Beer: The cause of, and solution to, all of life's problems.
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.
Russia could do the same for this Saudi-Iranian conflict, but as someone already pointed out, they do have other problems on their plate.
Last edited by unhappymeal; 09-16-2019 at 04:01 PM.
Seems to me the most logical rather than dreaming up the Chinese
American intelligence indicates Iran was the staging ground for a debilitating attack on Saudi Arabia’s oil industry, people familiar with the discussions said Monday, as Washington and the kingdom weighed how to respond.
Originally Posted by cartalk
There is for the Saudis, but the world keeps chugging in the background as they wallow in the mess they've made:
NIck Butler, a visiting professor at King's College London, told the Today programme: "It just shows how much oil there is available in the world - there is no shortage.
"The price spike was inevitable, but it’s interesting it’s falling away now and I expect it to fall back more as we get to the know the exact details of what happened."
On Friday, a barrel of Brent Crude oil cost $60 but after the attacks it jumped up to $71 before falling back to $68.
Mr Butler added: "The current price of a barrel is, in real terms, lower than 40 years ago when I joined the oil industry."
“There are enough commercial inventories in the world right now to cover a shortage in the medium term,” Novak said, noting that a lot would depend on how long the Saudi infrastructure would be offline.
And then there's OPEC:
"UAE: OPEC Can Fill Saudi Oil Supply Gap If Necessary
OPEC has sufficient spare capacity to respond to supply shortages after this weekend’s attacks on oil infrastructure that took more than half of Saudi Arabia’s oil production offline, Suhail Al Mazrouei, the energy minister of the United Arab Emirates (UAE), said on Monday. .
“We have spare capacity, there are volumes that we can deal with as an instant reaction but we need to analyse the full impact, and the assessment of the incident is under way in Saudi Arabia,” Al Mazrouei said, as carried by The National.
And Saudia Arabia itself has reserves at home and abroad. The only way for us to feel it is if this goes to full blown war and really, none of the actors want that. They all just want in on the game.
What's it gonna take to get Iran out of the doldrums?
If I had to choose between Iran or KSA having nukes I'd def rather it be Iran. For all its problems at least Iran is an educated pseudodemocracy. I heard a Saudi say "our grandparents lived in tents, and our grandchildren will live in tents". They embody a country with more money than sense
Blah blah blah what's my Premium gas gonna cost me?
Last edited by unhappymeal; 09-17-2019 at 09:15 AM.
Iran sure has changed since the 60s and 70s.
From locals doing the 'Tehran twist' to students sporting mullets and miniskirts: Fascinating photos reveal life in Iran before the revolution
From students sporting mullet haircuts and flares to colourful VW Beetles careering down tree-lined avenues into central Tehran - surprising images of Iran, taken before the revolution, have emerged online.
The stunning photos of life across the vibrant country in the 60s and 70s portray a seemingly cosmopolitan kingdom on the brink of change.
Locals are pictured doing the 'Tehran twist' to Iranian rock 'n' roll bands, families sunbathe by a swimming pool and mosques and bazaars still popular today are also caught on camera, revealing the tension between modern and traditional influences tussling for supremacy.
The 1979 revolution saw the ousting of King Shah Mohammad Reza Pahlavi and the instalment of Ayatollah Ruhollah Khomeini - a shift that would have long-lasting and far reaching implications.
US markets are open; top story is that oil prices are down 5% today. At the moment it appears Brent is down over 6% even.