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    1. 09-15-2019 07:26 PM #76

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    3. Senior Member AZGolf's Avatar
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      09-15-2019 07:51 PM #77
      In order to get anything that affects gas prices, it would take weeks of elevated prices and correct me if I'm reading those charts wrong, but isn't even the 12% jump still below pricing from the springtime peak anyway? Saudi Arabia is saying this won't affect sales volume because they have other selling sources and that the facility which was hit will be repaired within a couple weeks.

    4. Member Nealric's Avatar
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      09-15-2019 07:53 PM #78
      Quote Originally Posted by AZGolf View Post
      In order to get anything that affects gas prices, it would take weeks of elevated prices and correct me if I'm reading those charts wrong, but isn't even the 12% jump still below pricing from the springtime peak anyway? Saudi Arabia is saying this won't affect sales volume because they have other selling sources and that the facility which was hit will be repaired within a couple weeks.
      It’s more the prospect for future attacks. If those hits keep on coming, it could seriously disrupt production.

    5. Senior Member Sporin's Avatar
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      09-15-2019 08:12 PM #79
      Trump says the US is 'locked and loaded' as it awaits confirmation that Iran was the culprit behind the drone attack on Saudi oil plants after Tehran earlier insisted it is 'ready for war'

      America is awaiting for confirmation Iran was behind attacks on Saudi oil plants

      Trump tweeted: '[The US] is locked and loaded depending on verification'
      President confirmed he had authorized release of reserve oil to stabilize.

      ...

      Trump then added: 'PLENTY OF OIL!'

      Attacks on two plants at the heart of the kingdom's oil industry Saturday knocked out more than half of Saudi crude output, or five per cent of global supply.
      https://www.dailymail.co.uk/news/art...l-fields.html?

    6. Member Form Ocean's Avatar
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      09-15-2019 08:15 PM #80
      $2.08/gal at muh pumps. Keep America Guzzling.

    7. 09-15-2019 08:43 PM #81
      $2.18 here and the world keeps spinning

    8. 09-15-2019 08:48 PM #82
      Quote Originally Posted by AZGolf View Post
      In order to get anything that affects gas prices, it would take weeks of elevated prices and correct me if I'm reading those charts wrong, but isn't even the 12% jump still below pricing from the springtime peak anyway? Saudi Arabia is saying this won't affect sales volume because they have other selling sources and that the facility which was hit will be repaired within a couple weeks.
      You're right, speculators will have their short lived run but the oil's out there in reserve from Saudi and all other suppliers. And trust, ARAMCO will work 24/7 to get back online.

    9. I’m not a loser. I’m a winnah!! patrikman's Avatar
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      09-15-2019 10:24 PM #83
      I bet it was those darn Decepticons again.
      this signature kills fascists.

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      09-16-2019 09:40 AM #84
      Quote Originally Posted by Nealric View Post
      Who sponsor the Houthi rebels, who are linked to the attack.

      And I’m not sure shale is going to save us. Shale rig counts have been declining steadily for the last few months because Wall St. had been turning off the cash spigot for new drilling. High prices can turn that around, but it’s like turning a battleship around- takes time- and shale companies would need to be convinced prices will stay elevated.
      The Houthis are only active due to Saudi actions in Yemen. If the Saudis stayed out of it, there would be no need for Iran to sponsor them in this proxy war.

    11. Member Nealric's Avatar
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      09-16-2019 09:45 AM #85
      Quote Originally Posted by unhappymeal View Post
      The Houthis are only active due to Saudi actions in Yemen. If the Saudis stayed out of it, there would be no need for Iran to sponsor them in this proxy war.
      Not sure it makes sense to talk about who is in the wrong- it is what it is, and I'm not sure anyone is in the right. The Yemeni conflict is complicated. The proxy fight only further complicates it.

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      09-16-2019 09:56 AM #86
      Maybe it's the EVjihadist plot to disrupt the oil supply and trying to make everyone buy an EV?

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      09-16-2019 10:01 AM #87
      Quote Originally Posted by Nealric View Post
      Not sure it makes sense to talk about who is in the wrong- it is what it is, and I'm not sure anyone is in the right. The Yemeni conflict is complicated. The proxy fight only further complicates it.
      The genesis of the Yemeni civil war was the Houthi majority protesting the Saudi backed Saleh government and rising up during the Arab spring. Yes, Iran is absolutely being opportunistic and backing the Houthis, but had the Saudis stayed out there would literally be no need for Iran to get involved; instead, the Saudis (despite numerous losses and after committing countless war crimes) continue to prosecute the war in Yemen in hopes of retaining influence over the Yemeni and their hegemony in the Arabian Peninsula.

      Suppose the Saudis intervened when Mubarak was deposed in Egypt. Would it surprise you if Israel stepped in to counter the Saudi influence? This happens all the time in the Middle East. Look at the aid that Israel is providing to the Kurds once Saudi and Turkish aid/boots hit the ground for the other factions in Syria.

      I will also add that the Houthis have acted expressly against Iran's advice/interests throughout the conflict, so it's a bit deeper than just a proxy war.
      Last edited by unhappymeal; 09-16-2019 at 10:04 AM.

    14. Don't be me. Don't be a 'Rick' Cabin Pics's Avatar
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      09-16-2019 10:09 AM #88
      I'm still paying $2.03 for regular and $2.49 for 93 ethanol free.

      I wouldn't mind gas being $4-5 a gallon though, used truck prices should drop significantly.
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    15. Member Uber Wagon's Avatar
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      09-16-2019 12:03 PM #89
      Quote Originally Posted by dhdd View Post
      Maybe it's the EVjihadist plot to disrupt the oil supply and trying to make everyone buy an EV?


      At any rate, I think we are not going to see oil prices rise drastically due to this event. I'm more worried about this incident being blamed on a militant group or a rogue nation. Like Iran, for instance. The oil tanker seizures and presence of US Navy ships in the Gulf means that some of these incidents could end up being like the Gulf of Tonkin resolution.

      That's the bigger picture that we are not seeing, me thinks. I hope I'm wrong on this.
      Beer: The cause of, and solution to, all of life's problems.

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      09-16-2019 02:23 PM #90
      Analysts have identified at least 17 hits.

      An unnamed senior US official told ABC News the attacks on the Abqaiq refinery had involved a dozen cruise missiles and more than 20 drones.
      US officials say the images show damage consistent with coming from a west-north-west direction, not Houthi-controlled territory which lies to the south-west of the refinery.
      bbc

      Analyst Anthony Cordesman from the Center for Strategic and International Studies suggests the attacks could have been carried out using relatively unsophisticated drones operating as "weapons of mass effectiveness".

      "It is virtually impossible to secure civilian facilities from a worker or visitor's capability to use a cell phone to get precise GPS coordinates, commercial satellite coverage is now very good, and there are many ways to produce the kind of image needed for terminal guidance from ordinary photos," he writes.
      https://www.bbc.com/news/world-middle-east-49718975
      Quote Originally Posted by PsyberVW View Post
      Locking it up because it's going to get worse mileage than a 1 legged dog with a hang over - yet stir up more crap than a starving catfish in a landfill.

    17. Member rlfletch's Avatar
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      09-16-2019 02:34 PM #91
      I keep thinking: Who would really benefit from the US and Saudi Arabia getting into a war with Iran? Saudi Arabia? No. Iran? Nope. The US? Yeah, right. Add in: Who could pull off a sophisticated drone attack that targeted the most important parts of Saudi Arabia’s oil infrastructure? I’ll give you one guess and his last name rhymes with “Fartin’ on yah.”
      Quote Originally Posted by Fritz27 View Post
      Mercedes typically makes awful manual transmissions and fantastic auto transmissions. Choosing the stick would be like saying, "Y'know, that Natalie Portman is pretty hot, but if she grew some hair on her legs and had a dong, she'd be just right."
      Quote Originally Posted by jnm2.0t View Post
      Was it parked on the curb on garbage day?

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      09-16-2019 02:43 PM #92
      Quote Originally Posted by rlfletch View Post
      I keep thinking: Who would really benefit from the US and Saudi Arabia getting into a war with Iran? Saudi Arabia? No. Iran? Nope. The US? Yeah, right. Add in: Who could pull off a sophisticated drone attack that targeted the most important parts of Saudi Arabia’s oil infrastructure? I’ll give you one guess and his last name rhymes with “Fartin’ on yah.”
      huh? I guess I need more coffee
      Quote Originally Posted by PsyberVW View Post
      Locking it up because it's going to get worse mileage than a 1 legged dog with a hang over - yet stir up more crap than a starving catfish in a landfill.

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      09-16-2019 02:57 PM #93
      Quote Originally Posted by Roberto Dimento View Post
      huh? I guess I need more coffee
      Netanyahu. It's the Jews. It's always the Jews . In all seriousness, the Saudis have an enormous erection for being the unchallenged regional hegemony (as they have since the first conquest of the Sassanians to assuage their cultural inferiority complex). The current Crown Prince would love to go to war with Iran if they thought they had the US' backing. Having said that, Netanyahu would also love for the Saudis and Americans to topple Iran going into an election year.

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      09-16-2019 03:12 PM #94
      "bettin yahoo" . ok, i don't see him blowing up oil facilities tho

    21. Member Jimmy Russells's Avatar
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      09-16-2019 03:13 PM #95
      Quote Originally Posted by Hand Cannon View Post
      "bettin yahoo" . ok, i don't see him blowing up oil facilities tho
      They are having an election this week. I doubt it was Israel, although anything is possible.

    22. Member Uber Wagon's Avatar
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      09-16-2019 03:13 PM #96
      Quote Originally Posted by unhappymeal View Post
      The current Crown Prince would love to go to war with Iran if they thought they had the US' backing. Having said that, Netanyahu would also love for the Saudis and Americans to topple Iran going into an election year.
      I'm afraid that it's heading that direction. And at an opportune time too, as warmongering Bolton is released, and this happens. I sure hope that US does not get involved in another land war in the middle east at this moment...

      We will be able to tell from the rhetoric from the Trump administration, who has not said much yet.
      Beer: The cause of, and solution to, all of life's problems.

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      09-16-2019 03:23 PM #97
      Quote Originally Posted by Uber Wagon View Post
      I'm afraid that it's heading that direction. And at an opportune time too, as warmongering Bolton is released, and this happens. I sure hope that US does not get involved in another land war in the middle east at this moment...

      We will be able to tell from the rhetoric from the Trump administration, who has not said much yet.
      I am praying Russia steps in to calm things. The last thing anyone needs is yet another war in the Middle East. We were barely able to cope with the influx of Syrians. I cannot imagine the pressure that an Iranian exodus would have on the international community.

    24. Member Uber Wagon's Avatar
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      09-16-2019 03:28 PM #98
      Quote Originally Posted by unhappymeal View Post
      I am praying Russia steps in to calm things. The last thing anyone needs is yet another war in the Middle East. We were barely able to cope with the influx of Syrians. I cannot imagine the pressure that an Iranian exodus would have on the international community.
      This war will likely be a lot more bloody than the Syrian and Iraqi conflict combined. The Iranian military has nothing to lose, since the prolonged sanctions have ruined Iran into dire straits. Iran feels that it has been backed into a corner, and no way of breaking out except for a military confrontation. I really hope that we are not going into another war in the middle east either. But if Russia do not step in, US will likely strike. Russia has other interests in mind, so I don't see them interfering at all. If they were part of G8, maybe. But they are not.

      I too am worried about the rising gas prices, but it's a small sacrifice to make if we can avoid the war at all costs.
      Beer: The cause of, and solution to, all of life's problems.

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      09-16-2019 03:33 PM #99
      Quote Originally Posted by unhappymeal View Post
      I am praying Russia steps in to calm things. The last thing anyone needs is yet another war in the Middle East. We were barely able to cope with the influx of Syrians. I cannot imagine the pressure that an Iranian exodus would have on the international community.
      If there's one thing I learned from 80s apocalypse porn movies and TV it's that US-Russian involvement in the middle east always acts as a calming influence. *exhales contentedly*

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      09-16-2019 03:41 PM #100
      There’s a touch of surgicalness to this strike.


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      The internet has gotten significantly better since Russians started buying video cameras.

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