Saudi Arabia oil facilities ablaze after drone strikes

originally posted by: gortex
a reply to: savagediver

It's being reported that up to half of Saudi oil production has been suspended due to the attack.
Price rises and likely Saudi reprisals incoming.

If Saudi oil production is cut in half, for any appreciable length of time, what impact will that have on the state of the global economy?

Prices are likely to rise, recession fears deepen, the Brexit situation remains unresolved, the US/China trade war continues, China feels pressure to resolve the uprising in Hong Kong (a major world financial center).

A pattern seems to be developing here, a roadmap, leading us, inexorably to the on-ramp to the highway to Hell.

a reply to: gortex

Don't feel bad for the Saudi's....have at them Iran...the United States won't hold the Saudi's accountable for their peoples participation in 9-11

A quote I read many, many years ago but have never forgotten: "Maybe we should stop thinking of it as Middle East conflict and just call it Middle East culture.

But, actually, it's proxy war.

a reply to: gortex


The Middle East will continue to fight until they are all dead.

Then they'll bring the fight to Europe, North America and continue fighting until everyone else is all dead.


SMGDH

a reply to: gortex

for a bit more context:

Aramco, in fullArabian American Oil Company, Oil company founded by the Standard Oil Co. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession.

Other U.S. companies joined after oil was found near Dhahran in 1938. In 1950 Aramco opened a pipeline from Saudi Arabia to the Mediterranean Sea port of Sidon, Leb. It was closed in 1983 except to supply a refinery in Jordan. A more successful pipeline, with a destination on the Persian Gulf, was finished in 1981. In 1951 Aramco found the first offshore oil field in the Middle East.

In the 1970s and ’80s, control gradually passed to the Saudi Arabian government, which eventually took over Aramco and renamed it Saudi Aramco in 1988.

www.britannica.com...=Aramco&targetText=Aramco%2C%20in%20fullArabian%20American%20Oil,found%20near%20Dhahran%20in%201938.

In 1973, the Saudi Arabian government purchased a 25% interest in Aramco, gradually increasing its stake to 100% in the late 1970s. In the late 1980s, the Saudi Arabian Oil Company (Saudi Aramco) was officially established.

www.investopedia.com...=In%201973%2C%20the%20Saudi%20Arabian,Saudi%20Aramco)%20was%20officially%20establi shed.

While a private company it pays 50% in 'taxes' to the Saudi government per above.

Also is looking to float bonds

Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company.

www.reuters.com...

The issue has attracted interest from a wide range of investors, as the oil producer’s vast profits would put its debt rating - if unconstrained by its sovereign links - in the same league as independent oil majors like Exxon Mobil and Shell.

And their profits rise when there is less 'oil' on the market.

I'd follow the money. They have to service these bonds.

a reply to: gortex

The second video you linked is using footage from a chemical explosion that happened 6+ years ago in Mexico.

a reply to: DBCowboy

The Middle East will continue to fight until they are all dead.

Seems to me conflict in the Middle East largely stems from either American intervention or intervention by allies of America in the region. , many Middle Eastern countries not on US hit lists live in peace.

Then they'll bring the fight to Europe, North America and continue fighting until everyone else is all dead.

SMGDH indeed.

a reply to: Phage

lolll buy an drone at amazon.com put an lump c4 on it and let it crasch on an oiltank ore other critical installation easy as it goes
every man can do it...

but mr Pompeo still believes huti's are apes and saudi's civiliced humans..
so it has to be iran/Russia/china /north Korea ect ..just wat the US gov want us to believe

guess the final truth is that somebody at the raffinery messed up something..

a reply to: Bhadhidar

oil is aready finisht long time ago but nobody dares to speak it out …
doom for the rich and stockmarket yessss
but in longer termes good for us all and oure planet

MAJOR ATTACK FALSE FLAG!! SAUDI OIL DESTROYED! PREPARE FOR WAR..


This commentary brings up a few motivations for yet another false flag attack.

- Bibi job is on the line in Israel, nothing like some conflict to rally the troops.
- Aramco IPO fund raising is expected to boost up with reduced competition in the region.
- Global oil prices are expected to jump with a 5% reduction in the global oil supply.
- Further demonization of the already persecuted Yemen population.
- Increase profits for the criminal cabal.

originally posted by: gortex
a reply to: DBCowboy

The Middle East will continue to fight until they are all dead.

Seems to me conflict in the Middle East largely stems from either American intervention or intervention by allies of America in the region. , many Middle Eastern countries not on US hit lists live in peace.

Then they'll bring the fight to Europe, North America and continue fighting until everyone else is all dead.

SMGDH indeed.

Can you describe a period in history where there was peace throughout the Middle East?

Can anyone?

I can. There was this one time when it rained for like 40 days or something. It was pretty chill for a time after that.



a reply to: DBCowboy

originally posted by: Flyingclaydisk
I wouldn't be entirely surprised to learn the Mossad is behind this.

Of course Israel would love nothing more then America to destroy Iran for them. All to the cost of the American tax payer and the kids that fight the war.

originally posted by: ressiv
a reply to: Phage

lolll buy an drone at amazon.com put an lump c4 on it and let it crasch on an oiltank ore other critical installation easy as it goes
every man can do it...

but mr Pompeo still believes huti's are apes and saudi's civiliced humans..
so it has to be iran/Russia/china /north Korea ect ..just wat the US gov want us to believe

guess the final truth is that somebody at the raffinery messed up something..

C4 isnt a contact explosive. It needs a shock of energy.

Something else to consider:

This attack was carried out via drone strike. Drones are relatively cheap, and easy to replace, they are, essentially designed to be expendable.

This one strike is said to have, at least temporarily, taken out up to half of the Saudi oil production.


Will there be a Second Strike to take out the remaining half of production?

Iran War Imminent? Trump Says US "Locked And Loaded" To Respond To Saudi Attack

Saudi story is very suspicious. Called it a drone attack. US satellites showed it was really a missile attack. Now Saudis agree it was a missile attack. No long term damage to the facilities. The tanks didn’t have anything in them or they would have exploded. Doesn’t add up.

Satellite Images Reveal It Would Take "Months" To Fix Saudi Oil Facility

However, US and Saudi officials, still amid an ongoing investigation, have told reporters they are "certain" the attack actually originated from Iraq, especially as the debris and precision targeting show a level of "sophistication" which would link it to Iran's elite IRGC.

We're Ready For "Full-Fledged" War: Iran Responds To US Accusation It Launched Saudi Oil Attack

Iranian foreign ministry spokesman Abbas Mousavi slammed Washington for a "maximum pressure" strategy that has turned to "maximum lies," saying that because of the former's "failure [the US] is leaning toward maximum lies". FM Javad Zarif also said these were a continuation of efforts to pressure and shame into compliance under US hegemony. Iran denied the accusations, which followed photos circulating online which appeared to show cruise missile debris scattered in the Saudi desert outside the incapacitated oil facilities.

The Gold and Silver Market are already reflecting what tomorrows stock markets reactions will be. As of now, 7:36pm Pacific Time, Silver is up almost 50 cents and Gold is up almost $20. Crude oil is also up 10%! Will be an interesting day tomorrow to see how the world markets are going to respond to these attacks!

originally posted by: savagediver
Have to keep the price of oil up and have an enemy to blame it on all in one wack.

A win-win for oil producers. Plus the equipment gets renewed. I have been saying for years the hydrogen powered motors will get built after the oil is gone. The fake climate scare the UN is pushing is all for them to justify the taxes on carbon so the Cabal can keep milking their cash cows.

Monday looks to be a very “interesting” day for the US (and world economy).

Oil prices are up, markets are nervous, and the United Auto Workers Union has gone on strike against General Motors.

Fasten your seatbelts!

originally posted by: Bhadhidar
Monday looks to be a very “interesting” day for the US (and world economy).

Oil prices are up, markets are nervous, and the United Auto Workers Union has gone on strike against General Motors.

Fasten your seatbelts!

Doom and gloom forecast was wrong again. When so many push the "be afraid, be very afraid" agenda it becomes a boy crying wolf story to remember. How many times have the reasons to fear been lost in nothing happening? But since 9/11 type events are too far between the fear mongers have to stir the pot. If Saudi doesn't sell a drop of oil Russian, China, other nations with lots of oil underground still will be glad to replace the ME.

Recall the story about the largest finds have the USA reserve estimated to be way more than the house Saud.

www.cnbc.com...

We should stay out of it IMO. Progs in the US and those Euro's have done a freaking # on the people of the ME by promoting the evil ones over the kind ones. ISIS got help from Obama and the Yadzidi were exterminated, raped and worse if that could have been imagined. The Mullahs of Iran got help from Jimmy Carter and his UN buddies.