Economy 52,842 Posted September 14, 2019 Share Posted September 14, 2019 https://www.google.ca/amp/s/oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.amp.html Rebels sent an unexpected drone attack that has caused 5 Million Barrels of oil production a day to go offline shocking video of the explosive fires on link on the bright side no deaths are reported at this time and Saudi Arabia believes the outage will not be very prolonged however 5 Million barrels a day is nearly 5% of world production and roughly half of Saudi Arabias daily production. As a result Oil prices could surge in the short term and surge even more if the outage lasts longer than expected Link to post Share on other sites More sharing options...
JusKeepBreathin 19,311 Posted September 14, 2019 Share Posted September 14, 2019 On the home screen the Title reads "Massive attack in Saudi Arabia collapses..." I thought it was going to end with, "Trump Hotel." On the subject: Great surging oil prices is just what we all wanted on top of Trump tarriffs. "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." -Martin Luther King Jr. Link to post Share on other sites More sharing options...
PunkTheFunk 125,703 Posted September 14, 2019 Share Posted September 14, 2019 My wallet is quaking Link to post Share on other sites More sharing options...
RAMROD 117,008 Posted September 14, 2019 Share Posted September 14, 2019 but we still have oil from Canada (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted September 14, 2019 Share Posted September 14, 2019 1 hour ago, Economy said: https://www.google.ca/amp/s/oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.amp.html Rebels sent an unexpected drone attack that has caused 5 Million Barrels of oil production a day to go offline shocking video of the explosive fires on link on the bright side no deaths are reported at this time and Saudi Arabia believes the outage will not be very prolonged however 5 Million barrels a day is nearly 5% of world production and roughly half of Saudi Arabias daily production. As a result Oil prices could surge in the short term and surge even more if the outage lasts longer than expected https://www.msn.com/en-us/news/world/saudi-arabia-shuts-down-about-half-its-oil-output-after-drone-strikes/ar-AAHh2yx?ocid=spartandhp I'm expecting an excalation of US military action against Iran now.... possibly nukes against them …. hopefully Russia will stay out of it ... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
LaLuna 12,732 Posted September 14, 2019 Share Posted September 14, 2019 Oh boy, guess we'd better get ready for an insane increase in oil prices Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted September 14, 2019 Share Posted September 14, 2019 42 minutes ago, LaLuna said: Oh boy, guess we'd better get ready for an insane increase in oil prices actually its a 5 percent cut in global production … a lot for one single field , but the reserves have been built up so this kind of event won't really impact availability at all … Paniced markets however.... it will be interesting how the market reacts on monday like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
ACT2 3,267 Posted September 14, 2019 Share Posted September 14, 2019 I Still Can't believe that this happened here houthis are the devil That's Gossip Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted September 14, 2019 Share Posted September 14, 2019 I feel for the Saudi's ... one thing that happened recently that has me worried a lot is that the Saudi gov. has allowed , per request , American military personnel on their land.... This is usually a big no no ... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,842 Posted September 14, 2019 Author Share Posted September 14, 2019 2 hours ago, Woolfsmck said: actually its a 5 percent cut in global production … a lot for one single field , but the reserves have been built up so this kind of event won't really impact availability at all … Paniced markets however.... it will be interesting how the market reacts on monday We may have enough supply stock for now but we know investors are gonna jump on the bullish news and drive up the price at least a bit the extent of the increase i think depends on the length of the outage tho Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted September 14, 2019 Share Posted September 14, 2019 22 minutes ago, Economy said: We may have enough supply stock for now but we know investors are gonna jump on the bullish news and drive up the price at least a bit the extent of the increase i think depends on the length of the outage tho that's the prediction … sure … but there is an oil glut .. and alternate sources will quickly pick up production to fill the gap... Good for the U.S .. and Canada actually … both have unused production capacity.. Plus the Industrial Complex leaders want to bomb the **** out of Iran and thieir oil production … the business of war is business..... If Iran copulates and actually bends to the west … its bad for the military economy. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,842 Posted September 15, 2019 Author Share Posted September 15, 2019 1 hour ago, Woolfsmck said: that's the prediction … sure … but there is an oil glut .. and alternate sources will quickly pick up production to fill the gap... Good for the U.S .. and Canada actually … both have unused production capacity.. Plus the Industrial Complex leaders want to bomb the **** out of Iran and thieir oil production … the business of war is business..... If Iran copulates and actually bends to the west … its bad for the military economy. I mean 5 million barrels would be hard to fill even by US and Canada... and Canada has eccess capacity because it has not enough space with pipelines so Canada cant help much until more trains come online to move oil im saying there could be a short term spike in prices if it seems like the outage could last sometime... on the flip side if it seems like the outage will be very shortlived then probably not much will happen to prices but the spike would be unlikely to last long tho regardless even if there is one the next few days and the reports will determine that tho. If it seems like the outage could last even a few weeks, id expect a spike for a a bit of time i wouldnt mind cuz theres these oil stocks in the red ive been dying to sell off for over a year Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted September 15, 2019 Share Posted September 15, 2019 50 minutes ago, Economy said: I mean 5 million barrels would be hard to fill even by US and Canada... and Canada has eccess capacity because it has not enough space with pipelines so Canada cant help much until more trains come online to move oil im saying there could be a short term spike in prices if it seems like the outage could last sometime... on the flip side if it seems like the outage will be very shortlived then probably not much will happen to prices but the spike would be unlikely to last long tho regardless even if there is one the next few days and the reports will determine that tho. If it seems like the outage could last even a few weeks, id expect a spike for a a bit of time i wouldnt mind cuz theres these oil stocks in the red ive been dying to sell off for over a year Don't forget that the Saudis engineers will be able to erect repairs fairly quick...its just pipes... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
NightStar 313 Posted September 15, 2019 Share Posted September 15, 2019 5 hours ago, Woolfsmck said: https://www.msn.com/en-us/news/world/saudi-arabia-shuts-down-about-half-its-oil-output-after-drone-strikes/ar-AAHh2yx?ocid=spartandhp I'm expecting an excalation of US military action against Iran now.... possibly nukes against them …. hopefully Russia will stay out of it ... I think Israel and Turkey will matter way more than Russia. They are much closer to Iran and I ain’t sure someone is going to be happy about their neighbors being nuked ‘cause radiation travels through borders Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted September 15, 2019 Share Posted September 15, 2019 13 minutes ago, NightStar said: I think Israel and Turkey will matter way more than Russia. They are much closer to Iran and I ain’t sure someone is going to be happy about their neighbors being nuked ‘cause radiation travels through borders Good point...Israel already considers themselves at war. . Turkey will need to lend a hand to prevent Iran from swarming with numerical superiority. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
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