Mike
Saoedi-Arabie
- Onderwerp starter fatsnotbad
- Startdatum
Mike
Saudi could be staring at a complete disaster.
Yemen just bombed the hell out of Saudi's East-West crude oil pipeline.
This is Saudi's main bypass route around the Strait of Hormuz.
Production costs for nitrogen fertilizer plants in India, Europe, China and several countries will most likely get out of control now.
Because the Strait of Hormuz is also shut down.
Twenty minutes ago, Iran bombed 4 oil tankers in the Hormuz.
Yemen now controls the city of Mocha.
All the islands controlling the Bab El Mandeb have also been conquered.
This means Saudi's exports are going to take a brutal hit.
Farmers in several countries will most likely struggle to afford nitrogen fertilizer now.
Wheat, rice and maize yields could fall drastically.
Higher diesel prices could also make irrigation and harvesting unaffordable.
This means millions of people could starve in the next two years.
Including the upper middle class.
The whole world could be looking at something catastrophic.
Mike
Yemen just bombed the hell out of Saudi's East-West crude oil pipeline.
This is Saudi's main bypass route around the Strait of Hormuz.
Production costs for nitrogen fertilizer plants in India, Europe, China and several countries will most likely get out of control now.
Because the Strait of Hormuz is also shut down.
Twenty minutes ago, Iran bombed 4 oil tankers in the Hormuz.
Yemen now controls the city of Mocha.
All the islands controlling the Bab El Mandeb have also been conquered.
This means Saudi's exports are going to take a brutal hit.
Farmers in several countries will most likely struggle to afford nitrogen fertilizer now.
Wheat, rice and maize yields could fall drastically.
Higher diesel prices could also make irrigation and harvesting unaffordable.
This means millions of people could starve in the next two years.
Including the upper middle class.
The whole world could be looking at something catastrophic.
Mike
BREAKING: Saudi Arabia's East-West crude oil pipeline has suffered catastrophic damage in at least 8 locations, per initial reports citing diplomatic channels.
This comes after satellite data showed a fire burning along the pipeline route southeast of Medina with a black smoke plume +100 km long, and consistent with the multiple heat anomalies NASA FIRMS recorded along the same stretch.
Mike
Laatst bewerkt:
Mike
Laatst bewerkt:
BREAKING: YEMEN’S HOUTHIS HAVE LIKELY STRUCK SAUDI ARABIA’S EAST-WEST PIPELINE — potentially hitting THE LAST MAJOR OIL EXPORT ROUTE BYPASSING HORMUZ, with satellite imagery showing THICK PLUMES OF SMOKE and an extreme thermal signature along the pipeline.
This suggests PIPELINES ARE NOT A SAFE ALTERNATIVE TO HORMUZ — when the routes designed to bypass the chokepoint can also be targeted.
Brent crude futures are now trading around $108.85 PER BARREL and it's about to increase more.
BREAKING: Saudi Arabia says its crude oil production has fallen to its lowest level since 1990 amid the Iran War.
Today, Saudi Arabia notified OPEC that its production declined by 1.9 million barrels per day, to a total of 6.2 million barrels per day.
Provisional tanker-tracking data also shows that Saudi crude exports plunged ~40% in August, from 5.1 million to 3.1 million barrels per day.
Brent crude oil prices are now above $108/barrel.
Mike
This suggests PIPELINES ARE NOT A SAFE ALTERNATIVE TO HORMUZ — when the routes designed to bypass the chokepoint can also be targeted.
Brent crude futures are now trading around $108.85 PER BARREL and it's about to increase more.
BREAKING: Saudi Arabia says its crude oil production has fallen to its lowest level since 1990 amid the Iran War.
Today, Saudi Arabia notified OPEC that its production declined by 1.9 million barrels per day, to a total of 6.2 million barrels per day.
Provisional tanker-tracking data also shows that Saudi crude exports plunged ~40% in August, from 5.1 million to 3.1 million barrels per day.
Brent crude oil prices are now above $108/barrel.
Mike
HOUTHIS HIT ARAMCO FACILITY AT PORT OF JIZAN — ENTIRE SITE BURNING
Right before the US elections. Right after the East-West Pipeline strike. Right after Saudi admitted production is at 1990 lows.
The world is on fire. Fertilizer, petrochemicals, transport costs — all spiking. Food prices will follow. In a few months, people will starve.
Saudi Arabia finds itself in a catastrophic situation.
With the latest strike on the Abqaiq-to-Yanbu pipeline—which served as the last remaining route for oil exports following the blockade of the Strait of Hormuz—Saudi Arabia has essentially ceased exporting oil;
Furthermore, it has already applied for a massive loan from the World Bank due to its dire economic state.
The fall of the Bab al-Mandab Strait into Houthi hands represents yet another disaster of unprecedented proportions for the Saudis, who were already seeing 50% of their ships attacked and blocked.
It is truly baffling to imagine how they will extricate themselves from this quagmire they have plunged into.
Mike
Right before the US elections. Right after the East-West Pipeline strike. Right after Saudi admitted production is at 1990 lows.
The world is on fire. Fertilizer, petrochemicals, transport costs — all spiking. Food prices will follow. In a few months, people will starve.
Saudi Arabia finds itself in a catastrophic situation.
With the latest strike on the Abqaiq-to-Yanbu pipeline—which served as the last remaining route for oil exports following the blockade of the Strait of Hormuz—Saudi Arabia has essentially ceased exporting oil;
Furthermore, it has already applied for a massive loan from the World Bank due to its dire economic state.
The fall of the Bab al-Mandab Strait into Houthi hands represents yet another disaster of unprecedented proportions for the Saudis, who were already seeing 50% of their ships attacked and blocked.
It is truly baffling to imagine how they will extricate themselves from this quagmire they have plunged into.
Mike
Mike
Mike
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