Saudi Arabia's largest oil facility under drone attacks

Discussion in 'Current Affairs' started by Ipv6Ready, Sep 14, 2019.

  1. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Surely this will be good for gold and silver. Not sure but if it is, but if by Yemeni rebel is true, than drones with explosives attached is likely

    Apparently the facility process 7 million barrels a day

    If you are selling... I suggest waiting until the market opens, could be a blip up
     
    Last edited: Sep 14, 2019
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    The word is these attacks were made using hobby drones capable of carrying a DSLR camera but with explosives in the compartment.
    Anyone can buy these at hobby stores and presume 1 stick of dynamite would blow up a oil tank?
    Bearing in mind a hobby drone can be controlled a long distance, wouldn’t surprise me at all.
     
  4. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    If true, then that blows most countries mil R&D to pieces. Shame Tandy and Dick Smith aren't around today...could take over the world.:D
     
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  5. alor

    alor Well-Known Member Silver Stacker

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    https://on.rt.com/a1rb
    Saudi Arabia confirms about half of Aramco's production interrupted due to drone strikes
    Published time: 14 Sep, 2019 21:58Edited time: 14 Sep, 2019 22:34
     
  6. alor

    alor Well-Known Member Silver Stacker

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    The Saturday attack has become the most successful strike the Houthis have launched against the Saudis, who have been leading a bombing campaign in Yemen since it intervened in the nation’s civil war in 2015. In May, armed drones caused minor damage to two Saudi Aramco state oil companies’ pumping stations in the Eastern Province.At that time, Riyadh blamed Iran for the attack, which was claimed by the Yemeni rebels as well. Tehran denied the allegations.

    Pompeo blames Iran for drone attack on Saudi oil facilities, Senator Graham urges US to strike it https://on.rt.com/a1r9

    un-believable
     
  7. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Nah a new urgent priority program will created to knock out small drones.
    Don’t imagine that would be hard, just a modified CIWS would do.
     
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  8. alor

    alor Well-Known Member Silver Stacker

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  9. alor

    alor Well-Known Member Silver Stacker

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    Pepe Escobar
    4 hrs ·
    AddToAny
    ·
    THE SECRET NIGHTS OF ARABIA UPDATE

    Working hypothesis number one: Saudi false flag, ahead of the Aramco IPO.

    Suits Saudi interests; suits the Deep State; suits Bibi.

    Consul Pompeus "we lie, we cheat, we steal" Minimus is a self-explanatory joke. So every utterance is predicable, especially now that psycho sidekick Bolton is out.

    Iran has absolutely ZERO interest in provoking something of this magnitude - especially now with Trump begging to meet Rouhani.

    This will get even more incendiary. From one of my top - American - energy sources:

    "This is the legacy of John Bolton. If Abqaiq is knocked out for a year, this is 7 million barrels a day. That should drive the oil price to well over a hundred dollars a barrel. The US will have to open up Iran and Venezuela at once or face a recession based on the trade wars and the skyrocketing oil price. We have been warning about this for the past two years since the reneged on nuclear treaty with Iran."
     
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  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    How does this benefit their IPO?
     
  11. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Handbrake.......that said, I never put any stock in an Aramco IPO as the Saudi's would have to reveal and have reviewed their P1,P2 and P3 reserves which may reveal the true Saudi oil reserves....smaller or larger than what they state at present.
     
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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    You mean they are trying to stall the IPO? Why even have one then...
     
  13. alor

    alor Well-Known Member Silver Stacker

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    Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy
    Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabia’s troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. It’s a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers’ questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.
     
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  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    It's a private company at present thus transparency is limited with most privately own companies as opposed to listed oil companies where reserves have to be reviewed by independent parties / auditors. The Kingdom of Saud has floated the idea of a partial float of Aramco in the past....I think they are playing ducks and drakes with the markets...for what reason, I don't know but I don't think they are totally serious...yet....more politics maybe.

    Re the recent attack on their refineries, potential investors will take a big step back given current events. Back in the day post 9/11, oil refiners couldn't get insurance against terrorism...not sure if this has changed but can't see Aramco noting having terrorism insurance in their last annual report...also nothing much re P1 reserves noted in their Annual Report nor has Aramco's financials been reviewed by an auditor...
     
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  15. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Thanks for clarification. Another question is how does this benefit Russian oil? Certainly it will strengthen Iranian-Chinese oil deals.
     
  16. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Good question....these Saudi refineries are about 5% of global output, I'd expect all other refining countries (who can legally export) to benefit from an increased $ per barrel price....lets see what the market does tomorrow when it reacts to this weekends events.....
     
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  17. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    I spoke with someone a few years back that worked in the Saudi shithole, that they were fraking the wells with sea water! True or not I don't know, but it sure did make me think about the future.
     
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  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Sounds like typical Arab thinking, get it done today and worry about consequences when it stops working.
     
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  19. alor

    alor Well-Known Member Silver Stacker

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    water cut was 90% last time when the book first published in 2005, later on the writer died of a heart attack
    the war in Yemen is about stealing the reserves
    if the burning is the result of Yemeni retaliation, then Saudi had fallen
    why would a rich kingdom be doing an ipo? the lack of money? it was stolen from them?
    then what about the petrol dollar, it failed too
    times up baby oil !!!
     
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  20. Alfie

    Alfie Member

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    Hows this for a conspiratorial hunch
    Anyone notice the recent plunge on gold and silver spot price preceded just before this attack?
    That someone had foreknowledge that this attack was in the pipeline so to speak and made the necessary downward correction in PM beforehand
    Its as if someone didn't want the recent pricing in of global risk to get too far ahead of itself and attract a bigger audience
     
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