{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Much higher oil prices would be greed, according to Indian BJP spokesman' data-url='/boclips/videos/5c54cb08d8eafeecae1a0ba3' data-video-url='/boclips/videos/5c54cb08d8eafeecae1a0ba3' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nMuch higher oil prices would be greed, according to Indian BJP spokesman\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eLEAD IN:A roundtable discussion held around the annual \"Abdullah Bin Hamad Al-Attiyah International Energy Awards\" in Qatar has heard oil prices are about right where they are. Narendra Taneja, Energy Advisor and Spokesman of BJP,...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eLEAD IN:A roundtable discussion held around the annual \"Abdullah Bin Hamad Al-Attiyah International Energy Awards\" in Qatar has heard oil prices are about right where they are. Narendra Taneja, Energy Advisor and Spokesman of BJP, India's ruling party, says prices rises much above 58 dollars per barrel would be fuelled by greed, not need. STORY-LINE:Some of the world's most influential and successful oil policy planners and petroleum producers gathered under one roof. They're in Doha for the fourth \"Abdullah Bin Hamad Al-Attiyah International Energy Awards\", which honours global industry leaders and recognises lifetime achivements. The former Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi was given the \"Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy.\"He took the opportunity to talk about the influence he had on the Organisation of the Petroleum Exporting Countries (OPEC). He says a journalist once asked his Qatari counterpart, Abdullah bin Hamad Al-Attiyah, why OPEC's meetings had shortened from up to a month, to just days. Al-Attiyah responded: \"That was before Ali al-Naimi and I were made ministers,\" Al-Naimi told the audience. Other winners included former RasGas chief executive officer Hamad Rashid al-Mohannadi, who received the \"Lifetime Achievement Award for the Advancement of the Qatar Energy Industry\".Dr Majid A al-Moneef, adviser to the Royal Court of Saudi Arabia, received the \"2016 Award for the Advancement of Opec,\" and Adnan Z Amin, director-general of the International Renewable Energy Agency, accepted the \"Advancement of Renewable Energy Award.\"Former International Energy Agency (IEA) executive director Claude Mandil received the \"Advancement of Producer-Consumer Dialogue\" award. Oxford Institute for Energy Studies director Dr Bassam Fattouh won the \"Advancement of Education for Future Energy Leaders\" award, and former S\u0026amp;P Global Platts senior correspondent Margaret McQuaile took home the \"Advancement of International Energy Journalism\" award.The awards come as the industry grapples with stubbornly low oil prices. A barrel of oil costs around 49 dollars currently, that's still less than half their level less than two years ago.Oil companies around the world are slashing jobs and postponing investments to adjust to lower energy prices. Al-Attiyah, former Energy and Industries Minister of Qatar says prices rise and fall in a cycle and oil producers have to manage the crisis. \"We witnessed the dramatic fall of oil prices in the 80s and it came back to normal after the millennium and now, prices will go up, but we need some time and some years,\" he says. Some of the award recipients attended a roundtable discussions on Wednesday. Speaking there, Al-Attiyah warned that both very high and very low oil prices are bad for consumers and producers. But it was perhaps Narendra Taneja who had the most unexpected comment, saying oil prices at the current level \"probably are right\".He's the Chairman of Energy Security Group and the Federation of Indian Chambers of Commerce and Industry; and the Energy Advisor and Spokesperson of BJP, India's governing party.He involved the teachings of Indian independence movement leader Mahatma Gandhi in his comments. \"He used to say that you know, there is sufficient, in terms of resources on the planet for everybody's needs, but there is not enough for everybody's greed. So I think, if oil prices are more than 58 dollars per barrel in the present situation, I think then that's a greed basically driving the market, and not necessarily the need,\" Taneja says. He says oil prices above 60 dollars per barrel would adversely affect India and China and would be bad for the global economy. LEAD IN:A roundtable discussion held around the annual \"Abdullah Bin Hamad Al-Attiyah International Energy Awards\" in Qatar has heard oil prices are about right where they are. Narendra Taneja, Energy Advisor and Spokesman of BJP, India's ruling party, says prices rises much above 58 dollars per barrel would be fuelled by greed, not need. STORY-LINE:Some of the world's most influential and successful oil policy planners and petroleum producers gathered under one roof. They're in Doha for the fourth \"Abdullah Bin Hamad Al-Attiyah International Energy Awards\", which honours global industry leaders and recognises lifetime achivements. The former Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi was given the \"Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy.\"He took the opportunity to talk about the influence he had on the Organisation of the Petroleum Exporting Countries (OPEC). He says a journalist once asked his Qatari counterpart, Abdullah bin Hamad Al-Attiyah, why OPEC's meetings had shortened from up to a month, to just days. Al-Attiyah responded: \"That was before Ali al-Naimi and I were made ministers,\" Al-Naimi told the audience. Other winners included former RasGas chief executive officer Hamad Rashid al-Mohannadi, who received the \"Lifetime Achievement Award for the Advancement of the Qatar Energy Industry\".Dr Majid A al-Moneef, adviser to the Royal Court of Saudi Arabia, received the \"2016 Award for the Advancement of Opec,\" and Adnan Z Amin, director-general of the International Renewable Energy Agency, accepted the \"Advancement of Renewable Energy Award.\"Former International Energy Agency (IEA) executive director Claude Mandil received the \"Advancement of Producer-Consumer Dialogue\" award. Oxford Institute for Energy Studies director Dr Bassam Fattouh won the \"Advancement of Education for Future Energy Leaders\" award, and former S\u0026amp;P Global Platts senior correspondent Margaret McQuaile took home the \"Advancement of International Energy Journalism\" award.The awards come as the industry grapples with stubbornly low oil prices. A barrel of oil costs around 49 dollars currently, that's still less than half their level less than two years ago.Oil companies around the world are slashing jobs and postponing investments to adjust to lower energy prices. Al-Attiyah, former Energy and Industries Minister of Qatar says prices rise and fall in a cycle and oil producers have to manage the crisis. \"We witnessed the dramatic fall of oil prices in the 80s and it came back to normal after the millennium and now, prices will go up, but we need some time and some years,\" he says. Some of the award recipients attended a roundtable discussions on Wednesday. Speaking there, Al-Attiyah warned that both very high and very low oil prices are bad for consumers and producers. But it was perhaps Narendra Taneja who had the most unexpected comment, saying oil prices at the current level \"probably are right\".He's the Chairman of Energy Security Group and the Federation of Indian Chambers of Commerce and Industry; and the Energy Advisor and Spokesperson of BJP, India's governing party.He involved the teachings of Indian independence movement leader Mahatma Gandhi in his comments. \"He used to say that you know, there is sufficient, in terms of resources on the planet for everybody's needs, but there is not enough for everybody's greed. So I think, if oil prices are more than 58 dollars per barrel in the present situation, I think then that's a greed basically driving the market, and not necessarily the need,\" Taneja says. He says oil prices above 60 dollars per barrel would adversely affect India and China and would be bad for the global economy. Doha, Qatar - 24 May 20161. Pull out from Al Attiyah International Energy Awards stage2. Abdullah bin Hamad Al-Attiyah, former Energy and Industries Minister of Qatar (centre) posing with \"Advancement of Renewable Energy Award\" winner Adnan Z. Amin (right), Director General, International Renewable Energy Agency 3. Mid of Eric Chevallier, French Ambassador to Qatar, among attendees4. Mid of audience5. Al-Attiyah introducing award winner Ali Ibrahim al-Naimi, Former Saudi Arabia Minister of Petroleum and Mineral Resources 6. Al Naimi (right) receiving \"Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy\" award 7. Al Naimi giving a speech, UPSOUND (English): ++AUDIO AS INCOMING++\"Maybe I should tell you something about an event in Davos. Both of us had to make a speech. I did my speech, I answered the correspondent's questions and then his Excellency Al-Attiyah gave his speech. One of the penetrating questions was: 'Mr. Al-Attiyah, how come OPEC in the past used to spend a week, two weeks, a month in the meetings and now (they spend) only one or two days?' Abdullah looked at them and he said, 'That was before Ali al-Naimi and I were made ministers'.\"8. Wide of award winners9. Pan to Al-Attiya and Al-Naimi sitting at table10. Mid of Mohammed Saleh Al Sada (right), minister of energy and industry of Qatar11. SOUNDBITE: (Arabic) Abdullah bin Hamad Al-Attiyah, former Energy and Industries Minister of Qatar: \"The energy sector is very important and strategic for the globe. It sometimes goes weak which is very normal because it's related to supply and demand and to the world economy. This is what happens when the world goes through recession and this is not the first time, nor the last. We witnessed the dramatic fall of oil prices in the 80s and it went back to normal after the millennium and now prices will go up, but we need some time and some years.\"12. Zoom in and out of award winnersDoha, Qatar - 25 May 201613. Various of attendees speaking at the roundtable discussion14. SOUNDBITE: (English) Abdullah bin Hamad Al-Attiyah, former Energy and Industries Minister of Qatar: \"(Very low prices) It's very dangerous for gas consumers. Because maybe if the gas goes lower, then the producers will stop produce because of the undercost. So who then will be affected so badly? The consumers. So, yes, I agree that we should not - I always say it with my 40 years in energy sectors - I always say the producers should not smile when the oil price is high and consumers should not smile when the oil price very low. Both of them are losers.\"15. Cutaway of conference16. SOUNDBITE: (English) Narendra Taneja, Chairman of Energy Security Group and the Federation of Indian Chambers of Commerce and Industry; Energy Advisor and Spokesperson of BJP, India's governing party: \"Mahatma Gandhi, the founder of modern India in a way, he used to say that you know, there is sufficient, in terms of resources on the planet for everybody's needs, but there is not enough for everybody's greed. So I think, if oil prices are more than 58 dollars per barrel in the present situation, I think then that's a greed basically driving the market, and not necessarily the need. So, the oil prices at the current level probably are right. Even if they go up to 55 dollars, that should be OK, as long as that helps strengthen the global economy.\"17. Cutaway of conference18. SOUNDBITE: (English) Narendra Taneja, Chairman of Energy Security Group and the Federation of Indian Chambers of Commerce and Industry; Energy Advisor and Spokesperson of BJP, India's governing party: \"But if it goes beyond 60 dollars per barrel I think it is bad for global economy, is bad for India, is bad for also eventually for the producers because if the global economy is not growing, if economies of countries like India and China are hit adversely, that's also... at the end is not a happy situation for producers too.\"19. 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