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Massive Fire Engulfs Fuel Tanks At Latin America's Largest Port
Earlier today, there was some good news for Brazil's largest energy major Petrobras when as we reported earlier, none other than China through its CDB, agreed to lend $3.5 billion to the foundering energy giant. That was quickly offset by bad news later in the day when a massive fire broke out at a fuel tank storage facility in Brazil’s port of Santos, Latin America’s largest, forcing some eighty firefighters to battle a raging inferno which consumed facilities located next to Norway’s Stolt-Nielsen Ltd and Transpetro, a subsidiary of state-run oil company Petrobras.
Reuters reports that Transpetro said it had temporarily suspended operations and evacuated its personnel following instructions from the fire service, but that there was no risk to its facility. Stolt-Nielsen was not immediately available for comment.
The company said there had been no victims and the area had been evacuated. It was too early to say what had caused the fire, which was limited to four tanks and was now contained, it added in a statement.
The fire started at around 10 a.m. local time (1300 GMT), the fire service said on Twitter, adding that 22 fire trucks and one boat were involved in trying to control it.
The fire will take “a while” to put out, a fire official told local Globo TV. He added that so far they had focused on wetting down nearby tanks to stop the fire from spreading further.
The port of Santos said it had moved five ships docked at a nearby terminal due to the fire.
Still, while the damage to Petrobras may be limited, if any, Ultracargo is not so lucky. Ultracargo is Brazil’s largest liquid bulk storage company and is owned by Grupo Ultra. Its Santos facility stores up to 301,300 cubic meters of fuels, chemicals, vegetable oils, ethanol and corrosive products, the company’s website said. Shares in Grupo Ultra were down 2.1 percent in afternoon trade in Sao Paulo.
Clip from the massive blaze
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Goldman must have switched to a long crude position. Watch for Nigerian rebels, Iran-Israel rhetoric, refinery fires, barge accidents, etc. and get ready for $3.00+ gas within 3 months.
So much for the oil glut, though the storage problem will rear it's head again...
Iranian plot carried out by their manservant undercover provocateurs, the Norks, using their invisible 3 man miniature submarine which sunk the Deepwater Horizon platform at Mercado in the GoM.
Message 1: Don't fuck with thems that hacks Sony.
Message 2: This was a part of the kinda agreed upon deal John Cohn negociated with the Iranaians. It was outlined in the microfiche dot in the lower right hand corner of the third "#" on the otherwise blank page.
in other news an air burst nuke was dropped over Cushing, Ok by a Goldman business jet. 2 million Goldman option come inthe money!
$30 oil here we come!
der mi6
cia
and mossad
gone rogue
operation gladio
rabbi on the rampage
the goy as cern fuel
Larry, this is what happens when you fuck the US in the ass!
Any headline to keep crude from totally collapsing will do...
Paid Goldman [Luciferians ~ NOT jews], must be positioned all around the globe like Nigerian rebels to see that bad things happen to fuel dumps [as paper crude price tanks]...
You can therefore thank the first [Luciferian ~ NOT jew] person you see on the street for paying $2.35 a gallon for gasoline, instead of $1.60...
More storage units off the market. More glut of oil to be pushed into the market.
News reports say that owner Steinbergowitz had just insured the units last week.
Steinbergowitz?... He owes me money!... Oh wait!
People do not buy what they cant use. Even if you give them a zero interest load to buy with.
The Fed is learning that now.
?
Bullish. Less supply.
Stay calm ...
I was born in São Vicente-SP, I know the area like the back of my hand.
Santos and São Vicente are two cities on an island, a hill divides the island.
St. Vincent was founded in 1532 and Santos in 1543.
The Alemoa Neighborhood is a cargo terminal, if I'm not mistaken it's just heavy oil that is stored in this region.
If the fire was on the other side of the estuary, then yes, half of the city of Santos could go into space.
:-)
Latest news:
http://g1.globo.com/sp/santos-regiao/noticia/2015/04/bombeiros-admitem-d...
:-)
Gee, wasn't there an offshore fire to a distribution terminal in Mexico last week?
Co-incidence, to be sure, but still...
An infussion of cash, and an insurance fire to straigthen up the inventory book. Can't have a mismatch in documents, can we? Win-win
Just wondering if the Chinese loan was collaterialized with oil inventory. nah, that's so cynical. Arsonists would have wait at least a day.
Duing GD1 farmers burned crops to stabilize food prices.
Burning of oil rigs and refineries marks the begining of GD2.
yea...just burn it! brillent....maybe start wars and target all storage facilities.
We have had the 'war on terror'
Now we have the 'war on oil"
HAHAHA! The terrorist branch of US government aka CIA is really desperate conducting sabotages worldwide.:
- Germany
- Mexico
- Brazil
- Turkey
Good!
+1
:-))))))))))))
Tomorrow's Headline:
Al Qaeda and Islamic State Claim Responsibility for Brazil Tank Farm Fire
In a new Internet video posted late Friday, al Qaeda spokesman Umar Farouke Abdullah bin Towelette called for increased attacks
on "Macaco Kufars", accusing the government of Brazil of stealing oil from the rightful underground reserves of the Prophets.
http://www.HijabCrier.com/Macaco_......
.
China loans Petrobas 3.5 Billion dollars. Fire breaks out (within hours) ‘which consumed facilities next to Norway’s Stolt-Nielsen Ltd. (A foreign company who wasn't a target) AND TRANSPETRO (a subsidiary of state-run oil company Petrobas), a domestic company that WAS.’
I fixed some issues regarding punctuation, and added the correct determiners, cutting the story to it's root meaning.
"Still, while the damage to Petrobras may be limited, if any, Ultracargo is not so lucky. Ultracargo is Brazil’s largest liquid bulk storage company and is owned by Grupo Ultra. Its Santos facility stores up to 301,300 cubic meters of fuels, chemicals, vegetable oils, ethanol and corrosive products, the company’s website said. Shares in Grupo Ultra were down 2.1 percent in afternoon trade in Sao Paulo."
In OTHER news, the director of the CIA went to a Congressional funding subcomittee, requesting an additional 3.5 billion dollars for 'emergency funding' last week. When asked what the money was needed for, John O. Brennan (a good Irish name) stated that it was to help certain friends secure control of interests vital to the CONUS in SudAmerica; as well as build a market for exports of 'certain underpriced assets' within the CONUS (and at the same time, help keep 'Americans' employed for a month or two longer). He also spoke about the need to rein in 'independent companies who are undermining our overall agenda' (failing to name these companies, such as 'Ultracargo'). After a heated exchange, in which he was heard to utter 'FRACK YOU, BITCH-BOYS!', Brennan was granted the extra monies via a Homeland Security grant from Obama's White House.
(This press release brought to you by British Petroleum, royally fucking up the 'Gulf Stream Conveyor' for the benefit of those who matter. Shut the fuck up, and pay your heating bills, plebes!)
Statistical arbitrage bitchez!