thats a gr8 news gdp 7%... during recession is really good.. but i feel India going get hit severely after few months from now. Obama is going to cut down outsourcing plus financial meltdown which would definitely affect the ITES of India
global warming is going to warm up all the ice and flood the countries close to equator. norway lies close to north pole. think what happens if the ice over there melts... they can have access to huge petroleum resources currently hidden under thick chunks of ice...
in this time of financial crisis, the city to check out is Abu Dhabi. it is predicting a healthy GDP growth of 7% during recession.. it has umpteen oil and gas.