Attacks in Saudi Arabia on two oil factories

AMKC

Will this push up oil prices? Not good for us here in the west.
That means everything else will then go up i n price.

Note an be moved to Current Affairs if moderator thinks this thread is better there.

davo2001

Those two oil fields account for 10% of the worlds production, they are operating at 50% reduced capacity now so 5% reduction of the worlds capacity gone.

Yes, fuel prices will rise.

suicide_circus

good, we need less oil there's a climate emergency HELLO???!!!

Odhinn

AMKC wrote: »

Will this push up oil prices? .

Yep.

BDI

suicide_circus wrote: »

good, we need less oil there's a climate emergency HELLO???!!!

They burned the oil all together.

Liberals summed up in one post.

Ken.

Mod-Thread moved to CA. Read the charter

suicide_circus

BDI wrote: »

They burned the oil all together

listen genius, once its burned it cant pollute the atmosphere running filthy internal combustion engines !

AMKC

So who here thinks this was done by the Saudi's themselves to push up oil prices?

igCorcaigh

AMKC wrote: »

So who here thinks this was done by the Saudi's themselves to push up oil prices?

Nah. Doesn't make sense if you think of the logistics.

igCorcaigh

If they were cruise missiles, as some US sources are suggesting, how come they were not intercepted?

AMKC

So they are now saying that America might bomb Iranian oil fields. Will this be the start of another war in the Middle East if that happens? A war none of us want and hope will never happen. Very bad if that happens

2Mad2BeMad

I filled up my tank today, so im good for about 10 days fingers crossed

AMKC

2Mad2BeMad wrote: »

I filled up my tank today, so im good for about 10 days fingers crossed

Wow your house boiler must be very hard on the oil

Assetbacked

Seems far too easy for Iranian drones to just fly in and bomb the oil fields. Especially with Trump's escalating verbal threats against Iran and the alliance the US has with the Saudis.

AMKC

Assetbacked wrote: »

Seems far too easy for Iranian drones to just fly in and bomb the oil fields. Especially Trump's escalating verbal threats against Iran and the alliance the US has with the Saudis.

Iran I would say could have done it if they wanted too. If they actually done it I do not no. But they are saying that the Hooties done it. I don't know about that . These oil fields were not beside each other they were in two different parts of a very big country.
We will probably never know.

Forty Seven

Houthi drones with probably some Iranian expertise and training. Wouldn't be difficult to use off the shelf commercial drones combined with some bomb making skills which they have in droves. Never mind oil prices. If this expertise makes its way through terrorist groups and onto the internet (which it will) then we are facing a time where anyone can be attacked anywhere by anyone else.
This is a very worrying development.

igCorcaigh

AMKC wrote: »

So they are now saying that America might bomb Iranian oil fields. Will this be the start of another war in the Middle East if that happens? A war none of us want and hope will never happen. Very bad if that happens

Yes. Very bad.

Phileas Frog

suicide_circus wrote: »

listen genius, once its burned it cant pollute the atmosphere running filthy internal combustion engines !

I don't think you understand.

Danzy

AMKC wrote: »

So who here thinks this was done by the Saudi's themselves to push up oil prices?

No, they could just cut production, this marks them out as unreliable supplier.

There is a lot of oil coming online in next year, there is expected to be a 1.5mn barrel over supply.

igCorcaigh

AMKC wrote: »

Iran I would say could have done it if they wanted too. If they actually done it I do not no. But they are saying that the Hooties done it. I don't know about that . These oil fields were not beside each other they were in two different parts of a very big country.
We will probably never know.

They're examining the drones/missiles, and aerial photos of the damage have been released.

As always though, it comes down to who you believe. I wouldn't trust any of them.

MonkieSocks

2Mad2BeMad wrote: »

I filled up my tank today, so im good for about 10 days fingers crossed

Where'd ya get a Tank......Army Sur+

bigroad

With all the electric cars on the scene now maybe the 5% less oil will make no difference.

AMKC

bigroad wrote: »

With all the electric cars on the scene now maybe the 5% less oil will make no difference.

Highly doubt it enough. There is only about 5 thousand new electric cars in Ireland and they still only account for 0.05% or something small like that in the amount new cars sold. So it will be felt unfortunately. Really depends on what the markets think of it in the morning. We will all know tomorrow.

rockatansky

I'll say this for the Iranians, they're certainly ballsy!

US Drone shot down, British Registered Oil Tanker seized, Limpet mines attached to Arab ships, Selling oil to Assad, and now attacking Saudi Oil fields (directly/indirectly).

They're only itching for a strike on one of their oil fields and then its blockade on the straits of hormuz! That's when the fun really starts.

I'd imagine Hezbollah are gearing up for the Long War shortly also.

blackwave

Just as well Bolton is gone from the White House, god know's what he would be suggesting right now if he was still there.

Mad_maxx

Looks like I picked the wrong week to sell my royal dutch shell shares

Atlantic Dawn

bigroad wrote: »

With all the electric cars on the scene now maybe the 5% less oil will make no difference.

There's not even 1% of all cars in the country electric, long time to go before we turn our back on oil.

the_syco

AMKC wrote: »

But they are saying that the Hooties done it.

https://www.youtube.com/watch?v=sz58GyPoY3o

Rough translation from the Yemen rebels; come at me bro!

uck51js9zml2yt

suicide_circus wrote: »

listen genius, once its burned it cant pollute the atmosphere running filthy internal combustion engines !

I take it you never go in a car, bus, plane, train or use any delivered products!

Grand..I thought so

Cheerful Spring2

igCorcaigh wrote: »

They're examining the drones/missiles, and aerial photos of the damage have been released.

As always though, it comes down to who you believe. I wouldn't trust any of them.

It very strange this attack just happens to occur after Bolton resigned and sources said he left because Trump was considering sanction relief for Iran. Bolton was opposed to this.

Why would Iran do this now when tensions are relaxing after Bolton departure? Another strange incident that doesn't benefiit Iran?

rockatansky

rockatansky wrote: »

I'll say this for the Iranians, they're certainly ballsy!

US Drone shot down, British Registered Oil Tanker seized, Limpet mines attached to Arab ships, Selling oil to Assad, and now attacking Saudi Oil fields (directly/indirectly).

They're only itching for a strike on one of their oil fields and then its blockade on the straits of hormuz! That's when the fun really starts.

I wonder have the the nuke already.

Cheerful Spring2

blackwave wrote: »

Just as well Bolton is gone from the White House, god know's what he would be suggesting right now if he was still there.

Trump said this an hour ago
There is reason to believe that we know the culprit, are locked and loaded depending on verification.

Trump changes his mind often, but reading between the lines expect a military strike soon. They probably attack Iranian backed targets inside Iraq? Attacking targets inside Iran would be very risky, and who knows if they are going to do it?

Sandor Clegane

Everyone involved in this situation is so shady and unscrupulous that it's impossible to know what the real story is, or who the real culprits are.

GM228

https://www.bloomberg.com/amp/news/articles/2019-09-15/saudis-race-to-restore-oil-output-after-crippling-aramco-attack?srnd=premium&__twitter_impression=true

For the global oil market, the 5.7 million barrels a day Saudi halt is the single worst sudden disruption ever, surpassing the loss of Kuwaiti and Iraqi petroleum supply in August 1990, when Saddam Hussein invaded his neighbor. It also exceeds the loss of Iranian oil output in 1979 during the Islamic Revolution, according to data from the U.S. Department of Energy.

Interesting day ahead on the markets.

Atlantic Dawn

GM228 wrote: »

https://www.bloomberg.com/amp/news/articles/2019-09-15/saudis-race-to-restore-oil-output-after-crippling-aramco-attack?srnd=premium&__twitter_impression=true



Interesting day ahead on the markets.

And they can't just pop down to the local Woodies to buy a few lengths of pipe to fix it either.

4068ac1elhodqr

GM228 wrote: »

Interesting day ahead on the markets.

Already +11.6 & 10.5 (%) for Brent & WTI.

Danzy

If this had happened 20 years ago the market reaction would have been more extreme.

Still be damaging.

A repeat of this would warrant a military response.

He'll, this alone is a declaration of war.

Same as a blockade of the straits of hormuz would be.

An attempt to strangle the world economy.

The Phantom Jipper

AMKC wrote: »

Assetbacked wrote: »

Seems far too easy for Iranian drones to just fly in and bomb the oil fields. Especially Trump's escalating verbal threats against Iran and the alliance the US has with the Saudis.

Iran I would say could have done it if they wanted too. If they actually done it I do not no. But they are saying that the Hooties done it. I don't know about that . These oil fields were not beside each other they were in two different parts of a very big country.
We will probably never know.

It's hard to know who was behind it. The Iranians are blaming the Blowfish.

Danzy

Saying now that it appears to have been missiles instead of drones.

Usurper.

Forty Seven wrote: »

Houthi drones with probably some Iranian expertise and training. Wouldn't be difficult to use off the shelf commercial drones combined with some bomb making skills which they have in droves. Never mind oil prices. If this expertise makes its way through terrorist groups and onto the internet (which it will) then we are facing a time where anyone can be attacked anywhere by anyone else.
This is a very worrying development.

The doomsday scenario with Sellafield is here

TommyKnocker

AMKC wrote: »

So who here thinks this was done by the Saudi's themselves to push up oil prices?

If an outside actor is involved then my money would be on the Israeli's, to get the US to attack Iran as the Israeli's love their drones and Nut&Yahoo has been running his mouth off about Iran being close to having a nuke.

galwayllm

It was a US attack...
Gawd!

And Climate change is made up..
You're all such lemmings

TommyKnocker

blackwave wrote: »

Just as well Bolton is gone from the White House, god know's what he would be suggesting right now if he was still there.

The explosions were still going off and Pompeo was blaming the Iranians and shouting for retaliation, so Bolton is not required to fan any flames of war. There are more than enough nutters in the US government only itching to attack Iran.

4068ac1elhodqr

Another tanker taken within the last hour or so:
IRG arrests a vessel and 11 crew on 'diesel smuggling charges'.

BP have traded $9.7bn so far this morning, stock up about 5% (biggest mover of the day).
Brent spot @$66. Fill up your car.

TheValeyard

We sure it was Drones / Cruise Missiles? Just seems odd that the defence systems didnt kick in.

For those interested, this podcast does a decent job of explaining how drones have been and could be used to cause chaos against a modern military.

https://open.spotify.com/episode/0gaFGsedvOvm3RPsjE8sB7?si=kK3darWoTauRX7J2FjQGuw

notobtuse

bigroad wrote: »

With all the electric cars on the scene now maybe the 5% less oil will make no difference.

And how exactly is that magic electricity created? Do they use gumdrops and fairy dust to produce that electricity?

CrankyHaus

TheValeyard wrote: »

We sure it was Drones / Cruise Missiles? Just seems odd that the defence systems didnt kick in.

The range involved makes drones unlikely. Anything big enough to fly that far from Yemen should be a big, slow, loud target. In fact it seems likely that the Houthis taking credit for a drone attack is deliberate misinformation.

Aramco believes it was missiles. Even cruise missiles would be harder to intercept than drones, particularly if they came from a less expected direction. While Saudi Arabia has world class Air Defence systems there is ample evidence that human failings in its military severely undermines the effectiveness of even 1st rate gear.

This is a good read on it.

https://www.armscontrolwonk.com/archive/1208062/meet-the-quds-1/

James Brown

I love the way everyone turns a blind eye to prices rising instantly despite there being reserves and stock bought at older pricing. Of course prices will drop the moment the fires are put out

Trump is 'locked and loaded' anyway. It's like having a dumb petulant teenager in the WH. It could be Kuwait all over again. These people have no regard for 'the troops'.

Puts on tinfoil hat: Mossad?

Boggles

Matt Barrett wrote: »

I love the way everyone turns a blind eye to prices rising instantly despite there being reserves and stock bought at older pricing. Of course prices will drop the moment the fires are put out

Yeah that really is a bug bear of mine.

Price rises they can't up the prices quick enough, prices come down they claim they have bought old stock at higher prices and the price decrease will take time.

begsbyOnaTrain

Matt Barrett wrote: »

I love the way everyone turns a blind eye to prices rising instantly despite there being reserves and stock bought at older pricing. Of course prices will drop the moment the fires are put out

Probably not right away but yeah, given no war or anything you should see a price decrease in time. I mean oil has not risen in price forever.