Muhammed bin Camel-lips very angry that he can't have his way.

 

Local price of gas was $2.63, back over $3 tomorrow. thanks

 

Local price of gas was $2.63, back over $3 tomorrow. thanks[/QUOTE

I read an article yesterday that opec and the saudis were going to restrict output to stabilize the oil supply and prices.

Surprise. Or not.

 

Surrounding angry countries knocking down the potential price for the big ARAMCO IPO that keeps getting delayed.

 

Calling it the World's Largest Facility, could have big impact on oil market.
https://www.zerohedge.com/geopoliti...ssive-fire-after-drone-strike-hits-worlds-largest-oil-processing-facility-saudi

 

2 big sites got hit. The refinery in Abqiaq and the Khurais field (big producer). Getting a bit more advanced in their methods as well. Last year they were lobbing rockets and hoping for a hit, now using drones and striking $$$ targets. Someone is funding the rebels....

 

Paid for by Obama’s cash gift to Iran.

 

This is a very interesting development. And I'm afraid its just the beginning of even more sophisticated drone strikes.

Everyone is scrambling to develop a defense. Maybe we'll see the return of something like barrage balloons used in WW2.

 

This. Intelligent people have realized drone warfare changes everything and there is currently no good defense. One wonders if it will take a 9/11 style attack, on US soil, with US casualties, to make everyone else understand this.

 

The U.S. imports 9% of its oil from Saudi Arabia, time to drop that to ZERO! Increase imports from elsewhere.

 

Last I read we were an oil exporter and we barely surpassed them as the worlds largest producer (with supposed capacity to spare).

 

This is a big development but it will not have the short-term impacts that are being speculated. This specific event just isn’t going to disrupt a large enough portion of world output. With that being said, I’ll be patiently waiting for the downstream impacts/responses from this. That is where it will get very interesting.

 

I guess we will see. These 2 sites that were hit, produce 8M barrels a day. That is about 250M per month give or take and it shuts down distribution to both coasts of Saudi Arabia. What I think is even more likely is a war between Saudi and Iran, with Saudi's drawing in the USA and Israel is chomping for action. One article I read said that cruise missile parts were found at the one site that was attacked. Did not say the origin. Although I suspect Iran. This could escalate quickly, Pompeo is already involved.

 

We should be making nice with Iran and help them deal with Saudi Arabia. We are on the wrong side in this one.

 

WSJ:


Saudi officials say oil production to return to normal levels by Monday

An attack like this, but that's truly apocalyptic, could happen years from now, in weeks, or as early as tomorrow.

But it looks like the one that happened isn't it.

It just suggests what else could happen one day.

 

Expect some retaliatory strike against Iran this week.

 

From whom?

 

The Wall Street Journal is calling this attack "The Big One" Traders will start pricing this into world oil price. Long term gradual rise in oil prices. https://www.wsj.com/articles/saudi-oil-attack-this-is-the-big-one-11568480576

 

Further escalation the US getting involved. https://www.zerohedge.com/geopoliti...ssive-fire-after-drone-strike-hits-worlds-largest-oil-processing-facility-saudi

 

Sadly ladies and gentlemen and those who are gender confused this was only a test , Key infastructure throughout Western Civilization is largely unprotected or bare minimum requirements which is a very false sense of security. EMDCOA should be planned for but sadly the establishment has their head in the sand and other orifices. Attacks like this are easier to accomplish with a much higher success rate in most assymetrical scenarios. I could be wrong, and I hope I am, but I highly doubt it , it is no longer a question of if anymore but when. the Sheep have no idea to be sure. OH well let the Hunger Games begin , If any terror group or several working together pull off a whole bunch of little ones and or a few big uns our system will be overwhelmed and in 28 days well , I think most of ya'll should know the score after that. JMHO and S/FI!

 

The Houthi rebels are basically Iran anyway. And certainly a coordinated drone strike would be all Iran. (I assume these are big drones, not toys).

Iran wants the sanctions lifted, or else.

So the US, being the sanctioning body, will need to decide if it will be war or not.

Sanctions are an act of war, and Iran is simply making that point very clear.

The US uses sanctions far too freely. Sooner or later, we were going to get called on the practice.

I'm just a nobody couch commander, but I think some hard core air strikes are in Iran's future.

There is no way the US is going to lose face to Iran and lift the sanctions.

If I was to guess, I would assume targets will be anything in their navy over 20 feet of waterline (to prevent them from attacking shipping), and all coastal air defenses and airports. And maybe a refinery.

probably be a couple weeks of UN discussions to condem and maybe issue some resolution/ultimatum to Iran, while carriers are moved into position.

 

Wow ... terrorism, tension, bombs, and war in the Mideast. What's the world coming to.

 

President Trump is already talking about opening up the SPR. Rumors that Saudi Arabia will hit back at Irans facilities taking out more oil. Estimates that the damage could put them down for 6 months. US could see gasoline price hikes by Monday of 25 cents a gal. Escalating fast.
https://uk.reuters.com/article/saud...stands-ready-to-tap-emergency-oil-reserve-after-saudi-attacks-doe-idUKL2N265098

 

Bolton was right...lol

 

Any updates on how many more times Gulcher is going to say escalation, fast, escalate quickly, etc before the night is over ?!!

 

Just for you Fonz, the situation was moving so fast, that Fonz was left picking his nose on the corner. It escalated from there to a rapid nose bleed. No amount of cotton balls stuffed in his snout would stop the bleeding but he kept picking faster and faster. The whole situation escalated until someone called an ambulance. Which quickly drove him to the hospital.

 

Well we have middle-east against middle-east. This is what bin Laden wanted.

Maybe this is what it takes to get the liberals to stop blocking oil and natural gas development in the US.

Purchased gas today about 5 pm EDT no price increase. If it were my staton I would have already bumped the price a dime.

So which companies will you have buy orders in on when the market opens Monday? The prices will already be up even before early extended trading starts in the USA is my guess.

 

OK, now that we are an EXPORTER of oil, not dependent on outside oil, why will our prices go up? We just keep what we have, drill baby drill, and shoot the finger to the ME. Let SA guard their own shirt now! Continue to back Israel, but thats it.

 

Because we now allow exports our price is becoming the higher world price. Why would us driller sell for $50/ barrel here when he could get $75 overseas?

 

Some people did something to start some fires but don't worry about it.

 

It was only a matter of time till drones were used for something like this.

Now the concept is proven nothing to stop them rolling it out across the world. Buckle in, could be a rough ride.

 

Ha ha, I love it. Saudi has been bombing the crap out of the Houti, killing tens of thousands, starving and displacing millions, never dreaming those poor people would or could ever strike back. Richest people on earth, meet the poorest. Goliath, meet David.

And to the John Boltons of the world, who think carpet bombing, sneak attacks, assassination, regime change and surgical nuclear strikes are solutions and can be made with impunity on anyone anymore, think again.

 

I was wrong. They are saying the attack was by small drones.
(So it is much less obvious that Iran was involved and this could simply be Yemen fighting back against their much stronger opponent. )
"
The attacks not only exposed a Saudi vulnerability in the war against the Houthis, but also demonstrated how relatively cheap it has become to stage such high-profile strikes. The drones used may have cost $15,000 or less to build, said Wim Zwijnenburg, a senior researcher on drones at PAX, a Dutch peace organization."
https://www.nytimes.com/2019/09/14/world/middleeast/saudi-arabia-refineries-drone-attack.html

To reach the distant targets, I assume they had someone drive them the long distance from Yemen to the refineries to get them in range.

before, I was thinking they meant large drones similar to the predator, but these smaller drones would bypass all air defenses if they travelled by ground transportation.

 

The smaller drones can also be launched from old fishing boats or freighters close in to shore or the back of truck etc. Big game changer.