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 | 2213939 oogs66
oogs66's picture

Regularly scheduled deflation and stock market ramp

Thu, 03/01/2012 - 16:05 | 2213955 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

....everything is falling apart.

Thu, 03/01/2012 - 16:08 | 2213969 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 | 2214070 CClarity
CClarity's picture

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

Thu, 03/01/2012 - 16:20 | 2214076 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 | 2214101 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 | 2214122 Gully Foyle
Gully Foyle's picture

firstdivision

Cheech Marin?

Thu, 03/01/2012 - 16:32 | 2214183 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 | 2214257 Ahmeexnal
Ahmeexnal's picture

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

Thu, 03/01/2012 - 16:56 | 2214388 TruthInSunshine
TruthInSunshine's picture

Shit's gettin' real, yo.

Thu, 03/01/2012 - 17:07 | 2214472 knightowl77
knightowl77's picture

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

Thu, 03/01/2012 - 16:34 | 2214204 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 | 2214248 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 | 2214377 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 | 2214354 rqb1
rqb1's picture

mdb, yahoo message boards called, they want you back

Thu, 03/01/2012 - 17:53 | 2214734 JPM Hater001
JPM Hater001's picture

Slooow Clap

Thu, 03/01/2012 - 18:28 | 2214856 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 | 2214893 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 | 2214926 Flakmeister
Flakmeister's picture

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

Thu, 03/01/2012 - 19:02 | 2214964 Moe Howard
Moe Howard's picture

Sadly, no.

Thu, 03/01/2012 - 19:05 | 2214974 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 | 2214120 slewie the pi-rat
slewie the pi-rat's picture

get L0ST

Thu, 03/01/2012 - 16:27 | 2214142 akak
akak's picture

MillionDollarBonus is rapidly turning into TwoDollarAnus.

Thu, 03/01/2012 - 16:44 | 2214293 tekhneek
tekhneek's picture

Somebody overpaid for some Anus.

Thu, 03/01/2012 - 16:51 | 2214358 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 | 2214403 trav7777
trav7777's picture

your last john?

Thu, 03/01/2012 - 18:23 | 2214424 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 | 2214177 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 | 2215057 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 | 2215109 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 | 2214180 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 | 2214212 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 | 2214241 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 | 2214313 pufferfish
pufferfish's picture

First Class Trolling

Thu, 03/01/2012 - 19:39 | 2215067 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 | 2214595 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 | 2215141 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 | 2214095 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 | 2214100 JPM Hater001
JPM Hater001's picture

Market has turned down for first time today.

Thu, 03/01/2012 - 16:23 | 2214113 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 | 2214092 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 | 2214743 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 | 2214093 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 | 2214110 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 | 2214159 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 | 2215219 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 | 2214050 JPM Hater001
JPM Hater001's picture

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

Thu, 03/01/2012 - 21:01 | 2215280 akak
akak's picture

"Shit"

"made in China"

 

Brought to you by the Department of Redundancy Department.

Thu, 03/01/2012 - 17:43 | 2214687 non_anon
non_anon's picture

ha ha, including me, which will go first?

Thu, 03/01/2012 - 16:09 | 2213966 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!

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