Posted on 03/23/2020 10:22:05 AM PDT by Oatka
Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments.
That could leave the kingdom stuck with tens of millions of barrels in expensive ships at anchor when the coronavirus outbreak has destroyed oil demand and international prices have lost more than half their value compared with the start of the year.
(Excerpt) Read more at gcaptain.com ...
Our so-called ally, a barbaric Islamic country that gave us the 911 terrorists, so what do we do? Why, we support them and even send US troops there. What a crock.
Stupid is as stupid does.
Let them drink oil and camel piss. They are death cultists. That is what they deserve.
I’d have wiped out the entire royal family and flattened their palaces with daisy cutters in 2001 if it were up to me. I get waves of genocidal rage every time I even think of that nasty family.
This is part ego thing I believe. Glad it backfired on them and Putin. Both have lost zillions.
We should have made that place glass a long time ago. That whole damn area has been nothing but a hate-breeding anti God cesspool for 1,000s of years.
Can’t wait till gas prices go back up over $3.00 gallon- I hate having all this extra money in my pockets every month
It was amazingly horrible timing...
I would love to see the Saudi’s and Russians eat their oil.We deserve some payback for the Saudi sponsored oil embargo during the mid 1970’s.
I still haven’t forgotten that.Though our Rat politicians sure have.They want us dependent on foreign oil again.
My hatred goes back to gas lines in the 70’s. I’ve been waiting for payback since. Same with Iranians. Economic sanctions don’t cut it with me.
Trump should make them pay to rebuild the World Trade Center just LIKE IT WAS.
RBOB wholesale down 17% today, under 50 cents.
We may break the buck in retail in some low tax states...
Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil...
...meaning, they can go the distance without pushing up current production, but can *also* do that. Checkmate.
Ha,ha,ha,ha,ha,ha,haaaa!!!!
We should have sent troops there in ‘78 and taken their oil.
Instead we rationed and suffered for no reason.
It has been standard since the beginning of OPEC that the membership agrees to quotas and then they all cheat and over produce. It appears that Russia played a good hand and suckered SA into making a dumb move.
“I’d have wiped out the entire royal family and flattened their palaces with daisy cutters in 2001 if it were up to me. I get waves of genocidal rage every time I even think of that nasty family.”
I think that even today, right now, we should green-glass Mecca and Medina.
The price of gasoline makes me smile.
I’m seeing the cheapest gas in South Florida as Costco in Miami @ $1.49 gallon
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