Close Menu
    France confirms oil crisis, says 30-40% Gulf energy infrastructure destroyed
    Europe

    France confirms oil crisis, says 30-40% Gulf energy infrastructure destroyed

    Share.
    View 27 Comments

    27 Comments

    1. bukowsky01 on

      >France’s Finance Minister Roland Lescure revealed on Wednesday that between **30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran’s retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.**
      Meanwhile, Italian Prime Minister Giorgia Meloni has travelled to Algeria for emergency energy talks, seeking to secure increased gas deliveries to Italy as the country scrambles to replace lost LNG supplies from Qatar.
      With fossil fuel supplies under severe strain, both the UK and Germany signalled on Wednesday that the energy crisis is accelerating their green transitions.
      This, as European Central Bank President Christine Lagarde assured the continent that the ECB has several options for dealing with the inflation shock triggered by the US-Israeli war on Iran, and vowed policymakers would not be “paralysed by hesitation”.

      First time I m seeing actual numbers by a European official, who probably has a lot more access than public stuff.

    4. Doc_Bader on

      > Right wing idiots destabilizing the world

      > Clowns voting for them because they destroy the economy but blame it on others

      > Rinse and Repeat

    5. potatolulz on

      So is it time to invest in trains, EVs, solar/wind/hydro now? Or are we still at “think of the ~~children~~ combustion engine cars production!” 😀

    6. Whole-Cookie-7754 on

      I’m glad some progress have been made on renewable energy. But clearly, we need much more.

      Can’t wait for the day EU doesn’t have to rely on the yanks and arabs. 

    7. NeedNerdGlasses on

      What do we want?
      Solar panels!

      Where do we want them?
      Everywhere!

      When do we want them?
      Yesterday!

    8. designbydesign on

      You can say a lot about Macron, but he started preparing to build new reactors as soon as Russia invaded Ukraine.

    9. elrond9999 on

      It’s ok, the kind US companies will help reconstruct it for a fee and sell us fuel while we are deeply concerned.

    10. 2beHero on

      Quick idea: how about building a world that doesn’t depend on dirty energy controlled by psychopathic manbabies?

    14. EliRed on

      Oh thank God France confirmed it. I filled my tank today at 2,2 euros a litre, but I still had my doubts.

    15. crappy_ninja on

      All most people want to do is earn a living, take care of their loved ones and be happy. Apparently that’s too much to ask for.

    18. fm837 on

      An 80 year old bloke orders to bomb an 84 year old bloke, while a 73 year old bloke bombs millions.

      Can’t they just do gardening, sudoku or taking pictures of classic trains, like other old blokes and leave the rest of the world alone please?

    22. jaywastaken on

      Can we please use this to ramp up investment in renewable energy and evs?

      Save the planet and finally get to ignore constant American chaos in the Middle East.

    23. Timely_Fly_5639 on

      You know what – I will use this occasion and apologise for all the shit I’ve ever said about France. Mostly about the french cars… that Renault 5 does look like a very reasonable purchase right about now, and France has a decent amount of nuclear reactors to supply the electricity…

      …Le Pen is still a 5th column shill though, please, please don’t mess it up dear french people. Please.

    25. popsyking on

      Time to just accelerate the transition to renewables/nuclear and drop fossils completely

    26. Oraclefile on

      How has Iran been able to destroy 40% of the capacity in days and Ukraine keeps hitting russian refineries and it seems like the impact isn’t that big? Are the drones simply not doing enough damage or does russia have so much more refineries?

    27. Adventurous_Bus_437 on

      Doing lords work for clean energy transition. But damn that sucks for fertilizer production