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Saudi Oil Pipelines Destroyed In Explosion, Sends Crude Soaring

Tyler Durden's picture





 

Among the many factors responsible for the jump in WTI to just shy of $109 over the past hour, and Brent to new records in various currencies, is the following news reported so far only by Iranian PressTV: "An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province."

And some more from Arabian Digest:

Saudi Arabia's Eastern Revolution hits the oil sector: pipeline under fire

(photo of the pipeline under fire)

For the first time in decades, the Eastern Saudi Arabian volatile situation has reached the vital oil sector. A pipeline between Awamiya and Safwa has been reportedly targeted, and is under fire. Saudi Arabia's Shiite minority, mostly residing in the oil rich east, has been protesting for years against State sponsored discrimination. They are treated as second class citizens, denied public sector jobs, and vital development for their oil rich areas. Saudi Arabia's powerful Wahhabi religious establishment considers Shiites heretics, and constantly incites against them.

Security forces have killed two protesters in Awamiya, Eastern Saudi Arabia. They are launching a series of arrests and raids on houses, schools and mosques.
This is Awamiya this evening, protesters have blocked the Police road after arrests in the town.

And now back to your regularly scheduled deflation.

 


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Thu, 03/01/2012 - 16:03 | Link to Comment oogs66
oogs66's picture

Regularly scheduled deflation and stock market ramp

Thu, 03/01/2012 - 16:05 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

....everything is falling apart.

Thu, 03/01/2012 - 16:08 | Link to Comment I think I need ...
I think I need to buy a gun's picture

not a word on cnbs while i work about this.......i guess they'll have the story tomorrow 24 hours later if at  all.....

Thu, 03/01/2012 - 16:20 | Link to Comment CClarity
CClarity's picture

$110.25 . . . while CNBC prattles on about retail projections on clothing

Thu, 03/01/2012 - 16:20 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

I GUARENTEE that this is the work of those Iranian inbreeds. For Christ sake, when is somebody going to stand up to these terrorists!? What happened to the America that went after Sadam Hussein for 9/11? What happened to our strong, no-nonsense approach to trouble makers? America has lost its way folks.

Thu, 03/01/2012 - 16:22 | Link to Comment firstdivision
firstdivision's picture

You are retarded.  Name one terriorist from Iran that flew a plane into the WTC.

Thu, 03/01/2012 - 16:25 | Link to Comment Gully Foyle
Gully Foyle's picture

firstdivision

Cheech Marin?

Thu, 03/01/2012 - 16:32 | Link to Comment ilion
ilion's picture

One thing is sure guys, oil at 110 is super bullish for the US economy!

Thu, 03/01/2012 - 16:39 | Link to Comment Ahmeexnal
Ahmeexnal's picture

House of Saud shouldn't have stepped on that Shiite.

Thu, 03/01/2012 - 16:56 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Shit's gettin' real, yo.

Thu, 03/01/2012 - 17:07 | Link to Comment knightowl77
knightowl77's picture

Now that was funny - I don't care who you are

Thu, 03/01/2012 - 16:34 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Why? The point is that following 9/11 we took swft action against Sadam Hussein and won the hearts of the Iraqi people. Since then, there hasn't been a single significant terrorist attack. I call that a success. 

Thu, 03/01/2012 - 16:39 | Link to Comment JPM Hater001
JPM Hater001's picture

It's cute when we are waiting for a collapse and talking about lying bankers and manipulated markets man- but people died in all of those and that's not cool.

 

Just stop.

Thu, 03/01/2012 - 16:54 | Link to Comment TheSilverJournal
TheSilverJournal's picture

Many more people will be hurt when the dollar collapses. It's not a game.

TheSilverJournal.com

Thu, 03/01/2012 - 16:51 | Link to Comment rqb1
rqb1's picture

mdb, yahoo message boards called, they want you back

Thu, 03/01/2012 - 17:53 | Link to Comment JPM Hater001
JPM Hater001's picture

Slooow Clap

Thu, 03/01/2012 - 18:28 | Link to Comment noses
noses's picture

Won the hearts? Only by cutting them out of the people alive. Of course – that's why any foreigner there needs body guards all the time.

Thu, 03/01/2012 - 18:39 | Link to Comment SilverTech
SilverTech's picture

Wow, there's not a molecule of truth in your entire statement.

1. Saddam Husssein had nothing to do with 9/11. (Nor did the supposed hijackers, except as patsies)  That was never the excuse for invading Iraq. Remember? We had to invade to stop Saddam from developing WMDs (of which none were ever found). Have you been smoking reefer again? Maybe it's PCP, reefer can't cause this level of brain damage.

2. "Won the hearts of the Iraqi people". That's just ludicrous.

Thu, 03/01/2012 - 18:49 | Link to Comment Flakmeister
Flakmeister's picture

Buddy... don't you know when your chain is being pulled?

Thu, 03/01/2012 - 19:02 | Link to Comment Moe Howard
Moe Howard's picture

Sadly, no.

Thu, 03/01/2012 - 19:05 | Link to Comment killallthefiat
killallthefiat's picture

Thank goodness for MDB.  ZH used to be sarcastic and witty and this is all that is left.  I look forward to your posts. +1

Thu, 03/01/2012 - 16:24 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

get L0ST

Thu, 03/01/2012 - 16:27 | Link to Comment akak
akak's picture

MillionDollarBonus is rapidly turning into TwoDollarAnus.

Thu, 03/01/2012 - 16:44 | Link to Comment tekhneek
tekhneek's picture

Somebody overpaid for some Anus.

Thu, 03/01/2012 - 16:51 | Link to Comment akak
akak's picture

Not only that, but they left with anal herpes --- the gift that keeps on giving.

Thu, 03/01/2012 - 16:58 | Link to Comment trav7777
trav7777's picture

your last john?

Thu, 03/01/2012 - 18:23 | Link to Comment akak
akak's picture

Taking a break from hating on the inferior races and silver owners today, Bob?  Slow day at the Center for Non-Caucasian Euthanasia?  Is the Stormfront website down for maintenance again?  No silver-related ZH articles in which to spread your spittle-flecked hatred of silver and its advocates?  One might almost pity you.

Thu, 03/01/2012 - 16:31 | Link to Comment Mad Max
Mad Max's picture

At long last, finally, the sarcasm is starting to be visible.

 

Unfortunately it isn't funny or informative.

Thu, 03/01/2012 - 19:36 | Link to Comment thatthingcanfly
thatthingcanfly's picture

Agreed. MDB's uber-sarcasm was funny for a while. But it's grown stale. One wonders if he actually has anything constructive to contribute.

Thu, 03/01/2012 - 19:54 | Link to Comment akak
akak's picture

I stopped wondering a long time ago, having concluded that he indeed has nothing constructive to contribute.

Thu, 03/01/2012 - 16:33 | Link to Comment Colombian Gringo
Colombian Gringo's picture

No, MDB, America is finding its way back after more than 12 years of war wasting trillions killing brown people while those dependent on food stamps are at an all time high.  Besides, as a zionist stooge, why do you care if shiites and sunnis kill each other? In your world view, isn't a dead arab a good arab?

Thu, 03/01/2012 - 16:34 | Link to Comment earleflorida
earleflorida's picture

It's not that america has lost its ways,... it's just that the world has been, "Twitterized", and has finally cancelled their subscription's to the "MSM Liar's Club"! 

Thu, 03/01/2012 - 16:38 | Link to Comment WillyGroper
WillyGroper's picture

>>>What happened to the America that went after Sadam Hussein for 9/11?

 

It succumbed to fascism.

Thu, 03/01/2012 - 16:46 | Link to Comment pufferfish
pufferfish's picture

First Class Trolling

Thu, 03/01/2012 - 19:39 | Link to Comment socalat_Kruger's
socalat_Kruger's's picture

problem is MDB clogs up the comment section with replies, don't get to hear any informative whispers on whats really going on... just noise.

Thu, 03/01/2012 - 17:24 | Link to Comment Matt
Matt's picture

It's as if god was playing Easter Bunny and buried treasure all over the world for us to find and dig up, then the devil went around after him, putting ethnic minorities on top of OUR resources. /sarc

Thu, 03/01/2012 - 20:05 | Link to Comment Dionysus
Dionysus's picture

Sarcasm does not typically translate well over text, but this is positively dripping with it.  Brilliant!

Thu, 03/01/2012 - 16:21 | Link to Comment JPM Hater001
JPM Hater001's picture

There is a breaking news box about crude over 110 but nothing about why.

Thu, 03/01/2012 - 16:22 | Link to Comment JPM Hater001
JPM Hater001's picture

Market has turned down for first time today.

Thu, 03/01/2012 - 16:23 | Link to Comment JPM Hater001
JPM Hater001's picture

And one better, CNBC said "Maybe it's time to take some profits..." on your oil...

I dont think so.  I think I would hold

Thu, 03/01/2012 - 16:22 | Link to Comment SilverRhino
SilverRhino's picture

You will see it at the gas pump faster than the news programs. 

I wouldnt be surprised to see gas spike $.50 / gallon in the next few hours.

Thu, 03/01/2012 - 17:54 | Link to Comment JPM Hater001
JPM Hater001's picture

I just filled both cars and 5 gas cans.  No use waiting I figure. 

Thu, 03/01/2012 - 16:22 | Link to Comment john39
john39's picture

there is a reason that PressTV got banned from broadcasting television in the UK....  too much truth.  RT is probably next.   Other than this site, those two other sites about the only place to get "news" these days with any degree of confidence that the news isn't entirely made up.

Thu, 03/01/2012 - 16:24 | Link to Comment bdc63
bdc63's picture

CNBC doesn't "report" (and I use that word loosely) anything until the Associated Press puts it out.

Actually, I seriously question if "news" (and again, I use that word loosely) organizations actually even still employ people who investigate anything anymore ... it's nothing but info babes reading telepromters full of whatever the Associated Press tells them is newsworthy.

Quite the sad state of afairs.  Thank God for the internet.

Thu, 03/01/2012 - 16:29 | Link to Comment bdc63
bdc63's picture

the info babes are finally reporting the "fire" ... a full 30 minutes after the Tylers got there story up ...

Thu, 03/01/2012 - 20:38 | Link to Comment Buck Johnson
Buck Johnson's picture

They where told not to say anything about this.  Because it would have shot the price of oil up even higher if they talked about it.

Thu, 03/01/2012 - 16:19 | Link to Comment JPM Hater001
JPM Hater001's picture

And the shit made in China is falling apart twice as fast.

Thu, 03/01/2012 - 21:01 | Link to Comment akak
akak's picture

"Shit"

"made in China"

 

Brought to you by the Department of Redundancy Department.

Thu, 03/01/2012 - 17:43 | Link to Comment non_anon
non_anon's picture

ha ha, including me, which will go first?

Thu, 03/01/2012 - 16:09 | Link to Comment Pladizow
Pladizow's picture

Saudi stating in main stram media that it would pick up production caused by any Iranian disruptions, needs a reason - other then PEAK OIL, as to why it cant meet demand. So it false flags itself and now has the excuse!

Thu, 03/01/2012 - 16:11 | Link to Comment MsCreant
MsCreant's picture

Maybe...

Thu, 03/01/2012 - 16:17 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Aside from butchering the wording on that little rant I assure you that isn't the reason.

Perhaps the little book-burning taunt is getting a little blowback? Don't know, but seeing you were looking for something plausible...

Thu, 03/01/2012 - 16:17 | Link to Comment earnyermoney
earnyermoney's picture

Nah. SA's oil fields lie in predominately Shite areas. Easy for Iran to infiltrate this area. This was a message to the Sunnis and the West.

Thu, 03/01/2012 - 16:19 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

The tide is turning, and so fast!

Thu, 03/01/2012 - 18:50 | Link to Comment SilverTech
SilverTech's picture

Could be... But either way it doesn't matter. If Iran didn't sponsor this attack it still shows how easy it would be to spike Saudi oil production. What's harder to defend than an oil pipeline? They're hundreds of miles long and a single RPG puts the whole pipeline out of service.

If the US attacks Iran, the world economy, which has been circling the drain, is going to get sucked down the drain with a loud slurping noise.

Thu, 03/01/2012 - 16:15 | Link to Comment American34
American34's picture

That picture of a pipeline on fires is crap! Oil burns and emmits BLACK smoke not brown. Anyone remember Gulf War I, Kuwaiti oil field fires...

Thu, 03/01/2012 - 16:20 | Link to Comment SilverRhino
SilverRhino's picture

Sure does.   I was smack in the middle of that shit.  

Pitch black in a desert at 1400 in the afternoon has to be seen to be believed.  

Thu, 03/01/2012 - 16:34 | Link to Comment Mad Max
Mad Max's picture

Crude oil at the wellhead has tons of crap in it, especially water and salt.

Crude oil in a pipeline will have gone through a gas/oil separator plant and is already somewhat more refined - it's still crude, but it's just oil, not a frothy mix of oil, gas, water, and salt.

I'm not an expert but I could believe that the two liquids would burn differently with different smoke.

Thu, 03/01/2012 - 16:30 | Link to Comment ilion
ilion's picture

This explosion is a joke! Look at the pictures, jeez! This news was only created to take crude up to 110 and to push out all the stops there. Pathetic. We're going down from here.

Thu, 03/01/2012 - 17:17 | Link to Comment ilion
ilion's picture

Oil is now down from 110 of 46 min ago to 109. I just made a 1000 USD per contract only thanks to Armada Markets alert service. It really pays to listen to guys who actually know their shit. Off to cold beer now!

Thu, 03/01/2012 - 16:04 | Link to Comment Moneyswirth
Moneyswirth's picture

Sabotage BITCHEZ!

Thu, 03/01/2012 - 16:14 | Link to Comment Motorhead
Motorhead's picture

LMAO....this fucking Web site is a riot.  Thanks, TD.  And, yes, back to your regularly scheduled deflation.  LOL.

Thu, 03/01/2012 - 16:21 | Link to Comment zapdude
zapdude's picture

Listen all y'all its a SABOTAGE!

WAAAAAHHHHHHH!

http://www.youtube.com/watch?v=z5rRZdiu1UE

Good times.

Thu, 03/01/2012 - 16:04 | Link to Comment flyonmywall
flyonmywall's picture

Those security forces are working real well, aren't they?

 

Thu, 03/01/2012 - 16:17 | Link to Comment Silver Dreamer
Silver Dreamer's picture

Were there any sightings of white vans and dancing men next to them after the explosion?

Thu, 03/01/2012 - 16:04 | Link to Comment RSloane
RSloane's picture

I just read an article about that whose link was posted in another thread. The 'investigation' and its aftermath will be interesting.

Thu, 03/01/2012 - 16:04 | Link to Comment Gringo Viejo
Gringo Viejo's picture

The unraveling accelerates................

Thu, 03/01/2012 - 16:09 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

So the House of Saud is out. At least we still have control in Qatar! That's right Cutter is all ours so... um... don't fret.

Thu, 03/01/2012 - 16:20 | Link to Comment Iwanttoknow
Iwanttoknow's picture

Used to Gutter in Gulf war I.

Thu, 03/01/2012 - 16:05 | Link to Comment firstdivision
firstdivision's picture

Iran is playing with headline reading algos.  Well played!

Thu, 03/01/2012 - 16:20 | Link to Comment tarsubil
tarsubil's picture

Haha, it's a trap!

Almost fell for this one. Not buying yet. 

Thu, 03/01/2012 - 16:04 | Link to Comment American34
American34's picture

OK, anyone know how often this kind of things happens to the Sauds because I cannot remember the last time this occurred?

Thu, 03/01/2012 - 16:13 | Link to Comment earnyermoney
earnyermoney's picture

LOL. Proxy war bitchez. Sunni Arab nations and the West turn up the heat on Iran in Syria. This is a limited Iranian response. What were you saying about the Straits of Hormuz?

Thu, 03/01/2012 - 16:05 | Link to Comment alien-IQ
alien-IQ's picture

Once this news hits the MSM, we'll blast past $110 in a fuckin nanosecond.

Thu, 03/01/2012 - 16:15 | Link to Comment firstdivision
firstdivision's picture

It's those damn speculators fault.

 -Obama

Thu, 03/01/2012 - 16:15 | Link to Comment alien-IQ
alien-IQ's picture

and here we go... 109.925 and climbing

Thu, 03/01/2012 - 16:19 | Link to Comment alien-IQ
alien-IQ's picture

110.30

 

25 seconds later....110.55...

 

Thu, 03/01/2012 - 16:09 | Link to Comment Al Huxley
Al Huxley's picture

Not to worry, the Saudis will make up for any global shortfall in production related to this... oh, wait a second...

Thu, 03/01/2012 - 16:14 | Link to Comment Motorhead
Motorhead's picture

I'll have to check BAC price as well.

Thu, 03/01/2012 - 16:10 | Link to Comment Flakmeister
Flakmeister's picture

I can't get any info on the pipeline affected...

Thu, 03/01/2012 - 16:20 | Link to Comment Global Hunter
Global Hunter's picture

according to wiki 2 million boe/day passes through the town

Thu, 03/01/2012 - 16:42 | Link to Comment Flakmeister
Flakmeister's picture

Well done... the fact that it is on the way to Ras Tanura is the real news...

Thu, 03/01/2012 - 16:09 | Link to Comment besodemuerte
besodemuerte's picture

This is bullish.  After all, we're just a sand wedge/chip shot away from Nasdaq 3000 and DOW 13000.

 

Long MNST, NFLX, GRPN hurr durr...what a fucking joke.

Thu, 03/01/2012 - 16:10 | Link to Comment eBuddha
eBuddha's picture

any chance this is why nobama had his little "we will do anything/everything to keep the price of oil down" speech earlier today.

wonder what time this actually happened, perhaps several hours and dollars ago in the price of crude and we get to find out now about this?

Thu, 03/01/2012 - 16:44 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

That's just jawboning fear of an SPR release.

Truth is they are terrified of doing an SPR release, because any amount they could release is small.  If they were to do it, and see no effect, that bullet is denied them forevermore in the future.

Thu, 03/01/2012 - 16:11 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Two men shouting: "Long live the Ayatollah," were seen leaving the scene.

Thu, 03/01/2012 - 16:11 | Link to Comment Jason T
Jason T's picture

Check ouf @#$@ing stocks of motor gasoline.. and 3 refinery's closing.. we'll have gas lines by the summer.  

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGFSTUS1&f=W

 

 

Thu, 03/01/2012 - 16:33 | Link to Comment Flakmeister
Flakmeister's picture

You are only looking at one component

Try this for a sample of the various inputs...

http://www.eia.gov/dnav/pet/pet_stoc_typ_d_nus_SAE_mbbl_m.htm

The relevevant total can be found here

http://www.eia.gov/oog/info/twip/twip.asp#

229 million barrels or so....

Things get dicey when it gets to 180 or so nationally, but each PADD district has its quirks...

Thu, 03/01/2012 - 16:47 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Parenthetical Flakdood, scope Drumbeat comments of a few days ago.

Did you know that the All Liquids bullshit for "US Oil Production" includes a full 1 mbpd of refinery gain AND  . . . they include the gain from refining imports, even if they ship the gasoline back overseas.

In comes 1 barrel of crude to a refinery.  Out comes 1.2 or whatever barrels of gasoline (because it's lighter, the volume expands), and THEY COUNT THAT AS US OIL PRODUCTION, even if the oil came from fucking Venezuela.

There is such monumental lying going on in so many different areas that it is mind boggling.

Thu, 03/01/2012 - 16:57 | Link to Comment Flakmeister
Flakmeister's picture

Yeah... I've known about that sleight of hand for a while..

Buddy above did not get the whole picture about the gasoline chain...

Thu, 03/01/2012 - 17:05 | Link to Comment trav7777
trav7777's picture

orly?  no shit huh?  What's next, you're going to tell me that EIAs projections of 217mbpd in 2035 are bullshit too?

YOU JUST WORSHIP BALE

Thu, 03/01/2012 - 18:26 | Link to Comment akak
akak's picture

It's "Baal", you fucking silver-hating racist idiot.

Thu, 03/01/2012 - 16:11 | Link to Comment dwdollar
dwdollar's picture

Don't worry, Ben Shalom can control inflation in a microsecond.

Thu, 03/01/2012 - 16:14 | Link to Comment MsCreant
MsCreant's picture

Can't paper over a fire, can you?

Thu, 03/01/2012 - 17:16 | Link to Comment The Disappointed
The Disappointed's picture

That's not WTC7, is it? It would explain why the building 'fell'.

Thu, 03/01/2012 - 16:23 | Link to Comment zapdude
zapdude's picture

Chairsatan cannot print oil.  Or gold, thank god.

Thu, 03/01/2012 - 16:12 | Link to Comment alien-IQ
alien-IQ's picture

Cue some monkey on CNBC to tell everyone how this is Bullish for AAPL stock.

Thu, 03/01/2012 - 16:14 | Link to Comment dwdollar
dwdollar's picture

<algo_scraper>Iran claims responsibility.</algo_scraper>

Read this algo ===>Iran claims responsibility.<===

Thu, 03/01/2012 - 16:14 | Link to Comment monopoly
monopoly's picture

Right, everything falling apart yet for us it is all coming together.

Thu, 03/01/2012 - 16:15 | Link to Comment magpie
magpie's picture

SPR, bitchez

Thu, 03/01/2012 - 16:16 | Link to Comment kito
kito's picture

thank the Good Lord i have my garbage fueled delorean.......

Thu, 03/01/2012 - 16:19 | Link to Comment ElvisDog
ElvisDog's picture

Do you get 1.5 Gigawatts per gallon?

Thu, 03/01/2012 - 16:22 | Link to Comment alien-IQ
alien-IQ's picture

check the trunk for the 2kilo rebate:-)

Thu, 03/01/2012 - 16:17 | Link to Comment tmosley
tmosley's picture

There was never any possible way to avoid this explosion.  It was caused by Peak Oil.

Thu, 03/01/2012 - 16:25 | Link to Comment akak
akak's picture

Too bad the world is not similarly facing Peak Fundamentalism anytime soon.

Thu, 03/01/2012 - 17:06 | Link to Comment trav7777
trav7777's picture

Sure is peak stupid with you two morons on the case

Thu, 03/01/2012 - 17:12 | Link to Comment akak
akak's picture

Don't you have a cross to burn somewhere, Bob?

Thu, 03/01/2012 - 17:57 | Link to Comment Matt
Matt's picture

If only we had spent more on technology to prevent ethnic and religious minorities from interfering with our resources. Solutions to these kinds of problems are just around the corner.

Thu, 03/01/2012 - 16:19 | Link to Comment firstdivision
firstdivision's picture

And boom goes the WTI

BREAKING

 

Oil keeps on going up after hours, at $109.81

Thu, 03/01/2012 - 16:25 | Link to Comment The Swedish Chef
The Swedish Chef's picture

Cue blame on it´s way to Teheran in 3, 2, 1...

Thu, 03/01/2012 - 16:21 | Link to Comment Gene8696
Gene8696's picture

Long WTI in October 2011 @ $75... Fuck,n brilliant news. Now lets have a fight in Iran.

Thu, 03/01/2012 - 16:20 | Link to Comment MsCreant
MsCreant's picture

I know it isn't a perfect match, but I got my Clash on:

Rock The Casbah

http://www.youtube.com/watch?v=U4HPdWYwgyw

Thu, 03/01/2012 - 16:22 | Link to Comment Uncle Remus
Uncle Remus's picture

Summabee won't stream in Germany.

Thu, 03/01/2012 - 16:34 | Link to Comment Motorhead
Motorhead's picture

So ein Scheiss.

Thu, 03/01/2012 - 16:47 | Link to Comment Uncle Remus
Uncle Remus's picture

What can I say. Some kinda copyright thing.

Thu, 03/01/2012 - 17:08 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Gasoline/diesel @ $5 let alone $10 a gallon won't matter as peple wait in line to buy iPad HDs and LULU outfits.

Yelp is going to be an easy triple on IPO Friday.

James Altucher was way too conservative with his end of year Dow 20,000 call.

 

<I was missing Robotard>

 

There's a wild wind blowing down the corner of my street

Every night there the headlights are glowing

There's a cold war coming on the radio, I heard

Baby, it's a violent world

Thu, 03/01/2012 - 16:39 | Link to Comment Uncle Remus
Uncle Remus's picture

Iran, Israel - keep'em separated.

https://www.youtube.com/watch?v=Vs0OSasQYgA

Thu, 03/01/2012 - 16:20 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

Good thing we don't use any of that 'oil' stuff...

Thu, 03/01/2012 - 16:20 | Link to Comment Uncle Remus
Uncle Remus's picture

Burn baby, burn.

Thu, 03/01/2012 - 16:20 | Link to Comment object_orient
object_orient's picture

When does NATO jump in to help the oppressed Shiite minority?

Thu, 03/01/2012 - 16:21 | Link to Comment Motorhead
Motorhead's picture

Hmmm, now the US Army has a good enough fire to burn some more Korans.  And if they really want to rub it in, how about a few hot dogs on a stick.

Thu, 03/01/2012 - 16:21 | Link to Comment BlackholeDivestment
BlackholeDivestment's picture

...is it September in March? ..well leaping lizards. http://www.youtube.com/watch?v=v-9XgUxlsto&feature=related

Thu, 03/01/2012 - 16:21 | Link to Comment Randall Cabot
Randall Cabot's picture

BREAKING From CBSMarketwatch:

3:16p

Oil keeps on going up after hours, at $109.81

http://www.marketwatch.com/story/newsviewer

 

Thu, 03/01/2012 - 16:23 | Link to Comment Hangfire
Hangfire's picture

I see someone parked their Chevy Volt too close to the pipeline.  i guess the lessons learned from the Pinto was lost in the Saud as they were still driving spitters back then.      

Thu, 03/01/2012 - 16:27 | Link to Comment Motorhead
Motorhead's picture

LMFAO

Thu, 03/01/2012 - 16:24 | Link to Comment solgundy
solgundy's picture

FANTASTIC........terrorism hitting the financial home of all arab terroism.......

Thu, 03/01/2012 - 16:30 | Link to Comment Joe Davola
Joe Davola's picture

Sometimes I think they sponsor just to keep up their "Middle East Cred".  With the added benefits of knowing who to smack down if it blows back on them, or who to "give up" to the western world when negotiating time rolls around.

Thu, 03/01/2012 - 16:24 | Link to Comment Joe Davola
Joe Davola's picture

Pretty sure Haliburton owns Red Adair's company these days.  Long Haliburton!

Thu, 03/01/2012 - 16:28 | Link to Comment AbruptlyKawaii
AbruptlyKawaii's picture

oily swan? nahhhhhhhhhhhhhhhhhhhh you coudlnt see this cumin u cant see shit u are shit hit the bricks pal cause u r going out!

Thu, 03/01/2012 - 16:28 | Link to Comment PaperBear
PaperBear's picture

Are they going to blame those evil speculators ?

Thu, 03/01/2012 - 16:31 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

nothing!

a pipeline is easily repaired in a few days

trust me!

but, oh!  the sabre-rattling to go with this! 

what a joke!  i was just thinking:  isn't it abt time for something about "iran"

L0L!!!

Thu, 03/01/2012 - 16:34 | Link to Comment Spigot
Spigot's picture

IMO we will be hearing of ever more "instability" of Arab oil supply anywhere Shiites can be used to stage incidents against oil infrastructure. Iran will assure that course as prelude to WW3.

Thu, 03/01/2012 - 18:02 | Link to Comment Matt
Matt's picture

I think you have it backwards. It is America that wants WW3 or preferably Cold War 2. Iran is doing what it can to prevent war, by showing the economic impacts of expensive, limited oil and by demonstrating their ability to affect production outside their own country.

Thu, 03/01/2012 - 16:35 | Link to Comment There is No Spoon
There is No Spoon's picture

since everyone's expecting war in Iran the black swan event would be civil war in Saudi Arabia

Thu, 03/01/2012 - 16:36 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Who could have forseen that KSA would have trouble hitting production targets?  Who could have foreseen that problems in KSA would be sufficient to smash things?  Were supply "awash" as is so often claimed, we would not care about a measly 2 milloin bpd, would we?

Thu, 03/01/2012 - 16:43 | Link to Comment Flakmeister
Flakmeister's picture

The plot thickens...

Thu, 03/01/2012 - 16:38 | Link to Comment larry david
larry david's picture

I promise I love zh more than apple pie but I disagree with this article's title.  Priced in silver, crude is down today. What is causing the huge spike in silver? No explosions at silver mines....one word baby: PRINTING!!!

Thu, 03/01/2012 - 16:41 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Oil feeds you.

Silver does not.

Thu, 03/01/2012 - 18:05 | Link to Comment Matt
Matt's picture

Sabre-rattling is bullish for silver; just think how many tons will be vaporized as missle components if a major war breaks out. Since drones can be hacked, it's all about long range missles now. That and fast-attack boats.

Thu, 03/01/2012 - 16:47 | Link to Comment tekhneek
tekhneek's picture

LIBERATE ZE OILZ!

Thu, 03/01/2012 - 16:47 | Link to Comment Trader47
Trader47's picture

Iranians just testing the fireworks for their New Year,, 20th March,, Heads up Saudi Twats,, 150 by June, so more cheap hookers for this bunch of comatosed bitchez

 http://www.farsinet.com/noruz/hajifiruz2.html
Thu, 03/01/2012 - 16:50 | Link to Comment centurain
centurain's picture

This is where Shiite dominated Iran goes to help the Shiite people in Saudi Arabia which is our ally.  This is how the war will start

Thu, 03/01/2012 - 17:20 | Link to Comment Al Capowned
Al Capowned's picture

Million Dollar - This is hands down your best ever post laughed so hard I spat my drink out!! Genius!

 

I GUARENTEE that this is the work of those Iranian inbreeds. For Christ sake, when is somebody going to stand up to these terrorists!? What happened to the America that went after Sadam Hussein for 9/11? What happened to our strong, no-nonsense approach to trouble makers? America has lost its way folks

Thu, 03/01/2012 - 18:09 | Link to Comment LULZBank
LULZBank's picture

And there are others who are sarcasmically challenged.

Thu, 03/01/2012 - 18:17 | Link to Comment Piranhanoia
Piranhanoia's picture

It was the hectaboogle from soBnoZ that blew it up.  They're coming with fake euro's, greenies, gold, silver and doinminum to turn on the stabeeleetee engines they hid here in the oceans near great beaches with primo surfing and excelent bars.

Thu, 03/01/2012 - 23:32 | Link to Comment rsnoble
rsnoble's picture

Just think, if the US wasn't hellbent on Global Gobble we wouldn't be having these fucking problems. It's a few thousand rich fucks against the rest of the world you stupid assholes.....you aren't going to fucking win.

Sat, 03/03/2012 - 01:05 | Link to Comment q5251355
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