General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHere's something interesting about the tanker blow ups
Mentioned in a newsletter called the Hustle..
Yesterday, mysterious explosions rocked 2 oil tankers in the Gulf of Oman, clogging up a crucial oil supply route.
Although US authorities blamed Iran, details are still hazy. But whats clear is that oil prices rose more than 3% as concerns mounted.
Why is the Gulf of Oman so important
The gulfs Strait of Hormuz is a route for ⅓ of the worlds oil -- so disruptions cause mayhem in the markets.
Yesterdays attacks -- which came after 4 other attacks in the area on May 12 -- suggest continued volatility, a problem for anyone who buys Middle Eastern hydrocarbons.
Texas just got really important
Now, with 2 of the worlds largest oil-producing regions -- Venezuela and the Middle East -- in chaos, Texas booming Permian basin region is suddenly a crucial point of stability in global oil markets.
Shares in US oil operations spiked significantly yesterday in response to the volatility in the market.
Most oil buyers wont abandon their existing suppliers yet. But if conditions continue to deteriorate, lots of global oil junkies are going to start lining up on Texas dusty doorstep.
( 2nd article on page, but above is entire thing)
who do we know in Texas oil who also is connected to trump and/or the Russians?
sop
(10,205 posts)Wellstone ruled
(34,661 posts)throw in Carl Ichan,oh well,how about the Koch Family. Then you have the Halliburton Crew. Gee,where does the list stop.
MarcA
(2,195 posts)dixiegrrrrl
(60,010 posts)Wellstone ruled
(34,661 posts)kept his 900k option in Halliburton. Seems to me it has more than a Billion Dollar payday if he cashed.
Never forget MBS might be one of those Puppet Masters. Someone has made billions on the Oil Futures Market just buy juicing the Media.
dixiegrrrrl
(60,010 posts)Amazing how those 2 tings have helped out Texas oil.
Wellstone ruled
(34,661 posts)Venezuelan Crude went to East Coast Refineries because of it's high sulfur and Bitimus nature. Much like the Crap in eastern Utah. Believe it is called Feed Stock,which is necessary to keep the Cracking Towers going.
Really has the Koch Stench to it as well as the Saudi's who just bought a large Crap Refinery just for their own Crude. Someone wants Putin and the Saudi Royal families mega dollars to replenish their reserves. Russia is supposed to be in a major hurt for money. They floated tens of Billions in dollar denominated Bonds last fall to make Pension Payments .
ck4829
(35,077 posts)LastLiberal in PalmSprings
(12,586 posts)Texas is still a mess.
eggplant
(3,911 posts)Who could imagine blowing up oil tankers just to make a profit? (checks notes) Oh, right. Other oil companies, the military industrial complex, the committee to reelect, ...
Nevermind.
BlueJac
(7,838 posts)Crime family!