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Page added on September 14, 2019
Houthis claim drone attack on Saudi oil plant
A military spokesman for Yemen’s Houthi rebels has claimed a drone attack on two major oil installations in Saudi Arabia.
Yahia Sarie made the announcement Saturday in a televised address carried by the Houthi’s Al-Masirah satellite news channel.
He said the Houthis sent 10 drones to attack an oil processing facility in Buqyaq and the Khurais oil field.
He warned attacks by the rebels against the kingdom would only get worse if the war in Yemen continues.
Sarie said: “The only option for the Saudi government is to stop attacking us.”
A Saudi-led coalition has been battling the rebels since March 2015.
___
9:10 a.m.
Saudi Arabia says drones attacked two major oil facilities in the kingdom, sparking fires.
The kingdom did not say who was behind the attacks Saturday. Yemen’s Houthi rebels have launched similar attacks, but did not immediately claim the latest assaults.
The ministry said investigations were ongoing.
One attack struck a major oil facility in Buqyaq, which is near Dammam in the kingdom’s Eastern Province. Online videos apparently from the area showed a massive blaze on the horizon, with the apparent sound of gunfire in the background.
The ministry identified the other area targeted as its Khurais oil field.
___
6:55 a.m.
A Saudi-owned satellite news channel is reporting an explosion and fire at a Saudi Aramco facility in the kingdom’s east, without offering a cause for the blaze.
The Dubai-based broadcaster Al-Arabiya reported the fire early Saturday morning in Buqyaq, which is near Dammam in the kingdom’s Eastern Province.
The channel did not elaborate.
Online videos showed a massive blaze on the horizon, with the apparent sound of gunfire in the background.
State media in Saudi Arabia did not immediately report on the incident. Requests for comment to Aramco and officials in the kingdom were not immediately acknowledged.
33 Comments on "Houthis claim drone attack on Saudi oil plant"
twocats on Sat, 14th Sep 2019 9:50 am
Even if oil prices rise – as an investor do you pour money into shale to increase production on the off chance that oil price will last?
doesn’t look like we are at risk of a serious shortfall, but an interesting blip on the road to oblivion
joe on Sat, 14th Sep 2019 10:15 am
trump should back off support for the Saudis. Hes a shoe in for 2020 if he gets behind stopping wars. Supporting Turkey and peace in Syria is more important. Shale oil wont last forever, only as long as cheap money is around. This is causing deflation in the value of currencies and in the long term, pensions.
anon on Sat, 14th Sep 2019 10:43 am
wouldnt possibly be connected to the saudis knowing that their fields are played out and overworked, and they found a convenient plausible excuse for cutting back production ‘temporarily’ without letting it be widely known the real reason. you can overproduce a field for a while but done too much it will pull water up into the reservoir rock and ruin the flow through the rock. maybe they need a rest and maybe they will never be producing 9 or 10 mbd again. but if this cutback was known to be due to depletion a lot of people would freak out. if it’s due to fighting, well, everyones assumption is well fix it once ‘our’ side wins and the freakout is much more contained. how much of this is shadow theater anymore? i havent found any useful photos of the damage yet, it might have been superficial just to start some fires and explosions without trashing the facility.
a possible angle to consider on this… information coming through the mass media anymore is totally suspect and we have to guess and infer a lot anymore to reconstruct what might possibly be happening around the world…
Robert Inget on Sat, 14th Sep 2019 10:56 am
(Borrowed)
The great Russian author, Nabokov, once said: “ Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained.”
Ever since the emergence of US shale oil as a major source of oil supply, the energy market and the world have operated in a deep state of complacency. Many traders today have not experienced a material oil disruption event. Years of abundant oil supply growth tinged with notions of EVs imminent dominance and climate change policy hopium have created a false energy security reality. Complacency is a profoundly human condition and it obviously doesn’t only apply to the oil market. Complacency is the product of prolonged exposure to a recurrent event. In his book, The Black Swan, Nassim Talib says:
“Consider a turkey that is fed every day,” Taleb writes. “Every single feeding will firm up the bird’s belief that it is the general rule of life to be fed every day by friendly members of the human race ‘looking out for its best interests,’ as a politician would say. “On the afternoon of the Wednesday before Thanksgiving, something unexpected will happen to the turkey. It will incur a revision of belief.”
Bullish energy market tail risk is poorly appreciated. A month ago, a friend of mine, said that he was worried about a Black Swan event tanking the economy and pulling energy prices lower (Negative Black Swan event fears are quite prevalent since the financial crisis and in that sense my friend was not necessarily expressing a unique fear). I responded by saying that I rather fear a White Swan event (I say White Swan with tongue in cheek as I am aware that white swans are more common in nature than black ones – yes black swans do exist in nature). He asked me as to what I mean by White Swan event in the oil market? And I said by White Swan I mean a wholly unexpected bullish oil development ranging from a serious disruption in the Mid-East to US shale oil production suddenly stalling to a breakthrough in carbon capture technology and a reversal in anti-carbon policies. I am not predicting any of these events, I am just stating them as potential White Swan events that seem to be completely ignored by the oil market. This bullish tail risk is embedded in all our energy investments and it is something that’s fully overlooked by the investment community.
I don’t claim to know what will happen between Saudi Arabia, Iran, the US, Israel and Yemen. But what is happening in this region reminds me of a book by Charles Emmerson (1913 in Search of the World Before The Great War) In his book Emmerson, the author examines the world in real time in 1913 without applying the illuminating hand of hindsight as to what were to come in 1914. Reading that book, you see life unfold with total complacency, a world unable to envisage the carnage to come, and while a sense of unease manifest itself on occasion, it is quickly buried back under the normality of historic tension between Europe’s great powers.
I believe that the Persian Gulf is at the verge of a major conflict. The Iranian nuclear sanctions might be the spark, but the underlying drivers for this conflict have been with us for generations and they range from the Shia-Sunni divide to the Israeli Arab/Muslim conflict and everything in between. The Persian Gulf region remains profoundly unstable, the destruction of Iraq as a check against Iran reginal hegemonic aspirations has created a structural power imbalance. It is precisely these conditions that led to the great war in 1914. France, Russia and Austrian Empire failure to contain the rise of Germany under Bismarck between 1870 and 1890 is what laid the groundwork for the slaughter to come in the early 1900s. (I strongly recommended reading the Tragedy of Great Power Politics by John Mearsheimer to understand the dynamics that underpins war between nations). History is a great guide, but in today’s 140 characters twitter culture, history contains too many words for anyone to bother.
I believe those dismissing oil investing as a relic are in for a rude awakening. The oil fundamentals do not require a White Swan event to turn the tide, but if this drone attack is any guide, a White Swan event might far closer than many of us think.
Duncan Idaho on Sat, 14th Sep 2019 11:01 am
Hint:
Today Saudi Arabia finally lost the war on Yemen. It has no defenses against the new weapons the Houthis in Yemen acquired. These weapons threaten the Saudis’ economic lifelines.
Davy on Sat, 14th Sep 2019 11:16 am
“Hint:Today Saudi Arabia finally lost the war on Yemen. It has no defenses against the new weapons the Houthis in Yemen acquired. “
Bullshit. There are plenty of weapons to combat these weapons and the Houthis . KSA just is in denial of the threat. IMA. Iran is ultimately behind these attacks and or it was a KSA false flag to send the price of oil to triple digits
Robert Inget on Sat, 14th Sep 2019 11:19 am
I have to agree with ‘two-cats’.
Saudis are forced to cut back, (by half) oil production. In point of fact the Saudis will need to begin IMPORTING gasoline and diesel. Which by the nature of things turn KSA into a NEGATIVE exporter.
The long and short of things: NINE MILLION BARRELS are OFF the market for months if not longer. Refineries take years to rebuild.
Just yesterday, predictions about the future being what they are, analysts were cutting WW demand
by 400,000 barrels a day. (to an increase of ONLY a million barrels PD)
We have Saudi Arabia exporting fewer than four or five million Bp/d.
Will Iraq side with Iran?
Cloggie on Sat, 14th Sep 2019 11:51 am
The DailyMail brings up Iran:
https://www.dailymail.co.uk/news/article-7463851/Saudis-oil-supply-cut-HALF-production-FIVE-MILLION-barrels-disrupted.html
“Saudi’s oil supply to the world could be cut in HALF as production of FIVE MILLION barrels is disrupted after Iran-backed militants launched drone strike on two processing plants as tensions reach boiling point following tanker attacks”
On behalf of the European renewable energy industry and the climate in general: bring down the other half as well!
Pleasant side effect: any opposition against Nord Stream 2 will be silenced by now. We can even bring South Stream back to life again, now that John McCain is dead, may the devil have his soul, if any.
https://deepresource.wordpress.com/2015/11/30/bulgaria-smells-its-second-chance/
Russia loves it!
Duncan Idaho on Sat, 14th Sep 2019 12:07 pm
“i so wish for the kingdom of ksa led by fanatical monkeys, to come tumbling down… keep going houthis.. these freaks only know the sound of money and are incapable of hearing anything else..”
One opinion—-
Davy on Sat, 14th Sep 2019 12:10 pm
Your either with US, the KSA, and Israel, or your with the terrorists.
JuanPaultard ID fraud bullshit on Sat, 14th Sep 2019 12:37 pm
Davy said Your either with US, the KSA, and Israel, or your…
Davy said Did I mention I’m voting liberal in the next elect…
Davy on Sat, 14th Sep 2019 12:41 pm
“i so wish for the kingdom of ksa led by fanatical monkeys, to come tumbling down… keep going houthis..”
Sounds like an emotional sports fan to me. Sports fans are not objective and crave emotional satisfaction.
DerHundistLos on Sat, 14th Sep 2019 1:31 pm
The Environmental Apocalypse in Chief
WASHINGTON — The Trump administration on Thursday announced the repeal of a major Obama-era clean water regulation that had placed limits on polluting chemicals that could be used near streams, wetlands and other bodies of water.
The rollback of the 2015 measure, known as the Waters of the United States rule, adds to a lengthy list of environmental rules that the administration has worked to weaken or undo over the past two and a half years.
nyt.com
big goat on Sat, 14th Sep 2019 1:47 pm
Why does the DavySkum always look to find someone to attack with his typical hypocritical vitriol?
“Sounds like an emotional sports fan to me. Sports fans are not objective and crave emotional satisfaction.” ~~DavyTurd~~
Robert Inget on Sat, 14th Sep 2019 2:06 pm
Oil Journals are calling for $100 oil.
https://oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.html?utm_source=browser&utm_
The fact is Iran and Iraq have upwards of 50 millions barrels
in “sea storage” (See Tanker Tracker)
Since the planet burns 100 M B p/d + Even this vast amount
won’t put a dent in demand.
The US has been cutting back on up to today, unprofitable
shale. I dare say Canada can ship another million barrels South
MAX. Even though it takes six weeks for a Saudi tanker to
reach Houston pump prices are going higher as we breathe.
Five million barrels+ off the market will certainly drive gas prices too high for the average working stiff American commuter.
We are going to come up with some creative solutions, I’m
sure. Even though it takes a gallon of diesel to make a gallon of ethanol it’s a bit late to plant corn.
Short sellers are going to feel it first.
New and used Electric Cars Just Went pricer.
The Day of the EV has finally arrived.
Miami Beach fag on Sat, 14th Sep 2019 2:10 pm
Why does the JuanPaultard always look to hide behind ID fraud and numerous socks ruining on topic debates? I guess because he is a lunatic and a fuck nut
Davy on Sat, 14th Sep 2019 2:12 pm
“New and used Electric Cars Just Went pricer.
The Day of the EV has finally arrived.”
Sure thing bob
tommytommywantshismommy on Sat, 14th Sep 2019 2:29 pm
Tesla stock is going to skyrocket on Monday. Putin probably has a huge smile on his face with oil likely skyrocketing. VW better ramp up ID3 production…looks like a nice EV.
Another Dumbass Davy Sock Puppet on Sat, 14th Sep 2019 2:34 pm
Miami Beach fag on Sat, 14th Sep 2019 2:10 pm
JuanPaultard ugliness on Sat, 14th Sep 2019 2:42 pm
MODs blackball the douche
Another Dumbass Davy Sock Puppet said Miami Beach fag on Sat, 14th Sep 2019 2:10 pm
tommytommywantshismommy said Tesla stock is going to skyrocket on Monday. Puti…
Another Dumbass Davy Sock Puppet on Sat, 14th Sep 2019 2:55 pm
JuanPaultard ugliness on Sat, 14th Sep 2019 2:42 pm
Richard Guenette on Sat, 14th Sep 2019 4:53 pm
The Houthis are freedom fighters, not “terrorists”.
JuanPaultard sock shit on Sat, 14th Sep 2019 5:09 pm
Richard Guenette said First of all, people should stop wasting food and…
Richard Guenette said The Houthis are freedom fighters, not “terro…
Davy said Oops, sorry for getting all triggered and losing m…
FuelShortageComing on Sat, 14th Sep 2019 5:22 pm
I was wondering which part of the supply chain would bring down the whole world supply chain.
Mabye the international community should offer Israel and all his population to the Arab world to calm down the situation in ME.
Let the Arab kill all the Israelis. Jew need to be exterminated if we want to preserve peace. Put a trade embargo on Israel and let the
Arab slaughter the Israelis. Mabye we need to invade Saudi Arabia and kill all the leadership that is there including the Whites Western people involved
in the military industrial complex. That some people think that attacking Iran is a good idea is breathtaking.
We need a collapse of US and a cleaning up of the Whites raceéMaybe people are right
Israel and Whites Western war like minded people need to be killed.
I understand why the Houthis did that. When you have no hope, may as well destroy yourself and everybody that did harm to you.
Congratulation to the Houthis ingenuity. The stupid Whites man sold its technologies to everyone just to show good
quarterly earning, now the Whites man has no technological advantages since everyone has access the same technologies.
I am so happy I never had any kids. So obvious the life is a trap and that the earth is mostly a death sphere floating in space.
More Davy Sock Shit on Sat, 14th Sep 2019 5:26 pm
JuanPaultard sock shit on Sat, 14th Sep 2019 5:09 pm
Robert Inget on Sat, 14th Sep 2019 5:34 pm
Update 2: In a sharp, if perhaps not unexpected, escalation, US Secretary of State – now without John Bolton by his side – tweeted at 4pm on Saturday, that contrary to earlier reports, “there is no evidence the attacks came from Yemen” and instead accused Iran of launching today’s “unprecedented attack on the world’s energy supply” which has now indefinitely taken offline as much as 5mmb/d in Saudi crude production.
In a follow up tweet, Pompeo said that he calls “on all nations to publicly and unequivocally condemn Iran’s attacks” which is odd as not even Saudi Arabia accused Iran of today’s aggression (which many speculated could have been a Saudi false flag in hopes of sending the price of oil soaring ahead of the Aramco IPO). Pompeo concluded that “the United States will work with our partners and allies to ensure that energy markets remain well supplied and Iran is held accountable for its aggression.”
NEXT:
President Donald Trump on Saturday said he discussed potentially moving forward with a mutual defense treaty with Israeli Prime Minister Benjamin Netanyahu.
“I had a call today with Prime Minister Netanyahu to discuss the possibility of moving forward with a Mutual Defense Treaty, between the United States and Israel, that would further anchor the tremendous alliance between our two countries,” the president tweeted.
(So folks, we soon see whose air defense systems work better. Russia’s or US).
Theedrich on Sat, 14th Sep 2019 5:53 pm
Drone attacks on Abqaiq shut ½ of Araby’s oil down. WSJ: “The production shutdown amounts to a loss of about five million barrels a day, according to people familiar with the matter, roughly 5% of the world’s daily production of crude oil.”
The U.S. blamed Iran for the 10 drone strikes on the world’s biggest oil spigot and the nearby oil field of Hijra Khurais, although Houthis in Yemen claimed direct credit for them. Meanwhile, the kingdom promised to restore output to its normal 9.8 million barrels/day by Monday (2019 Sep 16). If that does not happen, Washington will supply the deficiency from its Strategic Petroleum Reserve. Other nations are apparently ready to do the same.
All of this, of course, is due to Saudi Arabia’s aggression against Yemen, which has killed over 10,000 Yemenis in the last four years and threatens the lives of untold more non-combatants. The wanton genocide perpetrated by the Saudis is justified by the U.S. administration on the basis that the KSA gives us bigger bribes by buying our war toys. Makes America Great Again.
Robert Inget on Sat, 14th Sep 2019 6:01 pm
“SPR now at 644.8 mm bls or 52 days of US production or 29 days of demand..129mm more in draws (~5.9 days of demand at 22.1 day) still authorized. “If” all draw-able leaves 23.3 days for real emergencies or make up SA 3.5 mm loss for ~147 days”
IAE will invoke global SPR releases.
(Again, with limited pipeline capacity, Canada is constrained to add more than one half to one M B per day) Canada’s reserve (storage) is near 2017 lows. Then of course there’s Eastern Canada’s dependent on Saudi oil. Canada imports almost 1/2 million barrels p/d into eastern ports.
“Canada East pipeline”, cancelled in 2018
After ALL we’ve done for Iran and Iraq, how could they betray us?
This is not just a US SPR issue.
If KSA, Israel & US attack Iran, there goes another
2.5 MB p/d.
Clearly, trade grinds to a halt. As President Trump would say, “BILLIONS WILL DIE”
OR; Saudi Arabia could sue for peace and quit bombing Yemen.
Robert Inget on Sat, 14th Sep 2019 6:11 pm
KSA can’t reestablish 9.8 M B p/d by Monday,
that’s damaging existing wells, crazy talk.
Besides, did KSA stop bombing Yemen six years ago? It did’t. Nor should we expect Yemeni tribespeople to let up after six hits in one night.
FuelShortageComing on Sat, 14th Sep 2019 6:36 pm
I expect the Whites Western engineering firms moving into Saudia Arabia to help rebuild oil installation as fast as possible
Arab are too stupid to do such a complex task. Again expect the Whites man to come at the rescue of low IQ people. I say we do nothing and let this world burn down. Stop helping Israel, they are not Whites people friends.
Bomb the wall between Palestine and Israel with airplane and let the Palestinian slaughter the JEWS. Open a route between Libyan and Irseal and let Hezbollah kill the JEWS. Fuck them
Duncan Idaho on Sat, 14th Sep 2019 6:36 pm
Besides, did KSA stop bombing Yemen six years ago? It did’t.
The Clown Prince started this mess, and thought it would only last a couple of weeks.
5 years later, KSA has got its butt kicked.
How greedy and stupid can the KSA Monarchy be?
FuelShortageComing on Sat, 14th Sep 2019 6:48 pm
You can now buy arduino and radio frequency modules 433 MHZ to transmit signal up to a distance of 500 meters for 20$. It took me an hours to get it work. I used an free open source library to transmit signal between RF modules.
It is really easy these days to build drones with cheap technologies coming from china. Stupid Whites gave its best technologies advances to China and China turned around and copied it and sold it to everyone.
Whites western nation have no technological superiority over the rest of the world. We sold it for money.
FuelShortageComing on Sat, 14th Sep 2019 7:42 pm
https://www.youtube.com/watch?v=3cPPs62rRQk
I want to put a baby into the bass guitar player on this video. Of course I must check if she is a worth warrior. I first beat her pussye with a belt and after that if she is turn on I breed her. Who wants to do it with me