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Saudi Stocks, Currency Tumble As Aramco Pipeline Explodes; ISIS Sabotage Concerns
UPDATE: Nothing to see here, move along...
- ARABIAN SECURITY SOURCE SAYS FIRE OCCURRED IN AN OIL PIPELINE, NOT TERRORIST ATTACK.
- FIRE BROKE OUT DURING REPAIERS, NOW UNDER CONTROL
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It appears Saudi markets are back in play. As Bloomberg's Richard Breslow noted this morning, Riyal forwards have jerked notably higher (implying weakness expected) and the Tadawul All Share Index has dropped 7% in the last 2 days after the killing of Shi'ites by unknown parties and now news that a pipeline has exploded. As Breslow warns, "if that indeed signifies the spread of Islamic State into Saudi Arabia, it would be the first time they crossed Saudi borders. That would be a big deal and a major escalation of problems over in that part of the world, far beyond what it would do to capital markets."
Yesterday there were attacks on Shi'ites (as Reuters reported)
Saudi security forces on Tuesday shot dead a member of an armed group that killed five people in an overnight attack on Shi'ite Muslims marking an important religious anniversary, al-Arabiya television reported.
The late Monday assault on a Shi'ite gathering in al-Ahsa district is likely to test already strained relations between Sunnis and Shi'ites across the Middle East because it coincided with the annual Ashoura commemoration of Shi'ite Islam.
The Dubai-based al-Arabiya said security forces who had been hunting suspects in the al-Ahsa attack clashed with and killed "a wanted man" at a rest area in the al-Qassim province, north-west of the capital Riyadh.
... and today, what is allegedly an Aramco pipeline, just exploded near the town of Sudair, south of Riyadh.
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The Region:
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Has sent stocks and the currency reeling.
And sparked a $2 surge in WTI crude
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It would appear the Saudis might need US 'protection' after all.. how convenient as they continue their attacks on the US Shale industry.
As OilPro adds, two other discussions are going around trading desks:
- This is a way to get oil prices to go back up without the Saudis appearing to give in and defend price by voluntarily cutting supply. A pipeline explosion will automatically decrease production.
- The US Elections are over, time for prices at the pump to go back up now. This plays on the long-tenured theory that gasoline prices tend to be lowest right before elections as the incumbent party leverages their power to please the masses.
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THE SHIT HIT A SMALL PEDESTAL FAN BITCHEZZ!!
Probably self-sabotage to drive oil up... a.k.a. Saudi stimulus package.
but but but Saudia Arabia's "grand strategy" ...
not buying either, but i would put false flag before grand strategy
Maybe Obola,Nuland talked the scum House of z-Saud into this. They saw how Obola and the scummy Dems got nuked last night and realized cheap oil was a bad idea.
Prince Citicorp (the one who runs their investments) was freaking out yesterday.
I would love to see the Russians, Yemenis, Syrians, Iraqis and Hezbollah go after the House of Saud. String up the whole miserable klan.
They have caused so much misery in the Middle East.
Where are the questions and analysis on
1) how extensive is the damage?, 2) and how long for repair?
Or is this like the dubious beheading videos where we're just supposed to shit ourselves?
Unfortunately, all that missing info you're looking for was among the checked-in luggage on Malaysian MH370.
Just got "The comment you are replying to does not exist." He was talking about Mia Love and I was going to say Justin Earnest.
ISIS attacking riyadh? JOhn McCain telling bedtime stories again? Any moron who believes this bullshit deserves to spend a week's vacation in an "isis" camp and any news agency peddling it as fact should probably apply for their ISIS / CIA media license.
I hear you Dirtlump, but I just finished reading this pirate book and sometimes, pirates turn on each other. Their must be a lot of wealth in SA?
I think the Saudi PTB, might be afraid. Their sitting on all that loot as chaos spreads. Down thread we are reminded that they're beefing up border security with Egyptian and Pakistani mercenaries.
if these pipelines traverse across thousands of miles of desert in the MIDEAST the question isn't why was this particular line sabotaged but why aren't they getting blown up every day?
because this is the theater of the absurd, and so it must necessarily be absurd. and it is. and that's the beauty of 'terrorism'. from a rational perspective, there is little to no reason for a 'terrorist' to operate; for at a basic and primordial level, every human being functions according to an instinctive mechanism, by which he evaluates a given scenario and either participates or doesn't -- based on his final tabulation of net gain. small bands of zealots seeking to wreck and ruin for purely ideological/religious reasons does not square with an understanding of this basic human impulse. acts of sabotage and mass-murder are almost never carried out by groups of more than five or so half-wits; which is why they're almost never 'acts' and are almost always 'attempts'. you see, rational actors must reasonably believe they have something to gain. this contrived 'terrorist' narrative is bull-shit for that reason alone; in that, 'terrorists' have nothing to gain and everything to lose. moreover, it is almost impossible to convince a human being to knowingly commit suicide (even by brainwashing) for any cause whatsoever; and the difficulty in convincing several to do so simultaneously is near to inconceivable. it's all so laughable; but to the tinsel-media saturated western mind it all seem so plausible.
and that is why the pipelines in nigera are open sieves...it's not because the west africans are savvier pipeline busters, it's because they're thieves, and they have a rational motive for stealing crude in the delta region -- as they have a reasonable expectation to get the crude to clandestine markets without being captured.
my point is, yes, ZH Snob is right, literally thousands of miles of unguarded pipelines to blast away at with little to no fear of reprisal -- if there were such a thing as 'actual' terrorism, that is. these pipelines aren't tapped for theft because there is a low probability of getting tanker trucks full of crude to a transfer station without the vice-police cruisin in to shahira their asses to paradise. however, if there were actual 'terrorists' who simply wanted to sow havoc, they'd have a hey-day bustin pipelines from sudan to kazakstan. it's the same reason we haven't seen acts of terrorism in this country that make sense from the perspective of maximum gain and minimal risk for the 'terrorist'...it's all been spectacular theater of the absurd, hollywooded-up for the bleating imbeciles who line up in droves to vote.
i will however say that we do face something of a threat from islamic nation-states acting in collusion for ideological/religious purposes. in that scenario, there is a potential for gain sufficient to compel the participants to do something dastardly. the thing of it is, 'terrorism' (as it's presently understood) is the most counterproductive strategy for nation-states to engage in who stand no chance whatsoever of overthrowing their rivals militarily.
all of which is why it's so easy to contrive acts of terrorism by a nation within its own nation and its client states; because you'll have an out-right monopoly on the enterprise; because no other group would have a rational motive for engaging in such; and most of all because, if you're trying to sculpt and sway the opinions of a simple-minded citizenry, there is no better way than by scaring the shit out of them and by it affirming within them their sense 'goodness' versus the 'badness' intrinsic in those strange-looking others. as every great salesman knows, if you're selling someone something they don't need or really want, all you have to do is appeal to their sense of moral-vanity. look, if i were wrong, there would be no such thing as a carbon-credit market; there would be no organized religion; no one would've ever heard of a low-flow showerhead (goddam those pestiferous spray-nozzles); and, well, the world would be a better place. but moral vanity is here to stay...some of you are right now buoyed by this idiotic notion that 'change' is on the way from last nights trick-or-treating.
BOO!,
janus
Nigerian pipeline run thru tropical jungle terrain. Saudi pipelines have no such cover.
Please oh please oh please topple the House of Saud. Meh, it sounds more like a false flag to keep the peasants scared and in line. You NEED us to protect you citizen! And we get that little ancillary effect of higher oil prices. Sorry America, we tried to help you out, but you know how it is....terrorists and all. At least we got you through the elections.
The fall of the House of Saud will be a great day for the world
Saudi Arabia has been the focus of evil in the Middle East for decades. Sooner or later, blowback was expected.
Saudi Arabia has deployed thousands of troops from Egypt and Pakistan along its border with Iraq, amid fears of invasion by the Islamic State of Iraq and al-Sham (ISIS).
Saudi Arabia has been strengthening its border defences since the crisis in Iraq heightened in June.
Panicked by the advance of ISIS, Riyadh has taken the drastic step of calling in military assistance from its close allies to shore up the long 500-mile border, Gulf security sources said last week.
http://www.5pillarz.com/2014/08/05/pakistani-soldiers-called-in-to-prote...
"Saudi Arabia has been.." - properly pronounced Zion-Arabia has been
There is nothing "drastic" about them calling up allied military assistance. For the most part those lazy fucks use slave labor to do everything from screw in lightbulbs to build roads to fight wars.
LOL.
Except for screw in Filipina housemaids. That's not work for them.
Time to jack up oil prices since the election is over.
We wanted to sell cheaper for longer but Oooppsss... our pipeline blew.
So Sowwwy.
Yeah but what about honey boo boo?
What about that Kartrashian mom? Shes got a new boyfriend.
And where the fuck is Justin Beiber hiding?
Or did he get Obola from ISIS polar bears starved by global warming?
He cannot get up since his balls dropped.
Bruce has a pussy now
Muslim extremists in Saudi Arabia? INCONCEIVABLE !!
Hmmm, who would want to jack up oil prices?
Yeah Putin is probably behind it,lets see what else he destroys.
Israel is more like it.
The Saudi's are such nice folks I need to look for my short list of enemies.
next you see a beheading video with the guy saying "don't touch our shale oil industry bitchez... oh wait..."
Those dumbass ISIS are suppose to attack Assad in Syria, not SA...damnit, get McInsane on the phone with those clowns, they need proper direction....
(funny how this just happens after elections....Where is Miss Lyndsey?)
Syria is a demolished country after years of war. SA is full of all the party favors.
When these guys used to go into a town in Syria, you could see videos of them pulling stuff like washing machines out of smashed up houses on to pick-ups. Imagine what they could find in SA.
is isis the terrorist or is it house of saud? tyrant dictators are our bestest buddies.
First post election surprise. Get ready, it's escalation and random explosions season. Happy Holidays. Fa la la la la, la la la... la
Election 2014: Mixed results on GMO labeling, cannabis initiatives
http://wtfrly.com/2014/11/05/election-2014-gmo-labeling-cannabis-initiat...
At least there's some good news this election. GMO labelling approved in Oregon, GMO banned on Maui, marijuana legalization approved many places.
Unfortunately, GMO is part of TPP, the Republican congress will approve fast-track for TPP, and every law requiring labelling for GMO foods will be overturned at once by the secret terms of a secret treaty. Internet control and editing under control of corporations is also part of TPP.
Passing stuff in treaties that would never see the light of day if passed as a domestic law is known as policy laundering.
oil price will go down - you know about new normal
false flag as usual
There have been a lot of things blowing up in recent times: Russian space rockets, Russian ammo stores, American space rockets, Oil pipelines.
If supply choke points like refineries or LNG facilities start blowing up next, things will get "interesting".
The pipeline was hit by a snowplow. "Pay back time"
Snowplows in Saudi Arabia?
Sorry if it went over your head.
I guess so. Must be some reference I'm missing.
Total.
ISIS??
That's just fucking retarded! Someone wants higher oil prices, and it sure as shit AIN'T "ISIS"!!! How hard is THAT to figure out???
CIASIS!
It could even be Canadian and US shale miners... lol
Or other OPEC member who are not happy.
Maybe the various interests coordinate their timing on these things, because from a US election stand point, the timing was perfect.
We are talking about bloomturd, so my guess is pretty hard.
IS is an oil producer; why wouldn't they want higher oil prices?
Of course, IS is a creation of the CIA, and all of its supposed videos are produced and distributed by a Mossad front. So who knows what's going on? Maybe the Russians have decided that enough support for Chechen rebels is enough.
American economic hit men at work. The Saudi Royals would be best to avoid air flights and high buildings.
I guess no need for nail guns there.
moar head lopping coming soon
Iranian sabotage
Oh brother.
Colors showing.
Possibly.....it has to be one of the exporters reeling from low prices, if its Iran, then this whole show has notched up a level.
Langley never fails...
until it does
The oil wells, refineries, and pipelines are concentrated in the part of saudi Arabia that is predominantly Shiite. Given the coincidence of a stepup in attacks on Shias recently, the sabotage is more likey the work of Shiite rebels than ISIS radicals.
Blown pipelines = automatic price increase.
Crude was trading below $77 before (attack?) already up $2.
Multiply that times the number of barrels sold and guess who gains most by the sabotage.
Follow the money...
Its the only fundimental still in effect.
This certainly won't help keep oil prices up: Axial Engine under development.
Election over, and fried chicken permission and lower gas prices didn't work so fuck it, $4.50 gas for these insolent peasants!
Day after election day... go figure
The Oil down the desert waaaaa aaayyy
Has been shaken to the top
....AAAnd even though their own wells they bloooowww....
The crude price still will drop...
The CIA never rests. Man, those people are tireless.
Cui bono?
ISIS (Russian speaking div from Dagestan)
market still rallying???
Honey Badgers dont care, man.
Holy Shi'ite! (Is that an oxymoron?)
Mark my words the Russians have had enough of the Saudis siccing Chechens on them.. Screwed with the wrong guy Riyadh, you were thinking of the chocolate Jesus ( pronounced, hey zeus)
a reply to Prince Bandar?
The Saudi leadership asked for this when it joined the US-proxy 'civil' war to 'regime-change' Syria's Bashar Assad.
F... sudis,Quataris,UAE,Bharain and israhole.
Cat out of the bag , or Cat in Catastrophe ?
See
https://www.academia.edu/9136281/Acropolis_and_Catastrophe_Theory_
maybe putin has upped the ante?
I think this will set a record for longest list of conspiracy theories.
Isn't the list shorter......Many have been proven TRUE.
Well, Yellen got what she always wants - INFLATION.
Hey, the braniacs at the central banks say they want inflation. Tripling gasoline would be inflation.
ooops...not that kind of inflation
I can find nothing of this on the interwebs except this article......
Try Justin Biebers Pinterest
http://www.trust.org/item/20141105170329-01u55
Just had to wait for the filtered news to allow profits to be taken on the DOW
http://rt.com/shows/crosstalk/201763-islamic-state-us-terror/
Watch Ken O'Keeffe, ex-US Marine. tell the truth, the whole truth and nothing but the truth.
maybe the entirely well crafted lie by the american cia that isis is a threat -----AFTER HAVING CREATED ISIS-----is possible because isis is learning how to play both sides by now making deals with the mullahs in iran against the saudis.
when any small organization gets substantial resources, they then have some limited freedom not to have to beg qatar and saudi for weapons and money. amybe they are getting chinese weapons from iran. maybe isis is getting smart. taking money and weapons from everyone and for killing everyone.
chaos created by the western imperialists might be...gasp...CREATING BLOWBACK! maybe....or maybe not.
NOw for the Real News: Honey Boo Boo show cancelled!....
No biggie, just watch MSNBC and picture Maddow as June, and Matthews as Uncle Poodle...or the other way around..
unconfirmed?
http://www.cnbc.com/id/102155648#.
They haven't decided how so spin it yet.
CIA meddling. Who'd have thought that the USA .gov would do that to their BFF over there?
Burn baby Burn!!
Disco inferno?
"This plays on the long-tenured theory that gasoline prices tend to be lowest right before elections as the incumbent party leverages their power to please the masses."
Oh, that worked well yesterday! Add another broken correlation to the pile.
That really only works if the masses are relatively satisfied to begin with - then its kind of the cherry on the top. Our masses are generally displeased. I suspect many Democrats are disenchanted and were profoundly disinterested in the midterms. All they really have to do is stay away from the polls to send a message. I've noted before that we tend to give a sitting president an opposition congress in an attempt to reign him in. I don't think, in this age of executive order work arounds, it is going to be especially effective. As far as Obamacare goes I don't think it will be touched.
"Obamacare" was imagined earlier as "ClintonCare" via Hilary when Bill was in orifice - sorry! office.
so it's a long-term plot being enacted, as you realise. it both props up the pharma-death-care industry and all its worker-bees, and it promotes ill-health maintenance while profiteering for insurance/pharma corps.
that fewer folks will survive to collect "retirement bennies" - win win.
And isn't it odd how the net result of Obamacare has been to raise the cost of health care for the masses? It goes back to a very old conspiracy, announced as far back as 1967: make the food bad to make the people sick, and raise the cost of healthcare so that only the rich can afford it. Wise people will eat organic, the rest deserve to die young. Population control is not just about abortion, bitchez.
Wall Street Journal Coverage
http://online.wsj.com/articles/oil-futures-extend-losses-1415187523
Tit-for-tat?
It seems as if the Sauds are behind the attack on Syria and the bombing by the US of Syrian pipelines.
Maybe this is just well deserved payback.
ALERT TO ALL HERE IS THE REAL TRUTH Putin strikes back . it is all russia"s doing and nothing More
All America's Weapons and Manpower including Intellegence is to Protect SA>.
And you imply this........Wow....is your head in the Sand.
And my call of $80 by friday is met..... Next $85 by turkey.... and $90 by xmas......
Nope wasn't ISIS. They just Saudiized again and failed as usual.
It was ISIS that blew up the Saudi pipeline....
ISIS is the CIA tool in the Middle East - we know that for sure. Just because you sometimes have to 'bang your tool against the brics' sometimes to shake off the dirt doesn't mean it's not still your tool - it is, and you use it.
So in this case, the U.S. is using ISIS, sending a signal to Saudi Arabia that trying to crash the shale oil boom is a dangerous game.
If you try to go against the U.S. you just might get destroyed. It's a desperate, dangerous global dictatorship doing whatever it takes to stay on top.
Gone is the USA. We dont have a government. It is a free-for-all of murder and theft utilizing taxpayer-funded armies...both official and unofficial... So you see, Joe, it's not the "US" using ISIS. We the People don't own ISIS. It belongs to an out of control consortium focused on protecting interests most unsavory. This horde of treacherous oligarchs has nothing in common with the general welfare of the US citizen, or any nation's citizens. Its an evil cult. A club, like skull n bones. A coven.
It was created by what we coin as "TPTB". A cancer on humanity. The Demonrats were but children to be toyed with by these subterrainean beasts...easily bought...but the Republicans are likely as dangerous. They love to war and murder. It is what they are best at, stirring their constituency into a voracious appetite for death abroad. Republicans and democrats alike; tools of the ziocon.
This private army, this "ISIS", is but another construct of forces dark, completely sovereign unto themselves, and maniacal...and yet likely with origins domestic to the US of A. Our future wars will be fought by hired thugs. Low-rent pinkertons. Who will be footing the bill? You. Yes, you. The fight we are in is to identify just which monster is pulling the strings of this putrid marionette and to identify it's hellish origin.
We have private armies renaming themselves a half-dozen times, created and funded by the neocons and ziocons with YOUR money, keeping the oligarchs whole for their access to a stream of poisonous fiat. These men, Haliburton's boys, do the bidding of a demonic cartel of nationless monsters. Sure, some of them have US and Israeli passports, but that's irrelevant. They answer to no sovereign body of citizens. No law can touch them. They answer to a hideous band of black-souled psychopaths which prays before the altar of murder, usury and enslavement of humanity.
I have seen comments that call out Putin as the source of this mayhem. Good God, nothing could be further from the truth. If there is a diety overseeing what has been wrought by these philistine boy-lovers, let him end it. Soon.
My guess is the Saudis either blew it up themselves, or are alleging it happened, in order to raise crude prices.
Fire in the pipeline, eh? Somebody forgot to run a pig through it before using a cutting torch/welder?
Of all the crazy "false flag" ideas I have ever read along comes a story that truely has the smell and flavor of one.
Tank oil prices, we got something for that...
BOOM!
Problem solved!
Well maybe the Saudi's can get a little blood under their fingernails for a change.
I'm all for letting someone else fight for ME oil.
After I read this I just had to laugh!
Better that they are raping English women then Syrian, Libyan and Iraqi women!... When England's done training them send them to the U.S., Israel and Saudi Arabia and maybe if it happens enough the "little people" in these Countries who are paying for it with their hard earned tax money might be empowered to make it stop!
Obama has a tell when lying. His lips are moving.
While pipelines are being sabatoged and burning "among friend(s)" a great banker story rears it's ugly fucking head in the profile of the "ugliest bitch" on the planet!
Don't you just love it when friends who just happen to be the worst thieves and murderers are at each others throats because "power corrupts them all absolutely" especially when it comes time to "sharing the provisions"!...
On cartels and "Game Theory" when collusion no longer works because all the partners are losing their shirts!!!
She just wants someone to hold her hand after the bell ringing punch socialism took on the 4'th. Good luck baby.
so what happened to the ISIS crap. Hey ISIS just nuked the gold/silver price.
Uncle Mitch is behind it. Paid them off in blow.
"It would appear the Saudis might need US 'protection' after all"
that's the whole point. they take out Russia for us and fracking for themselves and in return we're allowed to continue to kiss their boots and defend the House of Saud
Pakistani ISI protects Saudi interests. Someone within the White House has changed this. Guess who it was.. It wasn't the nigger reading from the teleprompter.
The firs occured in an oil pipeline -- which either gives ISIS a new idea -- or it is something ISIS already did and is being covered up because it doesn't fit with the 'low oil price plan'. Watch not what they say, but what they do.
Bullish for Samsung http://en.wikipedia.org/wiki/Samsung_SGR-A1
There goes the neighborhood and Saudi oil.
Once ISIS take over it's over.
ISIS, talk about biting the hand that feeds you....
Edited out due to new information.
Still Saudi had it coming!
And now we have it coming...again.
Canada did it. They need to get oil prices up and badly.
Whenever I hear Saudi I picture Jamie Farr playing one in Cannonball Run. :-)
If oil prices were to fall much more, the USA's overall trade deficit would exceed pre Lehman.
Contact the CIA and demand ISIS or ISIL project monies allocation. When told it's classified. Fire up your right to seek unwelcomed banker bets.
Ladys and Gentleman
Close the borders
Clean out the doj
Charge SHIELD
This is America's last chance
Scott Walker 2016
Mr Soros meet ISIS
UK mainstream online press is not carrying this story at all.
Perhaps there are discussions in progress to come up with a story that blames the Russians.
They must confer first to come up with something vaguely palusible and then all present the same story.
I hear ISIS is responsible for bringing down those rockets last week.
Having some fun watching Yahoo under the headline:
Don't expect oil to rally anytime soon but Dan Dicker still sees "super spike" coming$3 increase on fire caused by R&M?
Happens all the time in Texas when they want to manipulate supply
If buybacks work, why not a little fire.
The administration (pick your side) has a tax payer funded stimulus package to help 'us' remain stable in times of world terrorism. Don't be surprised to get a bill from the boyz. They will figure a way.
You should stop believing instantly anything somebody posts in the net. The pipeline story is false: http://www.emergent.info/oil-pipeline-saudi . So is the rest of the interpretation. Advice for newspaper editors (and net users): "If your mother says she loves you, check it out!"