"Less than 20% of the oil in the Persian Gulf is exported in normal times to Europe and Italy's share is less than 4%. But then it is correct to speak of a crisis and exasperate the tones, but also the prices and forecasts?". Davide Falteri, president of Federlogistica, which urges clarity on the real whys of the energy crisis.

A percentage, the one indicated by Falteri with regard to the Italy's oil imports from the Gulf region Persico, which coincides with the one presented at the beginning of last year, month, so just a few days after the beginning of the conflict in Iran, by the Union of Energies for Mobility (UNEM), the association of companies operating in Italy in the processing sector, logistics and distribution of petroleum products and other energy products. Referring to the surge in the prices of the diesel and jet fuel and specifying that this increase is linked to the strong pressure on supplies from the area of the Persian Gulf, UNEM had recalled that "in recent years both Italy and many other European countries have increased their from the refineries overlooking the Persian Gulf and which must necessarily pass through the Strait of Hormuz. Saudi Arabia, Kuwait, the United Arab Emirates, Oman are in fact investing heavily in new refineries that meet the specifications European quality standards, while in Europe the decline in the production capacity of existing refineries. Currently – the association had specified - 57% of diesel (3 million/tonnes) and 20% jet fuel (500,000 tonnes) imported from Italy transit through Hormuz, while only 6% of the oil (3.3 million/tons) passes through the Strait because much of the Saudi crude bypasses the Strait of Hormuz via the East West crude oil pipeline. In addition, 42% of the crude oil imported into Italy comes from the African continent (Libya first supplier with 24%), 30% comes from Azerbaijan and Kazakhstan and 13% from the USA."

Whatever the actual share of imports at present oil from the Persian Gulf, according to the president of Federlogistica "we are not faced with an immediate interruption of supplies such as to justify such rapid and generalized increases. The big players energy systems and national systems - said Falteri - have of significant stocks, built precisely to manage situations of tension like the current one. This means that the theme is not immediate availability of the product, but the way in which the market reacts to expectations with prices that incorporate non- real costs, but also geopolitical risk, the dynamics financial and, in some cases, possible speculative effects, anticipating crises that do not exist today or in any case do not arise in the terms in which they are proposed".

"Strange then - observed the president of Federlogistica - that this crisis comes at a delicate time for the energy transition. The electric and new technologies was going through a slowdown, and today the rise in traditional fuels risks altering again competitive balances by imposing a strategic transition which cannot be driven by sudden shocks".

Falteri stressed that the crisis cannot become a to offload costs on families and businesses, while instead, constant monitoring, long-term transparency would be necessary the entire supply chain and, if necessary, targeted interventions to avoid "At a time like this," he concluded, "the responsibility of politics and institutions is ensuring balance: defending energy security, protecting the production system and accompany the transition without creating further social and economic imbalances".