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Yemen "Gulf Intervention" Premium Erased, WTI Tumbles Back Below $49
Well that was a quick geopolitical event. On the heels of what was set to be Crude's best week since July 2013, Stratfor clarifying little risk of disruption to crude supplies, Goldman confirming neglible impact from Yemen and more to Iran, and reports from Saudi Arabia that "this [Yemen] operation will not go on for long, I think it will be days," WTI crude has tumbled back to the $48 handle and erased all the "gulf intervention" premium - refocusing on domestic storage concerns.
The Arab military campaign against Yemen's Houthi militia is likely to last days rather than weeks, Yemeni Foreign Minister Riyadh Yaseen told Saudi-owned al-Arabiya television on Friday.
In answer to a question about whether he thought the Saudi-led operation, which began on Thursday, would last days or weeks or more, Yaseen replied: "I expect that this operation will not go on for long, I think it will be days."
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Revert bitchezzz
"this intervention will not go on long, just a few days"
Where have I heard that before? I seem to remember several dumbasses (or liars, take your pick) explaining how fast the Iraq war would be, and just costs a few billion dollars. How'd all that work out? Good luck, Saudis...
Don't you remember when Bush stood on the deck of the carrier and declared "Mission Accomplished"?
How dare you question our glorious leaders?
I'm reminded how all this parallels when Obama came out and took all the credit for lower gas prices.
Just in time to save his legacy Obamacare.
I suppose you think Bush was president when it happened.
If it happens on your watch it is yours no matter how much you wish it were not so.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Not to worry, SOMEBODY made some money, just not us......
Look at DWTI.
Or wish you were short UWTI.
Another , 'short war': we will see.....
When not even the entire ME going up in flames can raise the price of oil, you know you are living in strange times.
Yep. Never seen this before either. They usually can milk these events to prop up oil prices for half year.
if this shit happened before they decided to slam the price of oil, yemen would undoubtably push crude up 20%.
Production in Yemin is about 150,000 bbl a day. Threat is that Iran will strengthen Houthie to attack Saudis directly. Or that Houthies could block the shipping lane into Red Sea that is used for Europe supply.
Egypt and Saudi Arabia have CLOSED the Bab al Mandab Straits to the Red Sea. An article yesterday pointed out how 3.8% of the world's oil flows through there.
http://www.zerohedge.com/news/2015-03-26/worlds-greatest-oil-chokepoints...
Odd, since the Houthis in Yemen are FOR keeping the straits open. I suppose it's for the twenty or so capesize cargo vessels filled to the brim with Iranian weaponry waiting to resupply their Houthi proxies. Iran, you see, want's to take over the world.
Iran, you see, want's to take over the world.
The ultimate goal of all true muzzies.
the sarcasm on this site is the best!
Which is exactly why China has supplied the Houthis with 50 DF-3A intermediate-range nuclear-tipped missiles. The Chinese are closet Muslims and want to piggyback on the rise of the Persian Empire.
I understand the Chinese have tunnels everywhere. You know they're under the Gulf of Aquaba right now - and probably have connections to the Palestinian tunnels. If we don't stop this Chinese Muslim threat in Yemen, then Russia will take advantage of the situation.
WTF?
It's WAY worse than that, cosmictrainwreck. I just told you the unclassified stuff.
It is the Jewish Chinese who are behind the support of the Houthis. Goal is to reconquer Mecca and buils a synagogue over the black rock. Make a fortune selling tickets for admission.
Why waste funds on a synagogue?
Build a Disney theme park and the tourists will come
That doesn't stop the flow of oil. The tankers have to go around Africa now
It doesn't matter if this is going to last for days or years. Until something happens that either has an effect on the production and shipment of crude or something happens that has an effect on the consumption of crude, the system will head towards something breaking. Not that a geopolitical event couldn't break the system, but nothing that would break it has happened thus far.
According to Pete Santilli and some Wikileaks documents, this "war" is a cover up to allow TPTB access to the Aidan, which has had strange vortexes open up (linked with CERN).
Anyway, weird stuff happening there.
Kinda suspicious that this "war" is over almost as quickly as started.
Anyway, like other commenters said..."we'll see"...
CERN was first blamed for causing the German plane to crash.
Now it is causing vortex holes even further away.
Geo Wash should do a full article on it to inform the conspiracy theory folks. Maybe there are too many Jewish scientists working at CERN.
Just did a Google search on that Aden vortex theory.
Found the story on Before It's News
That site is a primary source for Geo Wash articles. Should be an authoritative and well researched article posted here very soon.
"...Kinda suspicious that this "war" is over almost as quickly as started..."
No chance, vvv. The Houthis have lived on their barren little scrap of land for a thousand years. Someone drew a line through the middle one day and said: "This half belongs to Saudi Arabia, and this half belongs to Yemen." The Houthis absoltuely fucking HATE the arrogant Saudis and have ignored the artificial border ever since. They recognize the situation though and consider themselves Yemeni (regardlesss of the border) and get along with the other Yemeni Sunni. The Zaidi Shia have no animosity towards Yemeni Sunni. They use the same mosque in a lot of places there.
They recognize that Yemen exists no matter what and they have to make it work as a country. Houthis also hate al Qaeda, but recognize that the long American drone campaign has been useless. It was the Houthis that had to go toe-to-toe with AQAP the last few months and have soundly kicked their ass. They made more progress against AQAP the first few months of this year than the U.S. and the Saudis have made in the last FIVE years. We should be praising them for doing the job our incompetent drone forces were unable to do. The Yemeni Sunni have been praising them for kicking al Qaeda's ass.
The U.S. and Saudi Arabia loved the fact that the Houthis were dying for them and taking out AQAP. What the U.S. and Saudis didn't like is that the Houthis wouldn't get on their knees to the U.S./Saudi puppet Hadi. The U.S. and Saudia tried and failed to assassinate the last Yemeni president, but the guy quit to stay alive. Hadi won the election right after that because he was the only person on the ballot. Hadi's job was to contain and weaken the Houthis for the eventual splitting of Yemen.
The Houthis are not radical Islamists by any stretch of the imagination. They're pissed at the corrupt, evil president Hadi that was forced upon them by Saudi Arabia and the U.S. and they'll be looking for payback. Here's the other interesting tidbit you won't hear in the MSM: the Yemeni Sunni also fucking hate the U.S. and Saudi Arabia, so it will pretty much be all of Yemen coming after the King's ass, not just the Houthis.
are the houthis on our side or their side? what side is their side? is it the same as our side? or is there a side we don't know of? another side to the story?
i think the saudi military should invade syria since they claim to have accomplished something the usa has not been able to do for 15 years, win a war.
We reverted some folks...
You only have a chance of winning wars if you keep an active draft the whole time.
You have to make every person have a dog in the fight.
"Trouble in the Mid East" just ain't what it used to be.