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Iran strikes world's largest natural gas facility, energy prices soar


Morphine Prince
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Morphine Prince

Oil prices soared 10 percent Thursday after Qatar reported "extensive" damage to the world's largest liquefied natural gas (LNG) facility following Iranian strikes, sparking fears for global energy supplies.

The price of European gas also jumped 35 percent after Tehran carried out attacks on Qatar's huge Ras Laffan LNG facility in retaliation for an Israeli strike Wednesday on Iran's South Pars gas field.

US President Donald Trump -- whose country started the war alongside Israel with their joint attack on Iran on February 28 -- said Washington did not know about the strike on South Pars, part of the world's largest natural gas reservoir.

But he warned the United States would "blow up" the Iranian gas field itself if Tehran did not stop attacking Qatar.

Qatar is one of the world's top liquefied natural gas producers, alongside the United States, Australia and Russia, and its Ras Laffan facility is the world's largest LNG hub.

Source: https://www.yahoo.com/news/articles/trump-threatens-destroy-irans-largest-052051938.html

 

 

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Economy

Oil gets all the attention i guess cuz ppl see it so directly every day at the pumps

 

But Natural Gas has been affected even worse by this and and I worry the most about the lost fertilizer going into markets. We got more oil stock piles than we do food (also food spoils, oil does not)

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Lord Mayhem

There's no point in opening the Strait if they start blowing up all the oil fields...I feel this war won't last much longer but wont end well for anybody :awkney:

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Ziggy

Trump throwing Netanyahu and Israel under the bus in his truth social post is very telling

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VTV
1 hour ago, Ziggy said:

Trump throwing Netanyahu and Israel under the bus in his truth social post is very telling

say what now? im too employed for this whats the tea?

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faysalaaa

I live right next to the oil fields in Saudi, so its real scary! Yesterday my whole city felt the bombs, and it fell next to people.

Edited by faysalaaa
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MOT
4 minutes ago, faysalaaa said:

I live right next to the oil fields in Saudi, so its real scary! Yesterday my whole city felt the bombs, and it fell next to people.

I'm sorry to hear this. I wish you well, you and everyone in your city.

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faysalaaa
4 minutes ago, MOT said:

I'm sorry to hear this. I wish you well, you and everyone in your city.

Thank You! People are now temporary moving to the East side of my country, because there is no oil and US military bases there.

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Emvee

To be clear, Iran did this in retaliation to Israel attacking their gas field. So many outlets are burying that detail in the body where the big headline is “IRAN ATTACKS.” 

Israel does not want the US to take the off-ramp, they want to escalate this war, and they do not care who it hurts. But somehow I can still see an outcome where the US is economically ruined and both parties are still bending over backwards to send billions to Israel. They have thoroughly bought US politicians as we’ve seen with the Illinois primary results. AIPAC easily creates new donation entities with “progressive” sounding names. 

Edited by Emvee
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Ziggy
33 minutes ago, VTV said:

say what now? im too employed for this whats the tea?

yeah he made a long post saying Israel attacked Iran's oil field unprompted without U.S. knowledge (the attack prompted Iran's attack in Qatar, for context) and now lots of reports are saying people in Washington are saying they're bracing for a huge break between Bibi and Trump. Who knows if it will happen, but it's telling that Trump would so brazenly blame Israel without assuming any U.S. responsibility or reinforce any allyship.

Edited by Ziggy
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Bronco
27 minutes ago, Ziggy said:

yeah he made a long post saying Israel attacked Iran's oil field unprompted without U.S. knowledge (the attack prompted Iran's attack in Qatar, for context) and now lots of reports are saying people in Washington are saying they're bracing for a huge break between Bibi and Trump. Who knows if it will happen, but it's telling that Trump would so brazenly blame Israel without assuming any U.S. responsibility or reinforce any allyship.

And Israel is trying to brief America helped them.

Bibi is finally getting a taste of true trumpism

The gays know how to party
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Monstermilo

israel and the US started this dont let them twist this lol 

im paying 5.40 for gas right now...... i might have to get a bike if prices continue to soar.....

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FfFfFfFF
1 hour ago, Monstermilo said:

im paying 5.40 for gas right now...... i might have to get a bike if prices continue to soar.....

Anti-car activists lowkey winning out of this whole ordeal.. :lana::flower:

Hot take: If this makes societs less dependent on cars, like the pandemic made people more aware of personal space, there is a silver lining.

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princedeeblebleble

Can't we all just live in a matriarchal society full of love, care and understanding :messga: I'm so tired of this bloodthirst and destruction for the 1%'s profit..

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