|
|
|
 
 
 
 
|
|
|
|
|
||
|
| ||||
| ||||
| ||||
| ||||
| ||||
|
|
|
An intermediate term top in oil and gas price in place but mega stagflation leading to worldwide depression has started
Katrina shock waves has triggered the EU and US start focusing on releasing the strategic oil reserve and people all over the world get serious about conserving oil and gas. The attitude change needs a shock therapy like this says experts. But the damage to the world economies especially to the international growth engines – India, China and US is in place because of the oil shock.
The European Union sent mixed signals Sept. 2 on the issue of releasing oil reserves to the United States in the wake of the Hurricane Katrina disaster. EU Foreign Policy Adviser Javier Solana said the bloc is ready to supply oil if Washington requests it, while British Foreign Secretary Jack Straw, who chaired the meeting, said that was not what the EU had discussed. Straw said the 25-nation bloc is mulling over disaster relief and humanitarian aid. Meanwhile, a spokeswoman for the Paris-based International Energy Agency said the release of European gasoline stocks remains an option but that it depends on a complete assessment report of the damage to U.S. refineries.
US ELECTION ARTICLES
|
|
| Click here to get ad specs and place your ad or Click here to contact the advertisement department |
Send Letters to the Editor
|
Add RSS headlines