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    EU leaders set for meeting, oil prices soar amid war
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    EU leaders set for meeting, oil prices soar amid war

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    14 Comments

    1. Just-Sale-7015 on

      The G7 is having a virtual meeting, reportedly to discuss a coordinated release of their oil reserves. So far 3 out 7 members have publicly supported the measure.

      Japan’s Nikkei 225 plunged 5% today, so they’re among those supporting it, I’m sure. The Trump adm also came out in favor, although Trump himself didn’t mention it yet, as far as I can tell.

    2. elderrion on

      Here’s what I would do: 

      1. ramp up shadow fleet seizures 
      2. confiscate the oil and gas on board these vessels 
      3. sell fossils for use on the European market _only_ at a highly deflated price
      4. keep fuel costs on the continent low at Russia’s expense.

    4. tokaj-tide on

      EU leaders will gather for another important meeting where wealthy Western countries will express deep concern and explain that a solution must be found. Unfortunately, they have already tried nothing and are completely out of ideas. So they will schedule another meeting and fly home in their private jets, powered by Norwegian oil.

    5. Any-Original-6113 on

      It looks like the US will come out richer from this war with Iran, while Europe will end up poorer. 

      Of course, ЕС could step up interceptions of vessels carrying Russian oil, but there’s one catch: the Russians are selling their oil to China and India, and by April, the Arctic  Route will be ice-free, so their tankers will go that way.

    6. iaNCURdehunedoara on

      I’m sure another condemnation of Iran will fix the prices. Don’t worry about Israel and America bombing refineries, keep crying about Iran some more, that will fix everything.

    8. berru2001 on

      For those not interested in ecology or the environment, this is why your car shoud be electric.

      And before you ask, no, lithium is not the new oil, because you don’t burn lithium to make your car move. Once you have lithiul to make car batteries, you have it. In particular, it is much cheaper to extract lithium from used car batteries than from natural ressources.

    10. allestrette on

      How could they stop or contain actual operative impediments when they can’t stop speculations on prices..?

    11. 3p2p on

      Iran needs to end quickly but it won’t. You might topple a government or remove a leader but this is like removing the church from the US, it can only come from within and foreign intervention only makes it happen slower.

      Trump would have been better served by USAID and various soft power initiatives that he’s got rid of.

    12. EsoogZT on

      Amazing that a country that only produces 4% of the worlds oil supply mainly to china is affecting eu’s oil prices causing massive price rises and profits. 

      Something stinks.