Germany is on the USA's side of the oil business

[Terrance]

Germany is the world's fifth largest energy consumer. Germany has highly
developed economy and is dependent on oil to keep it going. Germany is
over 60% dependent on imported energy. 40% of Germany's imported energy
consumption is oil (the highest percentage). Moreover, Germany is
committed to going non-nuke and it is also committed to environmental
agreements. Like it or not, Germany is in the oil business. And, it's
likely that  Germany will be more dependent on oil in the next decade
than it is now. 
Not only that, Germany is in Europe. It is part of the EU. The EU is
dependent on oil. 
Much of it is also going non-nuke and will be more dependent on oil in
the next decade. 
Weak as it is currently, Europe can not weather a new oil shock, like
oil above $40. Neither can East Asia where interest rate cuts won't be
possible in the face of rising prices and inflation. OPEC is weak and
getting weaker. The USA has warned OPEC not to cut production. So why is
oil at $35?  W A R Market hate uncertainty. Right now, the world is
pretty uncertain place. If Bush invades Iraq oil will probably top $40.
But, if he controls the oil fields, we could see $10 oil. The Russians,
who are now shipping oil to Texas won't like that. Neither will Saudi
Arabia. But Germany won't cry. Germany, with no oil, is on the USA's
side of the oil business. How will Germany pay for its share? Keep an
eye on those ships and that "war on terrorism."