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Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.

Today, India consumes about 682 watts per capita, far lesser than developed nations. As India develops, it will definitely require a lot more energy.

India, in particular, is looking to develop nuclear power for domestic, commercial use, and we should work with them. This is a good deal for both countries.

Global fuel and consumption, however, is projected to increase by 100 to 150 percent over the next 20 years, driven largely by the rapidly growing Chinese and Indian economies; and this growth and this increase in demand will force prices even higher.

Instead of hazarding our future on the dirty fuels of the past, let's invest in clean power that can drive this country forward. Let's cut energy waste, make our economy the world's most efficient, and give our workers a leg up in the global marketplace.

If I can save 25 billion dollars in terms of reduction of import, I will be adding one percent to the GDP. By conserving the oil energy by the people, the GDP will become 5.5 percent, and this will change the economy of the country.

If India has to achieve exponential growth, it would have to be on the back of strong growth in the manufacturing sector.

Saving petrol is saving India's money. This is a sense of patriotism. The country can be energy-independent by energy conservation. I appeal to the other ministers also to do this.

If the EPA continues unabated, jobs will be shipped to China and India as energy costs skyrocket. Most of the media attention has focused on the EPA's efforts to regulate climate-change emissions, but that is just the beginning.