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[gehringer_2]

7 minutes ago, Screwball said:

In prior years this would be the **** hitting the fan

Curious report about a strike at a Saudi refinery. The Iranians said they called the Saudis to deny it was them. So that then, the Houthi's just doing their buddies a favor unbidden? 

[Screwball]

Just now, gehringer_2 said:

Curious report about a strike at a Saudi refinery. The Iranians said they called the Saudis to deny it was them. So that then, the Houthi's just doing their buddies a favor unbidden? 

Who knows? False flag, crazy people, planned strike?

I could believe anything. I trust nobody.

[Tigeraholic1]

2 minutes ago, Screwball said:

What we don't produce ourself we import. From 2023, but probably not much different today;

When oil prices didn't go nuts today I thought about the above. The straight doesn't mean much to us. But at the same time, Brent crude, which will have a bigger impact on that part of the world, didn't go nuts either.

Most of Iran's oil goes to China, which is probably why the straight is still open (there are reports this isn't true as well). You need money to fight a war, and oil is money.

You can't print it either. :-)

Having redirected Venezuelan oil is a game changer in that respect. Trump admin knew this needed to happen before attacking Iran.

 

[gehringer_2]

22 hours ago, Screwball said:

I wonder if they still stick the tanks?

In a long past life I remember sticking tanks with water visualizer applied at the end to check for leaks. Water would turn the treated stick purple.  If it was over 1" we were supposed to pump the water out. Who ever thought putting thin wall steel tanks in the ground was a good idea.......

Edited 1 hour ago by gehringer_2

[gehringer_2]

27 minutes ago, Tigeraholic1 said:

Having redirected Venezuelan oil is a game changer in that respect. Trump admin knew this needed to happen before attacking Iran.

 

Unfortunately you are comparing apples to oranges here. The increase in Vz exports from Jan to Feb was approx 300,000 bpd (the take-up of one medium large refinery). The petroleum at risk transiting the Straight of Hormuz totals approximately 21,000,000 bpd. Vz increase is literally a spit in the ocean.

I've seen estimates that maybe 1/3 of the tanker volume could be diverted to pipeline. That still leaves a 14MBPD shortfall at risk.

In it's heyday 30 yrs ago, Vz never produced more than about 3 MBPD

Edited 1 hour ago by gehringer_2

[Screwball]

24 minutes ago, gehringer_2 said:

In a long past life I remember sticking tanks with water visualizer applied at the end to check for leaks. Water would turn the treated stick purple.  If it was over 1" we were supposed to pump the water out. Who ever thought putting thin wall steel tanks in the ground was a good idea.......

Yes, I remember that too. I worked at a station on the edge of town. Open field to the West. 6 am, cold as ****. Had to take the cap off, which had a padlock. Froze in winter. So fun. Junior in high school.

Went through the oil embargo of 73-74. Had to ration gas. Not on the bingo card. We had cars lined up down the street.

What's crazy...Before that happened that year, there was a huge concert somewhere around here out in the sticks. Big name bands. When I went to work on Sunday morning the place was full, even parked along the streets to get in. I opened the door, called my boss and said - get the hell out here. What a zoo.

I got to meet and talk to the guys from Brownsville Station. That was super off the charts cool, and I did smoke in the boys room.