VOA: Saudi Arabia: Drone Attacks Halted Half Its Oil Production
Saudi Arabia's energy minister said Saturday that drone attacks on two Aramco oil facilities have cut the kingdom's oil production in half.
Amateur video of the early morning attack in Abqaiq, in eastern Saudi Arabia, showed several blazes raging. By afternoon, video showed huge plumes of smoke rising into the sky. Saudi officials said no workers were killed or injured in the attacks.
A military spokesman for Yemen’s Houthi militia, Col. Yahya Saree, claimed responsibility Saturday for the drone attacks on Saudi oil facilities and vowed to increase them if Saudi-coalition forces continued their strikes on targets inside Yemen. It was not clear, however, if the drones originated in Yemen.
Read more ....
WNU Editor: I doubt that this was a lucky military strike. This was a well thought of and planned attack, deliberately targeting the critical components responsible for oil production at these two Aramco oil facilities, especially the Abqaiq oil processing facility. I doubt very much that the Houthis have that type of intelligence, which is why everyone is blaming Iran. As to how long will this production cut last? The latest videos show extensive fires ongoing throughout the complex. It will probably take months to fix and resume production. And here is an easy prediction. Even though other oil producers will rush in to fill demand, expect a massive increase in oil and gas prices in the coming weeks .... Saudi attacks: Oil price to spike as production halves (DW).
More News On The Impact Of Oil Production And Oil Prices After This Weekends Attack On Saudi Arabia's Oil Facilities
Saudi oil production cut by 50% after drones attack crude facilities -- CNBC
Coordinated strikes knock out half of Saudi oil capacity, more than 5 million barrels a day -- CNN
Attacks on Saudi facilities threaten spare oil capacity, price hikes -- Reuters
Analyst view: Saudi attacks raise spectre of oil at $100/barrel -- Reuters
17 comments:
Increased demand for Iranian oil coming up?
No need to worry. Master geopolitical strategist Jared talked to clown prince MBS last night and they got this whole matter locked down.
Meathead Pompeo chimed in too; accusing the mullahs of kicking puppies. With brilliant minds like this in charge of US foreign policy what could go wrong?
No, Bobby Boo.
It means that some of the oil wells presently capped in America will be in production again.
I also see that you do not not understand supply and demand curves, but I would not expect an ill-educated such as yourself to understand such simple things.
Maybe you ought read about the Ploesti air raid.
Maybe you ought to grow a neuron so that you can out clock a slug.
That's why you need energy independence from this region. The US was right to do so.
@anon 1029:
Isn't it awesome how people in the other party root for failure of their president. Amazes me. Then they go into denial "not my president!!" "sexist fascist worse than Hitler!!" and meanwhile they are tying his hands, proudly and fanatically so, only to help a true radical, evil regime that just bombed an oil refinery. But yeah whatever. Trump baaaaaad. I goooooooood.
Brilliant. Leave your comment online for historians to chuckle about your depth and analytical capabilities. :)
"MAUYBE [sic] YOU SHOULD ..."
What comes around goes around. Bob is strenuous in his put downs, so it comes right back at him. Pretty simple math really.
I'm sorry. I mentioned math. That really isn't your strong suit. In fact IMO any degree of facility with math beyond counting your fingers is not in the cards for you.
China, Iran’s patron for all things, including nuclear weapons know how, will be pissed as their import bill jumps. Look for a blockade of tankers carrying Iran’s crude leaving Iran waters.
This is another reason for nations to source American crude and guess what, China tariffs it by 25% so cheaper American crude goes elsewhere.
Retaliation is inevitable and might be just as sneaky as Iran’s attack yesterday.
Anon
"What comes around goes around. Bob is strenuous in his put downs, so it comes right back at him. Pretty simple math really."
Your comments are never strenuous but they are pretty simple. Oh and childish.
Anon
mine: "Increased demand for Iranian oil coming up?"
Yours: "I also see that you do not not understand supply and demand curves, but I would not expect an ill-educated such as yourself to understand such simple things."
In all of your erratic and inane posts, this one has to be the epitome of stupidity given that your genetic code would likely identify your father, was a communal hot tube that also included a specimen of DJT, or, one of his sons and I don't mean the brightest one, you know the one he is contemplating disowning.
Stephen
Absolutley. Could have been a lesson learned from the Iranians those many years ago.
You're the type of person that if they were a Democrat pol would say "the Polls have close in NYC, call the elections as a victory for the Dems.
You and Mossadegh 2 peas in a pod.
Anon
Note the added part.
"In all of your erratic,***** the next word anon ***** dysfunctional, ***** and inane posts, this one has to be the epitome of stupidity given that your genetic code would likely identify your father, was a communal hot tube that also included a specimen of DJT, or, one of his sons and I don't mean the brightest one, you know the one he is contemplating disowning."
Steve,
I wholeheartedly agree with your post.
I would hope some day we have leaders who view indebtedness in the same light. Especially when it's an adversary such as China who's doing the loaning.
our little bookkeeper loves to badmouth others about their lack of math skills. Moron: we have calculators, accountant, etc to take care of this. Because you have a minor job keeping books at some place does not make you an outstanding mathemtician, or, if I am mistaken, then cite your publications
Iran is desperately hoping to bait Trump into a war by harassing and attacking non-US infrastructure and asserts. Strangely never attacking the US directly.
What a disappointment it would be - for the anti-western cynics who sit safely behind the US Mil umbrella - if this attack wasn’t “the big one”. What if the US and Saudi infrastructure recover the 5M bbl per day and thIs thing turns out to be a blip, not the catastrophe that they all hope for.
As a response: Amp up he sanctions and deny visas for the Iranian UN delegation for the upcoming UN Meetings. And increase the pressure from there.
And yes - a large opportunity for the US to step in and create the supply and controls needed.
then cite your publications?
Loser it is a 1st semester calc problem. Just pick up any 1st semester calc book and you should be able to see for yourself.
What did you post, when I earnestly told you to take a Calc course at a community college (or something), because it would open up whole world s to you?
You said "FUCK YOU"
I regret no taking book keeping and typing in high school. They were useful courses and they were heavily weighted with good looking, studious girls. I was already maxed out on courses, so it did not happen.
I don't think Parrot knows much about WW2. He did not mention it much in his memoirs such as they were. I have to reread them, but I do not think he mentioned Elie much either. Maybe bringing up Elie is more for show?
Ploesti Oil Refinery.
"The Allies made Ploiești a target of the Oil campaign of World War II and attacked it repeatedly,[10] such as during the HALPRO (June 1942) and Operation Tidal Wave (1 August 1943) at a great loss, without producing any significant delay in operation or production."
We will see in the coming 3 or 4 months if modern weapons change the calculus any.
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