Thursday, May 11, 2006

The day of the Oslo Warning

A short story from | Peak Oil News Clearinghouse.
On 22 June, at 8am, all operators in the oil sector in Norway received the same message from the authorities: 'Starting today, Norway will no longer authorise oil exports from its territory. You are required to reduce your production accordingly, effective immediately. Delays will only be tolerated for imperative technical or safety reasons'.

At the same time, a communiqu� was sent to all major press agencies, with the similarly terse content. 'As of today, for national security reasons, Norway has decided to suspend all oil exports. Further information will be communicated at 1pm today. All operators in Norway and Norwegian waters have been required to reduce production, effective immediately'.

Panic broke immediately in trading floors in Asia, …
The rest is here.

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