Breaking: Russia stops oil supply to Europe!!!

Breaking: Russia stops oil supply to Europe!!!

Report: Russia halts oil via Belarus

8th of January 2007

MINSK, Belarus - A senior Russian official said Monday that Russia has been forced to stop delivering oil to Europe via Belarus after disruptions to the flow of exports it blamed on Minsk, the ITAR-TASS news agency reported.

Deputy Trade and Economic Development Andrei Sharonov said in an interview with Russian news channel Vesti that oil supplies via the Druzhba, or Friendship, pipeline to eastern and central Europe could not continue under these circumstances, according to ITAR-Tass.

"Now there is a threat to the fulfillment of international contracts between Russian companies and companies in Western Europe and Eastern Europe," he was quoted as saying. "We view this situation as force-majeure, as the onset of unavoidable circumstances."

http://news.yahoo.com/s/ap/20070108/ap_on_bi_ge/belarus_russia_oil

 

That sucks. I guess the French will have to heat their homes with their cigarettes now.

 

It will not last long.

 

This seems like an issue but in reality Europe has invested much more time and money into alternative energy then north america or asia. They would be for the most part more prepared for a situation then the United States would be. Its obviously a big deal nevertheless but europe could get by without it longer then others.