Drone attacks on Saudi Arabia's oil ( what happens next ?)

https://www.bbc.co.uk/news/world-middle-east-49703143


Saudi Arabia's oil production has been severely disrupted by drone attacks on two major oil facilities run by state-owned company Aramco, reports say.

Sources quoted by Reuters and WSJ said the strikes had reduced production by five million barrels a day - nearly half the kingdom's output.

The fires are now under control at both facilities, Saudi state media say.

A spokesman for the Iran-aligned Houthi group in Yemen said it had deployed 10 drones in the attacks.

The spokesman, Yahya Sarea, told al-Masirah TV, which is owned by the Houthi movement and is based in Beirut, that further attacks could be expected in the future.

He said Saturday's attack was one of the biggest operations the Houthi forces had undertaken inside Saudi Arabia and was carried out in "co-operation with the honourable people inside the kingdom".

Saudi oil strikes: US blames Iran for twin attacks - https://www.bbc.co.uk/news/world-middle-east-49705197

About three months back I mentioned in a post here about some youtube uploader and whistleblower who had posted many vids in which he claimed he had a high level source in the U.S. government. He was adamant the information he received was always 100% accurate and insisted that a plan had been given a green light to destroy the Iranian military this autumn - with October being the likely month - followed by a U.S. led invasion. In those videos he often spoke of being surveilled by shadowy figures and he feared he would be killed to silence him. In June he was found dead at his home. His friends, who he had given some of his unpublished material in the event of his death, have taken over his account. They remain unaware of how he died.

In a quite lengthy audio video they made available in late August the deceased went into much greater detail of how Iran will be smashed... their defensive capabilities and virtually all of their armed forces amounting to between 1-2 million people would be incinerated by 100 or more tactical nukes in order to limit U.S. casualties be limited to under 10,000 personnel. He then went on to claim that, also as planned, a worldwide total economic collapse would occur during 2020 and, he guessed, would last 6 months that would be designed to cause the maximum amount of suffering, destruction and social upheaval as possible planet-wide whose purpose would be to ensure there would be little or no opposition to a world government authority and the abolition of cash in favour of digital only currencies as forerunners to a uniform one-world currency. I was naturally sceptical if any of his claims were true or some elaborate fear mongering hoax. But that changed on hearing him accurately predict something so incredibly bizarre Trump had been instructed to say publicly. Trump did so - and received wall-to-wall media coverage for doing so - two months after the fella had died.

I could link the relevant videos or embed them in this post but shan't because also included in the one in which he made that amazingly accurate Trump phrase forecast he also maintained that the IP addresses of visitors to truth-telling youtube vids are added to a watchlist. Should anyone want to view what I've referred to then please PM me and I'll provide the links to do so.

We had all better hope the info he furnished was duff or has been cancelled or postponed to a time far in the future.

What happens next? An immediate hike in the price of oil, followed by an instant hike in the cost of fuel (petrol, diesel and heating oil), the latter despite the fact that there are plenty of stocks of all three, so that Shell, BP etc can boost their profits while they still can.

Trading resumes in oil futures contracts later this evening. On Friday's close WTI Crude was $55 per barrel, Brent Crude was $60. Whether their prices shoot up shouldn't impact forecourt prices because vendors' stock were bought cheaper and what they have on order for months ahead were also fixed at the time they bought the contract which is usually six months prior. But Texaco, Shell and co have gouged punters many times before following sudden price spikes and on the other side taken an age to lower prices after large price drops.

Time to pick a side then .

Half hour into the new trading week and both types of oil are up 11%. Initially they spiked 19%, the biggest jump for 28 years.

[QUOTE=Organ Morgan.;5005573]Trading resumes in oil futures contracts later this evening. On Friday's close WTI Crude was $55 per barrel, Brent Crude was $60. Whether their prices shoot up shouldn't impact forecourt prices because vendors' stock were bought cheaper and what they have on order for months ahead were also fixed at the time they bought the contract which is usually six months prior. But Texaco, Shell and co have gouged punters many times before following sudden price spikes and on the other side taken an age to lower prices after large price drops.[/QUOTE]

Absolutely.

Herewith quote from the BBC News website this morning: "As for consumers, it is too early to tell if they will see an impact, writes BBC Business reporter Katie Prescott. Any rise could take weeks to feed through to petrol prices." Oh really!

Also I see the Yanks are quick to blame Iran for the attack because: "Satellite images provided to CBS News by a US official show 19 points of impact damaging 17 structures at the Abqaiq facility and 2 at the Khurais facility on the west-northwest side of the targets, which would be inconsistent with an attack from Yemen to the south". (from the same BBC source).

And that's the "proof"?!!!

Oil prices finished today 12.5% higher than what they stood at before the incident in Saudi Arabia on Saturday.

The news has been filled with stories relating to that, beginning with Trump's 'locked and loaded' tweet late last night.