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Saudi attacks underscore evolving drone threat, experts say

WCH said:
Destroying half your production capability seems unproductive.
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Depends on how much the price rises, but yes, losing 50% of your production to gain a 11% price rise is not a good economic policy
 
RAMOSS said:
The price of oil goes up. The effect will be more than transitory.
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But the oil price goes up across the board. SA may have lost their edge to keep oil prices low so their competitors couldn't compete. That's going to hurt them more than benefit them. I think.

It's been reported that half their entire oil reserves are on fire and stand to lose more oil than Iraq did during the entire war.
 
Interesting story ---

And it’s only beginning. In the next several months, pipeline capacity in West Texas’ Permian Basin shale fields will expand by about one million barrels a day. That capacity will be taken up quickly by new production that had been held back only by lack of a way to get it to market. According to the Energy Department, drillers have sunk almost 4,000 Permian wells that are simply waiting to be fracked. In months, the Permian could be pumping enough to meet all of next year’s global demand growth—all from a single shale play.

Now suppose Venezuela restores order, Iran gives up its nuclear ambitions, and the U.S. lifts its sanctions against both countries. This would unlock another gusher of three million barrels a day and flood global markets. Oil prices would crash. While that would be a win for consumers at the pump, it could cause chaos in the U.S. oil patch


The only thing keeping global markets from falling into abject glut are offsetting production cuts by some of the world’s largest producers. Saudi Arabia has voluntarily cut production by 700,000 barrels a day as part of an OPEC quota system. U.S. sanctions have caused Iranian production to fall by 1.5 million barrels and Venezuelan production by 1.3 million. Considering the dollar values involved, this could be history’s largest shift of global market share for any product over such a short time.

With an initial public offering of Saudi Aramco in the works, the last thing Saudi Arabia wants is either an oil-price collapse or a war with Iran. So despite the outrage over the weekend’s attacks, the kingdom is unlikely to retaliate in any destabilizing way. In December it is likely again to bear most of the burden of production cuts to support prices.
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Let's see what unfolds.
 
American said:
Saudi attacks underscore evolving drone threat, experts say


This is a very telling incident, as far as where technology needs to go.
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**** Saudi Arabia... we should get out of there now and let those ****ers live in the sand by themselves until they come out of the dark ages and allow liberties to women. Every time I see one of these richer than rich Wahhabi mother****ers getting richer off of us it pisses me off. They should still be riding around on their retarded looking camels begging for an Oasis to save their lives.
 
I'm less frightened by what the drones can do and more frightened by the kinds of intrusive and tight security networks that will be required in the future to circumvent them. It seems like security madness and technology are turning the free world into more and more of an autocracy.

This could all be solved if humans could get their **** together and decide to live in peace, rather than constantly escalating the requirements of war and defense.
 
Louisiana and Massachusetts had better watch out with all of their Liquefied Natural Gas (LNG) terminals and storage facilities. A few drones in the right places and chemical explosions equivalent to low nuclear yield levels will happen.

Cheers?
Evilroddy.
 
Drawdown said:
Have the Houthi claimed responsibility? I have read at least one report indicating the attack my have originated in Iraq. I don't dismiss ISIS.
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The Houthis took responsibility. However, the U.S. said it was Iran. The Saudis themselves aren't blaming Iran.

What's concerning is that the Saudis are showering Trump with business. Last year, they booked 500 rooms in one of his hotels on one occasion and also booked rooms in the Scottish resort.

But, I'll admit it. I did it, in retaliation for killing Khashoggi.
 
Drawdown said:
Have the Houthi claimed responsibility? I have read at least one report indicating the attack my have originated in Iraq. I don't dismiss ISIS.
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They have cruise missiles and drones?
 
Bodhisattva said:
**** Saudi Arabia... we should get out of there now and let those ****ers live in the sand by themselves until they come out of the dark ages and allow liberties to women. Every time I see one of these richer than rich Wahhabi mother****ers getting richer off of us it pisses me off. They should still be riding around on their retarded looking camels begging for an Oasis to save their lives.
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I don't think we actually buy much oil from them.
 
Between America, Iran and Saudi Arabia... sadly, Iran is the good guy. Or the least bad guy, in the context of that conflict, however you want to put it. Saudi Arabia is among the worst actors on the planet. I'd rather live in Iran for a year than set one foot in Saudi Arabia.
 
American said:
They have cruise missiles and drones?
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The Houthis have been at least reportedly receiving weapons from Iran. Iran has cruise missiles and drones, and could very well have supplied the Houthis with them.
 
Lord Tammerlain said:
The Houthis have been at least reportedly receiving weapons from Iran. Iran has cruise missiles and drones, and could very well have supplied the Houthis with them.
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I guess they all have to die then. ;)
 
American said:
I don't think we actually buy much oil from them.
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I meant the whole process from WWI on that got them to where they are now...
 
Dans La Lune said:
Between America, Iran and Saudi Arabia... sadly, Iran is the good guy. Or the least bad guy, in the context of that conflict, however you want to put it. Saudi Arabia is among the worst actors on the planet. I'd rather live in Iran for a year than set one foot in Saudi Arabia.
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I thought, "why does this guy hate America?"... then I saw your lean: Socialist.
 
Bodhisattva said:
I thought, "why does this guy hate America?"... then I saw your lean: Socialist.
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in the context of that conflict,
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In THIS conflict since we are supplying SA with the weapons to kill THOUSANDS of innocents in Yemen, yeah we are a bad guy.

Got nothing to do with hating the US, it's simply being humane and realizing our weapons and money are the cause for destroying people lives.
 
SenorXm/Sirius said:
In THIS conflict since we are supplying SA with the weapons to kill THOUSANDS of innocents in Yemen, yeah we are a bad guy.

Got nothing to do with hating the US, it's simply being humane and realizing our weapons and money are the cause for destroying people lives.
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We are not supplying them with weapons to kill... we are supplying them with weapons.
 
Bodhisattva said:
We are not supplying them with weapons to kill... we are supplying them with weapons.
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Which America knows full well are going to kill thousands in Yemen, and also going to the hands of terrorists.

You have to be quite the monster to take a 'pro-America' position on this issue.

It has less to do with socialism and more to do with having a sense of morality.
 
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