Posted on 03/25/2026 2:46:48 PM PDT by MinorityRepublican
Europe could face a shortage of energy and fuel as soon as next month without a reopening of the strait of Hormuz, Shell’s chief executive has said.
The boss of Europe’s biggest oil company said it was working with governments to help them address the oil and gas supply crisis, which has already led to energy rationing in Asian countries.
Oil prices dipped back to about $100 a barrel on Wednesday from highs of about $114 at the start of the week, on the back of reports that the White House had sent a 15-point peace plan to Iran’s leaders.
However, without a return of crude deliveries from the Gulf to global buyers via the crucial Hormuz channel, Europe could face shortages of fossil fuels within weeks, according to Wael Sawan.
The Shell chief executive told an oil industry conference in Texas: “South Asia was first to get that brunt. That’s moved to south-east Asia, north-east Asia and then more so into Europe as we get into April.”
(Excerpt) Read more at theguardian.com ...
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The Poles also get oil from Norway, Nigeria and Kazakhstan as well as Saudi Arabia. They'll have to pay more, but shouldn't see shortages.
Same with Taiwan and LNG. That would cause problems worldwide.
Socalism is a disease.
Don’t let America succumb
to it.
Democrats are Socialists.
I guess they should have helped move things along faster.
In Germany, it’s around $9/gal, or was the other day according to a friend over there. She said it was somewhat cheaper in Austria. It will go higher still before this is over and for some time afterward. :(
“I guess they should have helped move things along faster.”
I agree.
Amen to that!
If UK and others want their supply, them might want to get off their asses and secure the Strait of Hormuz.
Sucks to be them.
Maybe, next time, don’t be cowards.
Guess many do not wat to pay the extra 40% eco tithe. Heretics! /s
Poles in western Poland are complaining because so many Germans are driving across the border to get gas.
*********************
The Poles shouldn’t be complaining, because this German invasion is much better for them than getting their asses kicked in a mere 4 weeks.
Yep.
They gave no help.
So I have ZFG about their struggles.
Keep being smug, arrogant commies
The Poles today are one of the only EU countries who could kick some ass.
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