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Tuesday, October 19, 2010

Reality Bites 2

The French want money. They don't care where it comes from, just give them more money. Then go away.
Tuesday is the sixth day of coordinated nationwide protests in the last two months and rolling strikes brought the oil refining industry to a halt last week as a result of a walkout in the country's 12 refineries and a three-week strike at the country's main oil port of Fos-Lavera. Striking truckers also made fuel transportation more difficult.

Even though the country has fuel reserves for several weeks and fuel distributors have the possibility to import fuel from neighboring countries, the fear of a shortage has led to panic buying and empty gas stations in some areas
I guess the plan here is to get Trichet and European Central Bank to print more Euros and hand them out.

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