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Here Comes The Saudi Denial
The latest in this story:
- Saudi oil officials says reports about attack on pipeline are untrue- Dow Jones
So someone is lying. And now we can go back to assuming that Saudi Arabia has limitless excess supplies of crude.
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Fade the rally.....
Conventional crude production has barely budged for several years now. Some say the peak occured in 2004.
When Saudi goes we all go.
Oil will continue rising until the economy breaks: http://www.planbeconomics.com/2012/02/24/passport-capital-oil-won%e2%80%99t-stop-until-the-economy-breaks/
I debunked this rumor of a Saudi oil fire more than an hour ago.
http://www.zerohedge.com/news/guest-post-about-those-high-gasoline-prices%E2%80%A6-look-again#comment-2213299
what rumor, that C&C didn't peak in 2004?
"Fire in the oil pipeline between awamiyyah and safwa," rumor has been circulating for many years.
I looked but didn't see what you were talking about. Can you elaborate?
Also, the Arab Digest is citing demonstrations in the area.
Google search for "fire in the oil pipeline between awamiyyah and safwa" older than 3 days and you will see that "dissidents" have been spreading this rumor, VERBATIM, since at least 2008.
Probably a false flag attack to blame "oil speculators" for rising oil prices.
Did you go to those websites? They seem to be aggregators of some kind. My Web of Trust plugin rejected them.
Yeah, just confirmed this. The google results that say they are years old are, for the most part, using news stream plugins that are updated in the google results.
Unfortunately, I don't think that's reliable at the moment. But then again, neither is PressTV.
Saudi officials deny it. You can trust government officials to always tell the truth about things like this.
Oh, without a doubt.
Deny Deny and more Denial. They know it was attacked, so what they are doing is making the world know that everything is Saudi Arabia is controlled and you haven't a worry about the oil. This country peeked a long time ago and now they are fronting and saying we can meet any quota or no on can attack us. We will see and everybody knows that Saudi Arabia is afraid of becoming a desert again.
It's not a Pipeline burning(.. that would be preposterous!), it's was a Lightning strike setting sand on fire(and a few unlucky Camels nearby)!
Wait - there's tar sands in SA too?!?
rally in what, everything is up!!
The S&P bounced hard at the end...not sure if it was the Saudi denial, the PPT or aliens that pushed the market higher....
Saudi Nile? Hmm....have they kidnapped a river?
But they could be telling the truth.
No pics/video of the actual pipeline exploding.
For all we know, it could be a burning bush in the desert.
G-D must be trying to communicate.
Decrepit House of Saud: "I swear by Allah all is well! That is not a fire, it is a hukkah-party of our cousin Fahim."
Ya Allah!
Why would Saudi Arabia say that when they profit from higher prices??
It's good for other oil exporters, not necessarily for the Sauds. You need to get the oil to the tanker in order to sell it.
Something like this could reveal that Saudi Arabia's vast oil reserves are myth.
Something like this could reveal that Saudi Arabia's vast oil reserves are myth.
Or it might help to cover it up...
So we don't intervene militarily to 'save' resources crucial to our national security.
lots of reasons, that things are under control, that their own are not restless, that their own have not figured out they've been lied to (as it should be obvious) and the supplies are much worse than admitted, that their own's future has been sold off at false numbers while the current Sauds live in luxury bathed in the fiction of perpetuity. (A lot like our 1% and our true debt picture). Every producer has to eat more and more of their export.
Now that they're spending vast quantities of domestic oil to keep its own population from rebelling, higher prices aren't necessarily the best thing.
So the picture posted on previous thread in broad daylight (even though it's midnight in SA) was from a forest fire?
Yeah - and those are Israeli fire-fighting tankers...
i said this on both of the previous posts that this sounded like B.S.
i was selling all the way up and am buying back from the momo idiots now.
Dow transports up 1% is a joke
"All of the smoke and fire comes from the dragon we just resurrected"
damn , if Saudi denying, should we find out who spread that rumor? was it done on purpose?
it used to be the europeans fking with the close, now that that has calmed down somewhat, it's the ARABS turn.
Not another lie from the house of Saud-fraud.
.
SCO
UCO
kose nanat madar jendehs!
We were burning some old books next to an unused sewage pipeline - sorry about that!
Blame JPM.
Damnit now this is the second time this week someone has...
Oh, not me again. Sorry.
Forget that they stopped publishing their estimate oil reserves a long time ago. Sometimes pipes just burst into flames. It's priced in. Too bad the shoes people wear to walk to work instead of driving (because they can't) are made of oil too....
I haven't found it yet, but a friend sent me an email from NY saying burning photo was a stock photo.
Exponential growing demand for oil is the reason for price increases....well that and monopoly money we all use to buy it. Laws of market supply and demand are now working against everyone and we are all going to get a massive kick in the arse very shortly. The kind of kick that leaves a nasty black and blue bruise on yer arse cheek (|)
At least in Monopoly you can't build anymore houses when the bank is out of them ;)
You do realize that is all synonomous with "not enough oil"?
1. find old picture of well or pipeline fire
2. buy oil
3. find a way to spread the picture/rumor
4. sell oil
5. ?
6. profit!
Oil has replaced Greece. Rumors and denials come from Riyadh now.
And this fire should give, conversely, a place for the House of Saud to burn Bibles.
Wait for it...
All meant to make it ok to release from our SPR so that all will be good for election year.
Obama: "We didn't want to. We were not going to. But you know that darned Saudi oil pipeline fire, made us dip into the SPR. We did it for Americans and jobs. Yes we did."
Well, as of this moment oil is up quite a bit today, and most of that happened before the rumor.
Move along, move along, nuthin' to see here.
If they are going to start rumors at least make them entertaining. WSJ reports Ben Bernanke was found intoxicated behind an Arby's wearing a gold dress singing "I feel pretty, oh so pretty". When asked for a comment, Mr. Bernanke assured everyone that his condition was transitory.
iran's payback..it was coming
Latest reports are that Iran sent in dog bombs; two toy Pomeranians (get it?) strapped with plastic explosives. Dog bombs are the new IED
PETA is outraged.
upvote for pomeranian reference. I (my wife) rescued three of them.
That's hardly a sandwich
You rescued them from a life of terrierism.
A rumor is not a fact...UNTIL it is officially denied.
We now have confirmation.
where there's smoke, there's fire
25+ year firefighter (Volunteer - wildland and structure) sez:
If smoke is mostly white = wildland
If mostly black = Structure or car
No oil pipleines around here...
funny, if oil was at, say...ohh...70, you would have a joint saudi/american press conference on how the pipeline was sabotaged by iranian terrrristts, however, being that oil is over 100, that announcement likely wouldnt sit too well with the world
This whole Breitbart death bothers me.
Age 43. Heart attack.
On the edge of releasing certian anti-Obama videos.
Sheriff Joe on the loose.
Now wait a minute.
Saudi oil struck by Iranian terrorists.
WW3.
No 2012 elections.
Reset.
It's not that far fetched for a MI at 43.
I myself have some situations where it might be worth my life if the heart stops. So if I go early, no one gives a shit. Now if Rush L. is next or some other important figure... yea I would worry.
It was always said that if Iran is pushed (and they have been with the lunacy of Obama/FED/EU...even the ECB is in there why not?) and their economy is under attack via sanctions and FX war then the first thing they will do is get oil to go bid to 100. They have done that. Second, f*ck with the Saudis, blow up a pipeline or send a missile their way, of course the missile thing will happen later when war breaks out. But, yes an oil explosion in Saudi is 100% Iranian ops. Oil now at 110
The ECB is a disgusting entity, it's re-inflated bond markets and created a bubble akin to the Germans running Operation Bernard during WW2 (counterfeiting UK notes to flood the UK economy). The ECB has destabilized the European bonds markets. And since the EU (those sick looking old men/women) declared economic war on Iran, all Iran has to do is send a massive wave of inflation straight back to Europe. BOOM! There goes the bond market, there goes that Italian money printer crazy idea of sending yields lower when everything will go in reverse very, very quickly. The taxpayers fo the PIIGS/EU are about to be smashed into oblivion.
War has started. First economic war, then all aout war.
Ides of March and all that...
bad vibes
Absolutely. Iranians were behind the scene every past time oil went over 100.
That is called hard work or how to create a favourable environment to yourself.
It is not like those guys had nothing to do and sit on their hands, because US citizenism economics is all bent toward consumption and that oil being finite, well, rise in prices was somehow to be expected.
Lets nuke the Iranians and their oil fields. Today, cheaper oil, tomorrow cheaper everything.