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UAE Bypass the Straits of Hormuz with New Oil Pipeline

Oilprice.com -- According to the US Energy Information Administration an average of 17 million barrels a day passed through the Straits of Hormuz during 2011, about 35% of all oil traded by sea.

The UAE relies on the Straits of Hormuz to ship all of its oil, yet since the EU announced a ban on Iranian oil imports to come into effect at the beginning of July, Iranian threats to blockade the straits have increased. To avoid this situation the UEA started to develop a pipeline to pump oil from their fields in the west of the country to the eastern port of Fujairah, which will bypass Hormuz entirely.

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Submitted Jun 25, 2012 By: NOTSOGRN

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sparky808 Champion Author Honolulu Posts:3,008 Points:599,685 Joined:Sep 2011	Message Posted: Jun 26, 2012 1:27:56 PM Ignore sparky808 Report Abuse Thank you for posting.
DeeLA Champion Author Los Angeles Posts:4,823 Points:1,366,305 Joined:Nov 2008	Message Posted: Jun 26, 2012 12:32:30 AM Ignore DeeLA Report Abuse Interesting
kgbellman Champion Author Ann Arbor Posts:2,723 Points:733,790 Joined:Mar 2011	Message Posted: Jun 26, 2012 12:14:54 AM Ignore kgbellman Report Abuse Good for them
METEOR49 Champion Author Ontario Posts:2,182 Points:456,425 Joined:Apr 2011	Message Posted: Jun 26, 2012 12:09:20 AM Ignore METEOR49 Report Abuse i'll bet they didn't have a ten year environmental assessment.
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,150 Joined:Jan 2010	Message Posted: Jun 26, 2012 12:08:43 AM Ignore rahcat Report Abuse Thank GOD UAE doesn't have an EPA!
goldrose1 Champion Author Cleveland Posts:10,946 Points:1,926,555 Joined:Feb 2005	Message Posted: Jun 26, 2012 12:07:40 AM Ignore goldrose1 Report Abuse Sensible reaction to years of threats.
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Jun 26, 2012 12:03:46 AM Ignore 96sc1 Report Abuse Pipelines can be constructed quickly when there is support for them
jem069 Champion Author Detroit Posts:2,548 Points:689,030 Joined:Jan 2011	Message Posted: Jun 26, 2012 12:01:03 AM Ignore jem069 Report Abuse ok
goldrose1 Champion Author Cleveland Posts:10,946 Points:1,926,555 Joined:Feb 2005	Message Posted: Jun 26, 2012 12:00:08 AM Ignore goldrose1 Report Abuse Iran has been threatening for so long that a pipeline was built. hehehe!
smenzel Champion Author Seattle Posts:2,065 Points:1,106,880 Joined:Mar 2007	Message Posted: Jun 25, 2012 11:58:45 PM Ignore smenzel Report Abuse Interesting
PoohMcGoo Champion Author Alabama Posts:3,072 Points:802,260 Joined:Dec 2010	Message Posted: Jun 25, 2012 11:58:30 PM Ignore PoohMcGoo Report Abuse Good for them.
camel1 Champion Author Minnesota Posts:8,275 Points:2,267,590 Joined:Jul 2006	Message Posted: Jun 25, 2012 11:56:29 PM Ignore camel1 Report Abuse smart move
DEG Champion Author Las Vegas Posts:17,630 Points:3,496,655 Joined:Jul 2003	Message Posted: Jun 25, 2012 11:53:51 PM Ignore DEG Report Abuse That is a smart move.
jjfisher All-Star Author Toledo Posts:547 Points:749,460 Joined:Aug 2008	Message Posted: Jun 25, 2012 11:52:09 PM Ignore jjfisher Report Abuse good
rickone All-Star Author Detroit Posts:550 Points:394,410 Joined:May 2004	Message Posted: Jun 25, 2012 11:49:09 PM Ignore rickone Report Abuse Interesting - Thanks for posting.
OGW Champion Author London Posts:5,329 Points:1,532,975 Joined:Sep 2005	Message Posted: Jun 25, 2012 11:44:40 PM Ignore OGW Report Abuse Good for them.
pgerassi Champion Author Milwaukee Posts:10,906 Points:2,133,555 Joined:Apr 2007	Message Posted: Jun 25, 2012 11:41:50 PM Ignore pgerassi Report Abuse ok
mitchells Champion Author Montreal Posts:3,866 Points:1,126,085 Joined:Oct 2009	Message Posted: Jun 25, 2012 11:39:29 PM Ignore mitchells Report Abuse ok
mgune9 All-Star Author Dallas Posts:914 Points:200,395 Joined:Feb 2012	Message Posted: Jun 25, 2012 11:35:25 PM Ignore mgune9 Report Abuse good thinking/planning
Prodaddy Champion Author Houston Posts:8,385 Points:1,897,035 Joined:May 2007	Message Posted: Jun 25, 2012 11:34:21 PM Ignore Prodaddy Report Abuse 17 million barrells is alot of oil
chicoCA Champion Author California Posts:1,986 Points:1,775,650 Joined:Nov 2007	Message Posted: Jun 25, 2012 11:30:58 PM Ignore chicoCA Report Abuse okay
OOXXFF Champion Author Greensboro Posts:3,068 Points:1,080,380 Joined:Sep 2009	Message Posted: Jun 25, 2012 11:25:15 PM Ignore OOXXFF Report Abuse There are lots of ways to skin a cat.
A2J Champion Author Richmond Posts:3,085 Points:604,900 Joined:Aug 2011	Message Posted: Jun 25, 2012 11:20:21 PM Ignore A2J Report Abuse OK
SpruceGuse2 Champion Author Michigan Posts:9,744 Points:2,456,635 Joined:Mar 2006	Message Posted: Jun 25, 2012 11:19:26 PM Ignore SpruceGuse2 Report Abuse Sounds like a plan....................
bif65 Champion Author Virginia Posts:1,023 Points:195,755 Joined:Jan 2011	Message Posted: Jun 25, 2012 11:17:24 PM Ignore bif65 Report Abuse ok
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Jun 25, 2012 11:17:03 PM Ignore iceman11 Report Abuse Ok
libertyut Champion Author Utah Posts:1,355 Points:292,600 Joined:Mar 2012	Message Posted: Jun 25, 2012 11:16:14 PM Ignore libertyut Report Abuse We don't need to business with Iran.
aggietim Champion Author Fort Worth Posts:1,756 Points:694,825 Joined:Oct 2008	Message Posted: Jun 25, 2012 11:15:19 PM Ignore aggietim Report Abuse good
kgbellman Champion Author Ann Arbor Posts:2,723 Points:733,790 Joined:Mar 2011	Message Posted: Jun 25, 2012 11:15:07 PM Ignore kgbellman Report Abuse Good for them
davenles Champion Author Texas Posts:3,206 Points:720,610 Joined:May 2011	Message Posted: Jun 25, 2012 11:14:17 PM Ignore davenles Report Abuse Keeping it moving.
aggietim Champion Author Fort Worth Posts:1,756 Points:694,825 Joined:Oct 2008	Message Posted: Jun 25, 2012 11:14:13 PM Ignore aggietim Report Abuse ok
walkingtall Champion Author Toronto Posts:4,004 Points:1,122,655 Joined:Nov 2004	Message Posted: Jun 25, 2012 11:13:17 PM Ignore walkingtall Report Abuse Oil will find it's way to market,too much money at stake.
abcdMA Champion Author Worcester Posts:7,932 Points:1,576,930 Joined:Nov 2008	Message Posted: Jun 25, 2012 11:11:58 PM Ignore abcdMA Report Abuse one way to avoid a hot spot for shipping
stueyAZ Sophomore Author Phoenix Posts:214 Points:23,870 Joined:Nov 2011	Message Posted: Jun 25, 2012 11:11:48 PM Ignore stueyAZ Report Abuse thin ice.....
bvrbill Champion Author Eugene Posts:3,229 Points:520,575 Joined:Jul 2011	Message Posted: Jun 25, 2012 11:10:54 PM Ignore bvrbill Report Abuse It would be great if we weren't importing OPEC oil.
misterray Champion Author Oregon Posts:3,178 Points:721,865 Joined:Aug 2008	Message Posted: Jun 25, 2012 11:09:52 PM Ignore misterray Report Abuse Move cautiously.
serrog Champion Author Nova Scotia Posts:5,574 Points:1,514,080 Joined:Oct 2008	Message Posted: Jun 25, 2012 11:06:59 PM Ignore serrog Report Abuse In North America this would not get done - Too many greenies here
Barfood Champion Author St. Louis Posts:3,311 Points:1,019,630 Joined:Jun 2009	Message Posted: Jun 25, 2012 11:06:39 PM Ignore Barfood Report Abuse Oil will find its way to market, there's too much money at stake.
petrpuck All-Star Author Hamilton Posts:559 Points:420,060 Joined:Nov 2011	Message Posted: Jun 25, 2012 11:04:31 PM Ignore petrpuck Report Abuse right on
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: Jun 25, 2012 11:03:19 PM Ignore 5kvdave Report Abuse Good old greed!!!!
flyfast Champion Author Kansas City Posts:9,258 Points:1,827,010 Joined:Jan 2008	Message Posted: Jun 25, 2012 11:03:14 PM Ignore flyfast Report Abuse more than one way to get it out
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Jun 25, 2012 11:02:13 PM Ignore sammy518 Report Abuse ok
N4PIP All-Star Author Miami Posts:910 Points:420,405 Joined:Jan 2012	Message Posted: Jun 25, 2012 10:59:42 PM Ignore N4PIP Report Abuse Sounds like the UAE is giving the middle finger to Iran. Good for them (and us)!
weenerdog Champion Author Detroit Posts:9,471 Points:1,886,840 Joined:Jan 2008	Message Posted: Jun 25, 2012 10:57:15 PM Ignore weenerdog Report Abuse we'll see
mcmonsta Champion Author Honolulu Posts:3,232 Points:819,520 Joined:Sep 2009	Message Posted: Jun 25, 2012 10:55:06 PM Ignore mcmonsta Report Abuse have to find a way to make money...right?
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Jun 25, 2012 10:53:33 PM Ignore WIPACKERFAN Report Abuse Good news.
Tekkersmom57 Champion Author Syracuse Posts:1,884 Points:702,165 Joined:May 2010	Message Posted: Jun 25, 2012 10:53:31 PM Ignore Tekkersmom57 Report Abuse Way to go for bypassing the Strait!
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: Jun 25, 2012 10:51:38 PM Ignore themaninthehat Report Abuse Time will tell.
Alfied Champion Author Riverside Posts:7,945 Points:1,757,235 Joined:Jun 2001	Message Posted: Jun 25, 2012 10:50:23 PM Ignore Alfied Report Abuse Good news.
danreino Champion Author Twin Cities Posts:8,358 Points:1,541,705 Joined:Mar 2008	Message Posted: Jun 25, 2012 10:50:12 PM Ignore danreino Report Abuse 3 cheers for the UAE...