What appears to be the most devastating Yemen Houthi rebel attack on Saudi Arabia to date, took place overnight on the world's largest oil processing facility as stunning videos emerged of massive explosions rocking the major Aramco Buqyaq facility.
The impact on global oil markets - closed for the weekend - could be significant given the Khurais field produces about 1% of all the world's oil (estimated at over 1M bpd and reserves of over 20BN bpd) and more importantly Abqaiq, which based on the stunning local footage bore the brunt of the drone attacks, remains the most crucial of the kingdom's processing plants.
Located 37 miles southwest of Aramco’s Dhahran headquarters, it controls all the flows from fields like the giant Ghawar field to coastal export terminals like Ras Tanura. Saudi Aramco describes the Buqyaq facility as "the largest crude oil stabilization plant in the world."
You can see the fires from space.
Definitely some planning and coordination here, probably with the Iranians. We'll certainly find out more as time goes by, but thank goodness we have fracking. Our oil/gas supply is safe now.
Oh crap.....there goes the cheap gas prices.
ReplyDeleteSteve
You can keep track of how things are going!
ReplyDeleteGas Buddy map of the country https://www.gasbuddy.com/GasPriceMap?z=4
Gas future prices (what sets the pump prices) https://money.cnn.com/data/commodities/
Rob
And because we only get about one percent of our from there the damn robber baron are going to use that as an excuse to jack up fuel prices, cause they ain't rich enough...
ReplyDeleteI smell the Iranians providing the means for this attack. I also smell further attacks of this type but using far nastier payloads.
ReplyDeleteI imagine there's a former president lounging around right now and smirking because he let a drone be shot down to level the playing field in the middle east for his Iranian friends to acquire the technology...
ReplyDeletehttps://imgur.com/8AIJUp3
Foolish of the Iranians. Somebody sold the strike as a way to make more money from their own oil exports, by taking a lot of Saudi production off the market.
ReplyDeleteThe Saudi's however have a much more advanced Air Force and strong partnership with Israel; Iran's more concentrated and indefensible oil platforms are about to go away.
Leaving the USA with the lions share of the surviving world market. Can't hurt Putin either.