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Photo Of Pipeline Fire And Map Of Awamiya Region

Tyler Durden's picture


And another update this time a video showing Awamiya, Eastern Saudi Arabia, where the oil fields can be seen from minute three onward.

Another update from Arab Digest:

A new photo of the pipeline under fire, from our Qatif correspondent:

Below is a map of oil fields in Saudi Arabia:

The Eastern region is where most of the oil fields are based. The events, if they continue, might force Saudi Arabia to lower its production expectations this year, thus affecting world supplies, and possible the world economy.

A quick review of the proximal refinery courtesy of Saudi Aramco

Ras Tanura Refinery

The most complex Saudi Aramco refinery is on the Arabian Gulf at Ras Tanura with a crude distillation capacity of 550,000 barrels per day (BPD). Ras Tanura Refinery also has a 305,000 BPD NGL processing facility, a 960,000 BPD crude stabilization facility, 145/158 MW (summer/winter) of combined steam and gas turbine electrical power generation plants, a combined 150 lb and 600 lb steam capacity of 6,217 Mlb/hr, and 75 crude oil and products storage tanks with a combined capacity of 5.8 million barrels.

Ras Tanura Refinery's major refining facilities include a 325,000 BPD Crude Distillation Unit, a 225,000 BPD Gas Condensate Distillation Unit, 50,000 BPD hydrocracker and a total of 107,000 BPD capacity of catalytic reforming. Ras Tanura Refinery is the only Saudi Aramco refinery that contains a Visbreaker (60,000 BPD). This refinery also produces 17,000 BPD of asphalt, more than any other refinery in the Kingdom. Crude is normally transferred to Ras Tanura through a pipeline and can also be supplied by ship. Most of Ras Tanura’s production is for domestic use and transferred to the Dhahran bulk plant, while some products are exported.


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Thu, 03/01/2012 - 16:33 | 2214185 A Lunatic
A Lunatic's picture

Well at least it's not Korans this time.......

Thu, 03/01/2012 - 16:34 | 2214201 ZeroPower
ZeroPower's picture

And yet they'll still expect an apology from obaMao.

Thu, 03/01/2012 - 16:35 | 2214227 macholatte
macholatte's picture



PHOENIX – An investigative “Cold Case Posse” launched six months ago by “America’s toughest sheriff” – Joe Arpaio of Arizona’s Maricopa County – has concluded there is probable cause that the document released by the White House last year as President Obama’s birth certificate is a computer-generated forgery.

Thu, 03/01/2012 - 16:43 | 2214283 Manthong
Manthong's picture

"The events, if they continue, might force Saudi Arabia to lower its production expectations "


Just get the the ISDA to declare them not to be events.. it will be like nothing ever happened.

Thu, 03/01/2012 - 16:52 | 2214367 redpill
redpill's picture

Highly bullish.  I'm sure it was "speculators" that blew it up.

Thu, 03/01/2012 - 17:01 | 2214413 Ying-Yang
Ying-Yang's picture

On a side note.....

WASHINGTON, March 1 (Reuters) - Iran has made a rare purchase of U.S. wheat in an effort to build food stockpiles as the United States and Europe implement tough new sanctions to contain Tehran's nuclear ambitions. 

Put sanctions on Iran then sell them wheat... WTF?  Ayatollah just said put all 120,000 tons on my Chase card.

Thu, 03/01/2012 - 20:44 | 2215231 Buck Johnson
Buck Johnson's picture

I know, just like the ISDA when everyone knows it was an event and people know that this bombing was a warning.  And if people think that Iran doesn't have Saudi Arabias major oil facilities targeted, they are sadly wrong.  Because I guarantee they have planned for this contingency.

Thu, 03/01/2012 - 16:46 | 2214308 Conrad Murray
Conrad Murray's picture

Breitbart won't be the only person to have a sudden heart attack this month.

Thu, 03/01/2012 - 16:55 | 2214386 AbruptlyKawaii
AbruptlyKawaii's picture

dude ive seen u over the past year ur fast becoming a habit start a blog already, reggie is the man and he did it

Thu, 03/01/2012 - 16:47 | 2214323 Schmuck Raker
Schmuck Raker's picture



Thu, 03/01/2012 - 16:54 | 2214376 AbruptlyKawaii
AbruptlyKawaii's picture

kinetic oil...woo hoo

Thu, 03/01/2012 - 17:00 | 2214409 drivenZ
drivenZ's picture

the story is ridicuolous and so are all the birthers. it defies logic. If it's a big liberal government conspiracy don't you'd think theyd have enough power and connections to just make him a new completley legit birth certificate with whatever they wanted on it instead of photoshopping or forging him a birth certificate? Also, last time i checked, where you're born has no bearing on anything. give it up sherriff.   

Thu, 03/01/2012 - 19:35 | 2215050 ElvisDog
ElvisDog's picture

You need to go back and read the Constitution cowboy. Only people born inside the United States are eligible to become President. Naturalized citizens are not.

Fri, 03/02/2012 - 03:52 | 2216105 AnAnonymous
AnAnonymous's picture

So the Founding Fathers were born inside the US?

That is a piece of news.

Rewriting history in such blatant way is traditional sports for US citizens.

Thu, 03/01/2012 - 22:39 | 2215510 Ceteris paribus
Ceteris paribus's picture

Only slaves have birth certs , people born free do not have them because a birth cert is a contract between you and the Government , they own you and you get benifit entitlements.

Thu, 03/01/2012 - 20:09 | 2215153 Heroic Couplet
Heroic Couplet's picture

Half the United States, the Republican half, have yet to come up with anything that will stand up in a court of law, including Donald Trump and America's Toughest Sheriff.It's amazing to me that Greta van Sustern at Faux Noise has a law degree and somehow has never talked at length about the birth certificate.

How many Mexicans slipped over the border of Arizona while the "toughest sheriff" was eating donuts?

Thu, 03/01/2012 - 18:07 | 2214713 yt75
yt75's picture

Lol, do you guys know that for instance first oil shock is due to US production peak in 1971 and not the so called "arab embargo" ? (a leaking joke that lasted around 3 months and was never effective from KSA to the US in particular)

Truth is that US diplomacy ant oil majors needed higher prices (to start Alaska, north Sea, GOM) and **PUSHED** OPEC towards price increase and quotas.

Too bad  James Akins died one or two years ago (key guy in that story)


Fri, 03/02/2012 - 04:01 | 2216115 AnAnonymous
AnAnonymous's picture

It triggered all.

I dont think the Arabs or anyone else needed counsel on that topic. They went to the conclusion by themselves.

What your story forgot to mention is that anyone who pointed to the finited nature of oil supply was smashed in the face by charts plotting the rate of discovery of new oil sites. Useless to conserve oil as every year, more oil was discovered than it was consumed.

The rate of discovery plummeted in the same years.

This is the combo of events that led to the reaction by the Arabs.

Fri, 03/02/2012 - 04:21 | 2216138 yt75
yt75's picture

No, I'm talking facts here.

And the fact is that James Akins indeed suggested $4 or $5 a barrel during an OPEC meeting in Algiers (he was US ambassador in Saudi Arabia at that time), and everybody "amazed".

James Akins is also the guy asked by Nixon to audit US production in 71.

There has been plenty of other "games", like "the oil glut" or counter oil shick in 85 being a deal between Reagan and the Saudis to put the last blow to USSR (and it worked, cutting their foreign currencies revenues by two third).

Americans always want to avoird these historical geopolitical facts, doesn't make them disappear.

As to discoery, the peak of oil discovery is around 1964, so even beflore, and all giants fields discovered even before, except for Cantarell.

Thu, 03/01/2012 - 18:08 | 2214714 yt75
yt75's picture


Thu, 03/01/2012 - 16:36 | 2214234 Gully Foyle
Gully Foyle's picture

Hedges look pretty green for A FUCKING DESERT!

Thu, 03/01/2012 - 16:45 | 2214298 A L I E N
A L I E N's picture

lol, so bitter

Thu, 03/01/2012 - 19:51 | 2215101 A Nanny Moose
A Nanny Moose's picture

I call bullshit. That's Bakersfield!

Thu, 03/01/2012 - 16:40 | 2214261 Clueless Economist
Clueless Economist's picture

Well at least it's not Korans this time.......

And when was the last time the Koreans blew up a pipeline???


Thu, 03/01/2012 - 16:48 | 2214331 Q.E.easy
Q.E.easy's picture

I'm pretty sure his comment was in reference to the burning of Korans last week that sparked a whole mess of protest in Afganistan.


Thu, 03/01/2012 - 16:51 | 2214356 ziggy59
ziggy59's picture

I'm pretty sure his screename is perfect!

Thu, 03/01/2012 - 19:12 | 2214996 General Decline
General Decline's picture

Protest in Argentina? What does this have to do with New Mexico?

Thu, 03/01/2012 - 16:55 | 2214371 Biggvs
Biggvs's picture

Ya ya and every time they talk about assisted suicide, they always gotta mention the "youth in asia". How come they always gotta bring race into the discussion? What did those kids ever do to them? (Hat tip: Ali G)

Thu, 03/01/2012 - 18:42 | 2214903 Dead Canary
Dead Canary's picture

And what about all this talk about too much violins on TV. I like violin music.

Thu, 03/01/2012 - 16:41 | 2214266 LongSoupLine
LongSoupLine's picture




"Now that's a fire!" - Eddie Murphy

Thu, 03/01/2012 - 20:02 | 2215134 A Nanny Moose
A Nanny Moose's picture

Roll Charlie around...he be aight.

Thu, 03/01/2012 - 21:14 | 2215325 fuu
fuu's picture

Gooney goo goo Gus.

Thu, 03/01/2012 - 16:41 | 2214269 Evil Bugeyes
Evil Bugeyes's picture

A gentle warning from the Iranians?

Thu, 03/01/2012 - 19:11 | 2214989 greensnacks
greensnacks's picture

Reality == Nothing to do with Iran. Just a few Saudi citizens, protesting, being destructive.

Media == Secret, Iranian military sabotage.

Thu, 03/01/2012 - 16:33 | 2214195 Caviar Emptor
Caviar Emptor's picture

It's ok! We'll light our own farts! 

Thu, 03/01/2012 - 16:37 | 2214197 Colombian Gringo
Colombian Gringo's picture

Iran strikes back! Take that USA.

Thu, 03/01/2012 - 16:45 | 2214297 Gene Parmesan
Gene Parmesan's picture

No kidding. How vulnerable are we - and how fragile is the world economy - when a single pipeline fire has the potential to knock the whole thing off the rails?

Thu, 03/01/2012 - 16:33 | 2214200 YesWeKahn
YesWeKahn's picture

terrorist attack?

Thu, 03/01/2012 - 16:34 | 2214207 Gools
Gools's picture

Flock of Black Oily Swans! BITCHEZ!


(Did I do it right? It's my first "Bitchez")

Thu, 03/01/2012 - 16:56 | 2214389 blu
blu's picture

* golf clap *

Thu, 03/01/2012 - 17:45 | 2214692 Nobody For President
Nobody For President's picture

Most ZHers seem to prefer a humpty-dumpty kind of bitchez:




Like that.

But whatever works...feel free = 

"Oily Black Swans" is terrific, and you can spell it however the fuck you want. I nominate it as the Meme of the Day...

Thu, 03/01/2012 - 19:47 | 2215094 JPM Hater001
JPM Hater001's picture

Great thing about ZH is any way you want to do it is ok as long as it doesnt fuck with my person way of doing it.

Ron Paul Bitchezzzz

Thu, 03/01/2012 - 16:34 | 2214211 alien-IQ
alien-IQ's picture

ZH puts the MSM to absolute shame.

You fuckin guys rock!

Thu, 03/01/2012 - 16:48 | 2214336 Conrad Murray
Conrad Murray's picture

ZH deserves a money bomb. What's the date?

Thu, 03/01/2012 - 17:04 | 2214445 tekhneek
tekhneek's picture

ZH "Ides of March" Money Bomb: March 15, 2012 - Goal $10,000.

I'll throw in $20.

Thu, 03/01/2012 - 19:51 | 2215102 JPM Hater001
JPM Hater001's picture

You know, I paid Schiff, Martenson, and Martha Stewart but I learn more here than anywhere else.

Just donated.

Thu, 03/01/2012 - 16:39 | 2214214 hedgeless_horseman
hedgeless_horseman's picture



It is a great day to buy or lease

a new Chevy Suburban!


15 Cty / 21 Hwy


Financing available through Ally Bank.


Thu, 03/01/2012 - 16:40 | 2214258 bdc63
bdc63's picture

lol - my neighbors JUST bought one ...

Thu, 03/01/2012 - 16:41 | 2214271 hedgeless_horseman
hedgeless_horseman's picture



Tape this on their window while they are sleeping...

Thu, 03/01/2012 - 19:55 | 2215114 JPM Hater001
JPM Hater001's picture

So production is going up!

Great News~!

Disclosure: I wanted to link the ad for the gas guzzler from Robocop but I couldnt find it.  Just take a moment to pretend I found it and you watched.

Thu, 03/01/2012 - 21:19 | 2215343 fuu
Thu, 03/01/2012 - 23:35 | 2215717 CompassionateFascist
CompassionateFascist's picture

I actually own one - calls itself a 1972 Olds 98...maybe 7ml/gal when it's in a good mood. Don't dare drive it trip around the block will collapse the entire global economy.  

Thu, 03/01/2012 - 16:42 | 2214277 Clueless Economist
Clueless Economist's picture

your neighbors are NITWITS

Thu, 03/01/2012 - 16:42 | 2214279 Bunga Bunga
Bunga Bunga's picture

Wealth effect. He can afford the gas.

Thu, 03/01/2012 - 16:48 | 2214325 Silver Dreamer
Silver Dreamer's picture

I'm planning to buy a used 4x4 Ford diesel soon, but then my commute to work is less than a mile.  If diesel becomes too expensive, I can always walk.  Storing bulk diesel is a lot easier and safer than the same for gasoline too.  It will be a second vehicle too, and the first one is horrible in bad weather and impossible to take off road.  Our current vehicle cannot haul anything dirty either.

Thu, 03/01/2012 - 16:57 | 2214391 drink or die
drink or die's picture

+1 for you sir.  Although, if it's only a mile you should walk every day.  2 miles/day is good for you, and walking in bad weather will put hair on your chest.

Thu, 03/01/2012 - 17:00 | 2214412 DaveyJones
DaveyJones's picture

my current vehicle is small but still manages to haul my thoughts around.

Thu, 03/01/2012 - 17:41 | 2214677 seek
seek's picture

I was lucky enough to grab a jeep diesel for the same reasons, but ultra-low-sufur diesel is getting pretty pricey, as of today my gas car wins on $/mile. I strongly suggest you get a good lubricity additive for the diesel's tank, as the new ULSD fuel is terrible at lubricating and it's causing a lot of diesels to implode after a couple years of use. (And on that note, don't but a VW diesel Jetta, the US fuel causes a pump failure that's a $10K+ repair.)

I know people are scoffing at low gas-milage vehicles, but we're entering a catch-22 phase in the US. Road infrastructure is falling apart rapidly, and the ultra-high-milage cars often are small and can't handle crap roads very well, whereas larger tougher 4WDs can. I dumped a Porsche for a 4WD because  the roads in my area had become so shitty as to be undrivable in the Porsche for miles in certain places.

As we sink into developing-world levels of infrastructure, something like a cheap pickup (Toyota Hilux being the 3rd world gold standand) starts to win over fuel economy, even when you're poor.

Thu, 03/01/2012 - 19:12 | 2214993 Citxmech
Citxmech's picture

I've got a gas Honda Civic, a Dodge Cummins diesel and a diesel 4x4 Suburban that's in the process of getting a Cummins 4bt swapped in. The 'burb is going to be the eventual "commute" car when the Honda finally breaks.

We're rapidly reaching the point where driving is just not going to be worth it unless you're actually moving heavy shit of great importance a long distance.

Long cargo bikes.

Thu, 03/01/2012 - 19:20 | 2215007 General Decline
General Decline's picture

I've got a ford Excursion with a 7.3l. It's got 250,000 mi on it. Havent even put glow plugs in it yet. You could run off road diesel in it for about 40 cents a gallon less. But thats illegal and I would never condone such behavior.

Thu, 03/01/2012 - 20:34 | 2215206 ForTheWorld
ForTheWorld's picture

If your commute is less than a mile, and you're not already walking to work, that's pretty silly. Why do you drive to work when you could walk it in 10 or 15 minutes, and actually get some sunshine (or snow) and a bit of exercise?

Thu, 03/01/2012 - 16:48 | 2214333 Christoph830
Christoph830's picture

His neighbor is long sweat

Thu, 03/01/2012 - 16:58 | 2214396 DaveyJones
DaveyJones's picture

as long as you don't drive it

Thu, 03/01/2012 - 17:11 | 2214512 WillyGroper
WillyGroper's picture

72 month, 0% APR Financing available through Ally Bank.


There, fixed it for ya.

Thu, 03/01/2012 - 16:34 | 2214217 Caviar Emptor
Caviar Emptor's picture

Pres Obama calls on Congress to end $4billion in oil industry tax subsidies. Says giveaways are "outrageous" "inexcusable

Thu, 03/01/2012 - 16:36 | 2214226 eBuddha
eBuddha's picture

what was the name of that movie where they portrayed the idea we never landed on the moon.

that photo could be from Orlando.

something this important and this is what world markets are moving on......

Thu, 03/01/2012 - 17:37 | 2214659 XitSam
XitSam's picture

Not sure about the moon movie, but there was one for Mars.

Thu, 03/01/2012 - 19:34 | 2215052 General Decline
General Decline's picture

Capricorn 1. It was Mars that they didn't go to.

Thu, 03/01/2012 - 18:24 | 2214840 Matt
Matt's picture

The Darkside of the Moon. It has Rumsfeld in it and everything; highly recommend! very convincing arguments.

Thu, 03/01/2012 - 16:36 | 2214228 RossE9
RossE9's picture

my classmate's mother makes $84 an hour on the internet. She has been fired from work for nine months but last month her pay was $19551 just working on the internet for a few hours. Read more on this web site .....

Thu, 03/01/2012 - 16:40 | 2214263 SteveGennisonBa...
SteveGennisonBallWasher's picture


Thu, 03/01/2012 - 16:45 | 2214299 hyper-critical
hyper-critical's picture

How does it work??!! That's pretty shit compared to what my classmate's mom could do scalping inter-exchange latency with an algo...

Thu, 03/01/2012 - 16:49 | 2214346 Bunga Bunga
Bunga Bunga's picture

So what's the web address of her pussy cam?

Thu, 03/01/2012 - 17:11 | 2214518 Turgid_Member
Turgid_Member's picture

And I know damn well you're making twice weekly trips
to the bus station to service urine scented strangers
in order to keep the internet connection on, in your
mothers basement.

Thu, 03/01/2012 - 17:37 | 2214658 JohnKozac
JohnKozac's picture

Is she Nigerian?.....

Thu, 03/01/2012 - 20:43 | 2215228 BigJim
BigJim's picture

$19551, huh?

That's a believably precise number.

Fri, 03/02/2012 - 04:05 | 2216122 AnAnonymous
AnAnonymous's picture

Has to be. Because it is well known, US citizens deserve every single cent they earn.

Thu, 03/01/2012 - 16:36 | 2214230 williambanzai7
williambanzai7's picture

Alfred E Obama

Thu, 03/01/2012 - 17:01 | 2214420 DaveyJones
DaveyJones's picture

I'm surprised you used words for that one

Thu, 03/01/2012 - 17:09 | 2214496 LongBallsShortBrains
LongBallsShortBrains's picture

Insulting cartoon characters like that scores you points in toon hell.

Thu, 03/01/2012 - 16:36 | 2214231 madcuban
madcuban's picture

that picture is pretty bright, considering its nighttime there right now....

Thu, 03/01/2012 - 16:38 | 2214242 tmosley
tmosley's picture

Holy shit.  It is, in fact, 20 minutes to midnight in SA right now, according to Google.

WTF is going on?

Thu, 03/01/2012 - 16:42 | 2214276 bdc63
bdc63's picture

... a 300 foot fireball would tend to light up the sky a bit ... just sayin ...

Thu, 03/01/2012 - 16:48 | 2214337 bob_dabolina
bob_dabolina's picture

Not that much

Thu, 03/01/2012 - 16:49 | 2214339 tmosley
tmosley's picture

That is true, but look at the areas under the bushes in the foreground.  If the fire was intense enough to light up the sky like it was dusk, it should be casting  a major shadow there.  Further, there is a highlight on the lamp-post rather than a shadow.

Clearly this was not taken in the last two hours.

But reading the actual story, the SA government seems to be claiming this is a wildfire and that it is a ways away from the pipeline.  THe new picture doesn't really look like it could be anything but a hydrocarbon fueled fire, though.

Thu, 03/01/2012 - 17:00 | 2214408 Conrad Murray
Conrad Murray's picture

DELETED: Mistake.

Thu, 03/01/2012 - 17:05 | 2214452 Strelok
Strelok's picture

What part of the video are you talking about? 

Thu, 03/01/2012 - 18:19 | 2214823 tmosley
tmosley's picture

Talking about the pictures.  Those were posted before the video.

Thu, 03/01/2012 - 16:41 | 2214265 eBuddha
eBuddha's picture

on another thread i questioned how long has this info been available and others trading on it - a few hrs ago when WTI touched $107?

is this what prompted nobama's speech earlier in the day?

the parking light is not even on in that photo.


Thu, 03/01/2012 - 17:08 | 2214479 tekhneek
tekhneek's picture

Here's a picture of a fire in the desert...

Just for shits and giggles.

Thu, 03/01/2012 - 16:42 | 2214280 alien-IQ
alien-IQ's picture

the picture is also very grainy which suggest a very high ISO on a digital camera...which would explain why it looks somewhat light outside.

no blue skies or sunlight shadow.

Thu, 03/01/2012 - 16:45 | 2214301 Biggvs
Biggvs's picture

Whatever the explanation, thumbs up for being observant.

Thu, 03/01/2012 - 16:58 | 2214401 LongSoupLine
LongSoupLine's picture



sand and ipads are very reflective...

Thu, 03/01/2012 - 16:37 | 2214236 alien-IQ
alien-IQ's picture

Meanwhile, Hugo Chavez is laughing his ass off!!

Thu, 03/01/2012 - 16:45 | 2214303 Clueless Economist
Clueless Economist's picture

he is laughing so hard that the gigantic cancerous tumor dropped out his butt

Thu, 03/01/2012 - 16:37 | 2214237 oogs66
oogs66's picture

Arab digest reports, Chinese economic data, or bls statistics. Which are more believable?

Thu, 03/01/2012 - 16:38 | 2214250 alien-IQ
alien-IQ's picture

would you prefer CNN or CNBC?

Thu, 03/01/2012 - 16:38 | 2214238 Genzero
Genzero's picture

And the eqty market doesnt even yawn.

Way to go Central Bankers. Fukkin A

Thu, 03/01/2012 - 16:47 | 2214311 LouisDega
LouisDega's picture

Exactly. Apples holding up well. Its all good. Now go home and eat.

Thu, 03/01/2012 - 16:39 | 2214249 firstdivision
firstdivision's picture

However, this attack will not disrupt their sand exports.

Thu, 03/01/2012 - 16:44 | 2214290 TideFighter
TideFighter's picture

Yeah, I saw that same fire about a klick away from my house. Their burning trees taken out for a new WalMart. Wag the Dog, Bitchez! 

Thu, 03/01/2012 - 16:45 | 2214300 AN0NYM0US
AN0NYM0US's picture

time for the SPR

Thu, 03/01/2012 - 16:47 | 2214327 Frank N. Beans
Frank N. Beans's picture

ZH has a correspondent in Qatif?  That is so cool!!!

Thu, 03/01/2012 - 16:52 | 2214362 Silver Dreamer
Silver Dreamer's picture

You expected something less from Fight Club?

Thu, 03/01/2012 - 16:49 | 2214340 Bunker Boy
Bunker Boy's picture

Anybody want to buy my Suburban? Will trade for cj-7 Jeep with machine gun mount or chevy volt. At least i"ll have a way to light my cigarette when it catches fire.

Thu, 03/01/2012 - 16:51 | 2214349 The 100 Trillio...
The 100 Trillion Dollar Man's picture

I think the Israelis just got clearance for a convenient flight path

Thu, 03/01/2012 - 16:52 | 2214361 q99x2
q99x2's picture

Time for them to invest in a nuclear plant.

Thu, 03/01/2012 - 16:54 | 2214378 ziggy59
ziggy59's picture

No blame on the Iranians listed yet? No one blown up found with Iranian passports, because the bomb hit a tree?

Thu, 03/01/2012 - 16:55 | 2214384 blunderdog
blunderdog's picture

Fuckin' Obama.  This never would've happened if Ronald Reagan were Preznit.

Thu, 03/01/2012 - 16:59 | 2214392 bob_dabolina
bob_dabolina's picture

Using the SPR for the purpose of lowering gas prices is ludicrous.

You're gona' take oil out that you paid probably $30 a barrel for and then you're going to have to REPLACE it with oil priced over $100.

The main point is that the oil needs to get replaced and that takes supply out of the market supporting higher prices anyway.

The SPR was designed for war purposes NOT manipulating the price of oil in an election year. It would in fact exasperate the problem

Thu, 03/01/2012 - 16:57 | 2214395 Scotch-n-Soda
Scotch-n-Soda's picture

Do they have marshmallows in Saudi Arabia? 

Thu, 03/01/2012 - 17:00 | 2214410 eBuddha
eBuddha's picture

absolutly fucking criminal

30 seconds before the close and the rumor is shown to be false.

now oil needs to sell off in zero liquidity

Thu, 03/01/2012 - 17:05 | 2214451 jmac2013
jmac2013's picture

ZH pumping lies and rumors?  Nah, I don't believe it.  This is a bastion of truth, didn't you know?

Thu, 03/01/2012 - 17:01 | 2214418 Diamond Jim
Diamond Jim's picture

who has the marshmallows and graham crackers ????

Thu, 03/01/2012 - 17:03 | 2214428 Biggvs
Biggvs's picture

Does that video show a lightning strike at 3:38?

Thu, 03/01/2012 - 17:03 | 2214435 bdc63
bdc63's picture

CNBC is now reporting that its not true ...

Thu, 03/01/2012 - 17:05 | 2214443 LULZBank
LULZBank's picture

IF it happened, it didnt happen at night, like now but way earlier.

Thu, 03/01/2012 - 17:05 | 2214449 monopoly
monopoly's picture

So not only do we get the real news first, but we get updates, photos, videos and maps to make sure we are clear on the exact location and the situation at hand.

Anyone here still think donating to Zero Hedge is not a good idea?

Money well spent. Period!

Thu, 03/01/2012 - 17:11 | 2214511 Conrad Murray
Conrad Murray's picture

Gauging interest, selecting date for ZH money bomb. Throw in your 2 grams here -

Ides of March Money Bomb does sound quite nice.

Thu, 03/01/2012 - 17:07 | 2214470 Cpl Hicks
Cpl Hicks's picture

Well, there goes our war against global warming.

Dang. We were making such good progress!

Thu, 03/01/2012 - 19:14 | 2214475 slewie the pi-rat
slewie the pi-rat's picture


it is just plumbing, imo

  • shut off two valves to isolate the section
  • let it burn out & cool
  • replace the pipe as needed
  • 5 days?  unless there is a religious holiday, of course
  • maybe this will "cause"  prez0 to sell off the strategic reserve
  • again

of copurse, if this is followed by 300 more problematic pipeline fires, one might interpret the propagananda differently

boy!  the sabres would rattle and the heads would roll, then!

  • religiously!

edit} hope this doesn't "paste" poorly} [this kind of "action" during the slow part of the year helps out goobermints collecting sales taxes;  follow [some of] the money

GASOLINE RBOB FUT (USd/gal.) 335.170 +9.450 +2.90%
Thu, 03/01/2012 - 17:29 | 2214615 zerozulu
zerozulu's picture

SA got more potholes than Manhattan.!!! Where all the OIL monsy is going?

Thu, 03/01/2012 - 20:31 | 2215202 Carmagnole
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Not in the Shiia neighborhoods, and in the pockets of the OILigarchs

Thu, 03/01/2012 - 18:08 | 2214786 krispkritter
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I was trying to pronouce the name of this place and this popped into my head: Looks like I picked the wrong week to quit sniffing glue. (The Zion's Sleep Well Tonight...)

Thu, 03/01/2012 - 18:47 | 2214920 New American Re...
New American Revolution's picture

Lot of sand out there, a big country.   Amazing that they haven't found oil all over the place out there.   Of course, getting aerial photo's to investigate oil formations is next to impossible.   Hey!  You don't imagine they're holding out on everyone here now, do you?   You don't think there is more oil in that vast desert than you can burn in a thousand years, do you?

LMFAO!!!   DO YOU!!!

You damn Skippy, dey r.   If the world knew how much oil was out there, the price would drop like a rock.   Why do you think we protect the House of Saud like we do.   Might we be sharing the same secret?   And I don't mean we, as in WE.   I mean as in THEM,... you know, those rotten mutherfuckers that have been skull fucking us blind with their convenient oil tax that makes them richer by the barrel.

Does anybody really think that out of all that land, there is only oil in this one spot.   Give me a fucking break.   That's pure bullshit, and if you think about if for more than a moment, you quickly realize just how much bullshit that really is.... at $110 per barrel and rising.

Thu, 03/01/2012 - 18:57 | 2214947 blunderdog
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Wishes are horses, which is why beggars ride.

Thu, 03/01/2012 - 21:12 | 2215305 Weisbrot
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Thu, 03/01/2012 - 21:11 | 2215306 Weisbrot
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most likely those that controll most of the oil thats already floating in tankers on the sea will profit big

Thu, 03/01/2012 - 22:09 | 2215448 zippy_uk
zippy_uk's picture

So - this is why QE * x^n is off... FOR NOW...

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