So a drone the size of a large RC model airplane. Get one big enough size /scale for around $1000, and pack with explosives.
2018 Golf R , '96 993
past:2004 Passat 4Mo, 1.8T, stick
'96 Audi S6, forced to sell, F. U. nh emissions
'87 VW Quantum syncro wagon, got me into quattro,
'85 GTI, 17 yrs , 280k miles, '75 Nova (first car)
"Saudi Arabia will probably seek to maintain export levels as much as possible by supplying customers from stockpiles. It holds crude in storage tanks in the kingdom, as well as at sites in Egypt, Japan and the Netherlands.
The attack will also test stockpiles in oil-consuming countries. Members of the International Energy Agency are required to hold 90 days’ worth of oil imports in emergency stocks and those will be pressed into service if the outage at Abqaiq is prolonged. Non-member countries like China and India have also been building up their own emergency reserves. Those, too, will be pressed into service.
Neighboring countries who, just days ago, were being exhorted to stick to output quotas agreed in December will now pump as much as they can to make up for any losses from Saudi Arabia. The United Arab Emirates, Kuwait and Iraq will all boost output as much as they are able."
Topped up the Corolla for $2.10 at Costco today.
Improving the signal-to-noise ratio
FWIW, this is the only place I’ve seen this deeply discussed online so far. I’m not saying it hasn’t been reported, but it sure hasn’t trended on social media *yet.* Monday news will probably be bigger.
Length of downtime before repairs are made is the key and supposedly we'll have that information in a a day or so. And read in bold in the last paragraph about the glut/surplus that OPEC was trying to draw down pre attack:
“Work is underway to restore production and a progress update will be provided in around 48 hours,” said Amin Nasser, Aramco’s president and chief executive officer. Aramco is working to compensate clients for some of the shortfall from its reserves.
Saudi Aramco, which pumped about 9.8 MMbpd in August, will be able to keep customers supplied for several weeks by drawing on a global storage network.
The Saudis hold millions of barrels in tanks in the kingdom itself, plus three strategic locations around the world: Rotterdam in the Netherlands, Okinawa in Japan, and Sidi Kerir on the Mediterranean coast of Egypt.
A satellite picture from a NASA near real-time imaging system published early on Sunday, more than 24 hours after the attack, showed that the huge smoke plume over Abqaiq had dissipated completely. But four additional plumes to the south-west, over the Ghawar oilfield, the world’s largest, were still clearly visible.
The U.S. Department of Energy said it’s prepared to dip into the Strategic Petroleum Oil Reserves if necessary to offset any market disruption.
Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, has been leading the group in production cuts to mop up a surplus of crude in the market. So when half of Saudi Arabia’s production is knocked out, the question is how long the disruption lasts.
I agree that if this turns into something bigger between Saudi Arabia and Iran then it puts pressure on those two, but again, other suppliers will step up and in.
At the end of the day Iran wants back in the market and they can't attack us other than small skirmishes, but they can attack Saudi Arabia by proxy, the Saudis being the main country outside of us that doesn't want Iran back in the market.
The Iranian oil tanker attacks and this attack on ARAMCO is an attempt to get us and OPEC back to the table since the nuclear deal went kaput. It's their only way to apply pressure.
"Good news from Libya, as production has gradually restarted at El Sharara. This is the country's largest oilfield, south of Zawiya port. Capacity is estimated at 340,000 b/d, but production typically stands marginally below 300,000 b/d. The field was shut since late July, after unknown gunmen blocked a pipeline. This has affected around a quarter of Libya's oil output, having prompted NOC to declare force majeure on loadings of the crude grade.
Just before the shutdown, production ranged between 1.2 to 1.3 million b/d, the highest reached during the last six years, after a rather challenging recovery observed since the beginning of 2019.
There is no doubt that the country still has a long path to return to pre-civil war production levels of 1.6 million b/d. The field closures in July still highlight the high risk in Libya's oil industry.
it'll be nice not to rely on foreign oil for day-to-day commuting
Any car which holds together for a whole race is too heavy.
brent was close to 20%
wti around 12%