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Europe start stockpiling oil as Iran conflict looms.

 
Tess2012

User ID: 22299065
Ireland
08/20/2012 02:07 PM

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Europe start stockpiling oil as Iran conflict looms.
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.

[link to www.euractiv.com]
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chaakin

User ID: 16502815
United States
08/20/2012 02:27 PM
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Re: Europe start stockpiling oil as Iran conflict looms.
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.

^^


They are just next in line and have to wait until Sep/Oct for the 3 "big" guys orders to complete first.

Israel, UK and USA are currently stock-piling fuel, which is what is causing the huge surge in prices, but you'll never hear about this, all you'll know is that war started.

Last Edited by chaakin on 08/20/2012 02:27 PM
Anonymous Coward
User ID: 22162470
United States
08/20/2012 08:30 PM
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Re: Europe start stockpiling oil as Iran conflict looms.
If you believe this I have a bridge in Nevada to sell you.
The reason they are stocking oil is because consumption around the earth is at an all time low (1998 Levels) and the American Dollar is dieing because it is traded in Petro/American dollars and the demand for dollars is also deminishing as they print them into toilet paper. Higher oil prices mean higher demand for Dollars and Lower oil prices mean less demand for dollars. It's that simple stupid.
Anonymous Coward
User ID: 22300787
United States
08/20/2012 09:11 PM
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Re: Europe start stockpiling oil as Iran conflict looms.
the post above you sounds more accurate.
Anonymous Coward
User ID: 13926736
United States
08/20/2012 10:26 PM
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Re: Europe start stockpiling oil as Iran conflict looms.
Israel TV: Netanyahu 'determined to attack Iran' BEFORE US elections...
Defense officials consult with top rabbi...
Anonymous Coward
User ID: 13926736
United States
08/20/2012 10:27 PM
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Re: Europe start stockpiling oil as Iran conflict looms.
[link to www.drudgereport.com]
FATMANGOBOOM

User ID: 14376568
Canada
08/21/2012 12:43 AM

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Re: Europe start stockpiling oil as Iran conflict looms.
Is it me or are they waiting winter so that oil demands are insane.....4 months they would have regulated thing by now if they had attacked earlier....

seems that they are waiting for winter... attack them and poeple will have to pay butt loads just to stay warm...

Or is it that they can offer a nice FEMA camp cot so you can stay warm.
Anonymous Coward
User ID: 4443279
Finland
08/21/2012 12:49 AM
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Re: Europe start stockpiling oil as Iran conflict looms.
If you believe this I have a bridge in Nevada to sell you.
The reason they are stocking oil is because consumption around the earth is at an all time low (1998 Levels) and the American Dollar is dieing because it is traded in Petro/American dollars and the demand for dollars is also deminishing as they print them into toilet paper. Higher oil prices mean higher demand for Dollars and Lower oil prices mean less demand for dollars. It's that simple stupid.
 Quoting: Anonymous Coward 22162470


clappa

This Iran/Syria BS is just a tool for distracting the sheeple. Don't play their game, follow the money.

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