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Europe starts stockpiling oil as Iran conflict looms
EurActiv ^ | 20 August 2012

Posted on 08/20/2012 5:52:29 AM PDT by Olog-hai

European governments are rushing to boost stockpiles of crude oil and fuel, anxious to comply with new EU rules and amid reports that Israel is preparing to launch an attack on Iran.

Belgium and the Netherlands have issued tenders to import a total of around 250,000 tonnes of diesel and gasoline for delivery in September and October, their agencies said.

France has also bought diesel and awarded a crude oil tender this week while Belgium is increasing its crude stocks.

"This is yet another unexpected source of support for oil demand… [It] shows how the geopolitical concerns about Iran and Syria are bullish for oil even in the absence of an actual supply disruption," said Seth Kleinman, head of energy research at Citi. …

(Excerpt) Read more at euractiv.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Germany; Israel; Russia; United Kingdom; War on Terror
KEYWORDS: 2012issues; belgium; energy; euoil; europeanunion; europeoil; eussr; france; germany; iran; israel; netherlands; oil; russia; saudiarabia; stockpileoil; unitedkingdom; waronterror; warwithiran

1 posted on 08/20/2012 5:52:40 AM PDT by Olog-hai
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To: Olog-hai

Meanwhile, Oh-Bah-Mah is thinking about releasing oil from the strategic reserve to help his re-election chances.


2 posted on 08/20/2012 5:58:44 AM PDT by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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To: Fresh Wind

What will the Big Dolt do when we have a real emergency ?


3 posted on 08/20/2012 6:07:10 AM PDT by Eric in the Ozarks (I didn't post this. Someone else did.)
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To: Fresh Wind

“Meanwhile, Oh-Bah-Mah is thinking about releasing oil from the strategic reserve to help his re-election chances.”

Doesn’t that action harm the United States and help him politically? One more mission accomplished for the enemy of the nation, Barack Hussein Obama.


4 posted on 08/20/2012 6:07:30 AM PDT by Proud2BeRight
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To: Proud2BeRight

He can rule by EO and accomplish everything he/commies/marxists/muzzies/traitors want to do, before Nov 6th, if he sees he’s losing. He’ll just bypass the US Constitution and Congress, as he’s already done. I’d bet he already has a drawer full of EOs ready-to-go.

If he wins, he’s got 4 more years to wreak un-believeable hell and destruction on America and us. As TOTUS (Traitor-In-Chief), he’s got no worries about oil.

SHTF.


5 posted on 08/20/2012 6:16:42 AM PDT by carriage_hill (Harry Reid [PERVERT-NV] has Vickie-the-goat in lingerie & stiletto heels, tied-up in his office.)
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To: Olog-hai

This would explain somewhat the recent run-up in crude prices, as the supply/demand fundamentals simply don’t.

Watch for another oil-glut soon, as countries top off their strategic reserves.


6 posted on 08/20/2012 6:38:35 AM PDT by wayoverontheright
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To: Olog-hai
...anxious to comply with new EU rules and amid reports that Israel is preparing to launch an attack on Iran.

I'm guessing that the scales weigh heavily on the "new EU rules" and not so much on the Iranian concerns.

7 posted on 08/20/2012 6:39:55 AM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Or could be we have seen Obama light the fuse on WWIII.
With Egypt on one side and Syria on the other, both as surrogates of Iran, Israel is in a pincer. If they believe that Obama will be defeated in November then they will act on Israel very soon.


8 posted on 08/20/2012 7:01:15 AM PDT by jonose
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To: Olog-hai

It seems that this activity might just have some influence on the world price of oil, no?


9 posted on 08/20/2012 7:53:51 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson)
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To: Fresh Wind

The kenyan needs badly to get the price of gas down before the election but timing is crucial. If he does it too soon people will be going to the polls as gas is shooting back up.


10 posted on 08/20/2012 7:55:26 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson)
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To: carriage_hill
The problem here is that Congress and every other part of the society already accepts the EOs, no matter what they contain, as legitimate. We are already a totalitarian state and electing Romney won't change that. He isn't going to repudiate the EOs and it would not matter if he did because the principle of EO rule is already accepted by all parts of government.
11 posted on 08/20/2012 8:00:02 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson)
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To: Olog-hai
Europe's being smart about this - what's Obama doing?

Tilting at windmills.

Dems believe in imaginary solutions... solar - wind power - maybe in some future but now? All take more energy than they produce - imaginary stuff... Delusions that allows liberals to 'feel good' about themselves.

12 posted on 08/20/2012 9:18:27 AM PDT by GOPJ (Politics is war without bloodshed, and war is politics with bloodshed. - Mao Tse Tung. We're at war)
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To: jonose

Plus dear leader gets his national emergency that conveniently requires the “temporary postponement” of elections.


13 posted on 08/20/2012 9:31:51 AM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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Thanks Olog-hai.


14 posted on 08/20/2012 5:17:16 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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