf of India for natural resources projects with a variety of sources around the world. In May for instance, Modi traveled to Tehran to sign a deal with Iran and Afghanistan to develop a port on the Gulf of Oman. India will provide $500 million in financing for the port. While $500 million is a trivial amount of money for a major project in the U.S., in cash-starved Iran, […]