Someone Call The German Foreign Minister!

What you call him is entirely up to you. He needs to contact his buddies in Iran ASAP.

Tanker

German Tanker Attacked in the Golf of Oman.

Deutscher Tanker im Golf von Oman angegriffen – ++ Auch norwegisches Schiff attackiert ++ Norwegische Seefahrtsbehörde meldet drei Explosionen ++ Besatzungsmitglieder evakuiert ++

Advertisements

German Of The Day: Mangelhaft

That means deficient. As in the deficient quality of the oil being imported to Europe via a Russian pipeline – this import having now been suspended by Poland?

Oil

That means Germany can’t get the oil, either. It’s not like Germany’s dependency on Russian gas and oil is deficient, however. That’s as high a quality dependency as you can get.

Germany and Poland have suspended imports of Russian oil amid contamination concerns, prompting a rare crisis over supply from the world’s second-largest exporter.

The sudden suspension of imports from the Soviet-built Druzhba pipeline, which runs from Russia via Belarus to central Europe, risks starving major European refineries of their major source of crude.

Händler großer Ölkonzerne, die Raffinerien in Deutschland betreiben, bestätigten dies: Die Versorgung über die noch von der Sowjetunion gebauten “Druschba”, auf Deutsch “Freundschaft”, sei gestoppt.

Update: Why Germans Always Pay Cash?

Because they can. Take cash-stuffed German mega-companies, for instance.

Cash

They’re buying everything they can find in US-Amerika these days that hasn’t been tied down.

In recent days, two multibillion-dollar deals were announced. On Sunday, the German engineering conglomerate Siemens announced a $7.6 billion acquisition of the Dresser-Rand Group, the United States oil products company. And on Monday morning, Merck of Germany, the chemical and drug giant, said it would pay $17 billion for Sigma-Aldrich, an American life sciences company.

PS: Remember when Japan was going to take over the United States? No, I guess you wouldn’t remember that. Never mind.

Germany Increases Pressure On Russia By Selling It An Oil Company

Berlin is set to approve the sale of one of Germany’s largest oil producers to a Russian consortium, in a move that may undercut U.S. and E.U. sanctions aimed at punishing Russia for its role in stoking the conflict in Ukraine.

Oil

Der Verkauf galt wegen der Rolle Russlands in der Ukraine-Krise als politisch umstritten. Die Bundesregierung hat bei derartigen Transaktionen ein Mitspracherecht nach dem Außenwirtschaftsgesetz.

Germans So Concerned About Crimea Annexation They Close A $7 Billion Energy Deal With Russia

The German utility RWE announced that it had reached preliminary agreement to sell its oil and natural gas subsidiary, RWE Dea, to two Russian billionaires, Mikhail Fridman and German Khan, for 5.1 billion euros, or about $7 billion.

RWE

After the deal is finalized later this year it will be one of the priciest for Russian business.

Germany Just Wants To Help

To help itself to a piece of Libya’s reconstruction pie, that is.

And they will get it, too. They always do, although they may have to squirm and grovel around for a bit first. Damn. If this were the US we were talking about here I’d have to say that they are only in it for the oil.
 
Hey, you win a few, you lose a few (nobody’s keeping count in the end, right?): The biggest loser — beside Gaddafi and his soul mates, Russia’s Vladimir Putin and Venezuela’s Hugo Chavez — may well be Angela Merkel of Germany. She looks timid and vacillating beside Sarkozy, on Libya as well as on the European debt crisis.

That result could be ephemeral. But Merkel’s determined effort to dissociate Germany from any alliance role in Libya meant that the European Union lost a historic opportunity to create a leadership role for itself on a foreign-policy crisis that was strategic for Europe. France and Britain had to work within NATO, not the E.U., when their forces went into harm’s way.

And speaking of Iraq…

Uh oh. This could be one of the worst WikiLeaks yet.

It might even force Germans to reevaluate their claims that the only reason the United States went to Iraq was for the oil.

Nah.

“Contrary to what many people believe, the Iraq war provided few advantages for the US oil industry. The diplomatic cables show that, in most cases, it was competitors to the Americans who often did better in the country.”

Let’s get this straight right from the start

In case you were wondering, and of course you weren’t, let Der Spiegel clear things up for you: “The Oil Catastrophe Will Be BP’s Katrina, Not Obama’s.”

At stake is not only President Barack Obama’s energy strategy, which only recently called for increased oil drilling on America’s East Coast and in the Gulf. The president’s entire climate plan could be at risk as well.