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09-14-2019, 11:41 AM
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Join Date: Sep 2012
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$100 oil
Guys, dust off your resume's. Yemen just hit two Saudi Aramco refineries with 10 drones. It took out 5% of world oil production or 5 million barrels. We will need Alberta's oilsands oil to supply the world. Major world tragedy but will obviously stimulate our oil production. Fill your gas tanks as price will be going skyward.
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09-14-2019, 11:49 AM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,312
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That would do it
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Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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09-14-2019, 11:50 AM
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Join Date: Jul 2013
Posts: 290
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Quote:
Originally Posted by Big Grey Wolf
Guys, dust off your resume's. Yemen just hit two Saudi Aramco refineries with 10 drones. It took out 5% of world oil production or 5 million barrels. We will need Alberta's oilsands oil to supply the world. Major world tragedy but will obviously stimulate our oil production. Fill your gas tanks as price will be going skyward.
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Did Yemen or....was it a third party "false flag"to drive prices up and stimulate production elsewhere?
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09-14-2019, 11:54 AM
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Join Date: Oct 2009
Location: Calgary
Posts: 1,507
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Link to sources?
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09-14-2019, 11:54 AM
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Join Date: Dec 2009
Posts: 10,258
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Quote:
Originally Posted by Jason Bourne
Did Yemen or....was it a third party "false flag"to drive prices up and stimulate production elsewhere?
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Where's Premier Kenney?
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Alberta Fish and Wildlife Outdoor Recreation Policy -
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09-14-2019, 11:54 AM
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Join Date: May 2007
Location: Ft. Saskatchewan, AB
Posts: 498
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I live about 2 1/2 hours away from where the hit was. Not much being said about it over here yet. It did affect our plant rates though.
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Aim Small Miss Small
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09-14-2019, 11:54 AM
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Join Date: Sep 2012
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Aramco being the most profitable world company with annual revenue of $356 billion, you may want to sell your stock as will be a few years before the two refineries will be rebuilt.
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09-14-2019, 11:58 AM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,312
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Quote:
Originally Posted by nick0danger
Link to sources?
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Google
__________________
Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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09-14-2019, 12:02 PM
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Join Date: May 2016
Location: Parkland County
Posts: 2,390
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Some speculating Saudi’s did it themselves to bolster oil price for Aramco IPO. Some saying that’s ridiculous because of the risk and vulnerability this shows that it will hurt.
Nothing confirmed on 5m b/d going offline though. Extent of damage still unknown.
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Bet the best when you know you got 'em.
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09-14-2019, 12:02 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,182
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CBC has coverage as does BBC if you really want sources.
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09-14-2019, 12:21 PM
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Join Date: Aug 2007
Location: Calgary
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That satellite shot showing the dark smoke plumes from 4 'small' fires and one large fire tells a lot of the story. Those facilities must be rather widely dispersed by the look of that image.
Gee, it sure would be nice to have some extra pipeline capacity to allow Canada to benefit from this. Flipping horde of zombie incompetents we have at the helm, having that could have meant billions of additional profits for us and it could easily have been completed by now.
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"The trouble with people idiot-proofing things, is the resulting evolution of the idiot." Me
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09-14-2019, 12:33 PM
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Join Date: Jun 2014
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Quote:
Originally Posted by CaberTosser
That satellite shot showing the dark smoke plumes from 4 'small' fires and one large fire tells a lot of the story. Those facilities must be rather widely dispersed by the look of that image.
Gee, it sure would be nice to have some extra pipeline capacity to allow Canada to benefit from this. Flipping horde of zombie incompetents we have at the helm, having that could have meant billions of additional profits for us and it could easily have been completed by now.
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First thing I thought of was wow would have been nice to have a pipeline rite now. Canada could have filled the void to the global market, but no we would rather landlock our resources.
OOps apologies on that political comment. Hopefully removed in time.
Last edited by Rig-Rat; 09-14-2019 at 12:49 PM.
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09-14-2019, 01:04 PM
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Join Date: May 2013
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Some others are speculating that it was Iran that did the drone strikes. Apparently the warpath rumblings between the Saudi's and the Iranians have been getting louder for a while now.
Those same people doubt that Yemen has the capabilities to carry out those kinds of attacks with drones.
YMMV
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09-14-2019, 03:25 PM
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Join Date: May 2007
Location: Central Alberta
Posts: 21,399
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Quote:
Originally Posted by Jason Bourne
Did Yemen or....was it a third party "false flag"to drive prices up and stimulate production elsewhere?
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They're backed by the Iranians, wonder who supplied the drones?  Things could get hot and heavy there , one of these days. The new face of warfare, cheap and efficient. If we're smart we'll root for the Saudis in this one.
Grizz
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"Indeed, no human being has yet lived under conditions which, considering the prevailing climates of the past, can be regarded as normal."
John E. Pfeiffer The Emergence of Man
written in 1969
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09-14-2019, 03:50 PM
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Join Date: Feb 2012
Location: Edmonton (shudder)
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Is it wrong, or am I a bad person for hoping the 5 million BPD comes right out of what Saudi ships to Canada first? I'm not sure if that makes me a bad person, but I think it would be a long overdue wake up call for Ontario and Eastward.
If it does make me a bad person, I apologize but my sentiments remain.
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09-14-2019, 03:54 PM
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The States is laying the blame on Iran. Pompeo is saying there is no evidence the attacks came from Yemen. All this just after Trump booted the hardline Bolten and was trying to turn down the heat a bit on Iran. Now they have their reason to encourage the Saudis into a escalation of tensions with Iran. Another conflict in the mid east coming up imho.
Should be a good week to be long oil and gold.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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09-14-2019, 04:46 PM
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Moderator
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Join Date: Feb 2015
Posts: 7,755
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Quote:
Originally Posted by MountainTi
That would do it
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I don't think it will. Probably wouldn't even notice if it wasn't on the news.
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09-14-2019, 05:03 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,182
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Quote:
Originally Posted by Trochu
I don't think it will. Probably wouldn't even notice if it wasn't on the news.
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Any of you that aren't currently holding oil stocks might want to be buying some. Suncor. CNQ, CNRL, Whitecap Resource and Vermillion energy are all worth looking at.
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09-14-2019, 05:15 PM
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Join Date: Feb 2010
Location: Stuck between wmu 110, 302 & 305
Posts: 1,023
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Quote:
Originally Posted by HyperMOA
Is it wrong, or am I a bad person for hoping the 5 million BPD comes right out of what Saudi ships to Canada first? I'm not sure if that makes me a bad person, but I think it would be a long overdue wake up call for Ontario and Eastward.
If it does make me a bad person, I apologize but my sentiments remain.
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I guess I would qualify as a bad person too...
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09-14-2019, 05:21 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,182
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Quote:
Originally Posted by silver lab
I guess I would qualify as a bad person too...
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Got to admit I would love to see three buck a litre gas in Toronto before the election vote. Shortages wouldn't be all bad either. They might just see how bad Sparkle Socks really is.
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09-14-2019, 05:24 PM
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Join Date: Feb 2010
Location: Stuck between wmu 110, 302 & 305
Posts: 1,023
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Quote:
Originally Posted by Dean2
Got to admit I would love to see three buck a litre gas in Toronto before the election vote. Shortages wouldn't be all bad either. They might just see how bad Sparkle Socks really is.
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This couldn’t come at a better time.
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09-14-2019, 05:55 PM
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Join Date: Jun 2014
Posts: 2,314
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Quote:
Originally Posted by Trochu
I don't think it will. Probably wouldn't even notice if it wasn't on the news.
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Will be a couple weeks before we see I figure.. They will pull out of reserves for a while in order to keep up. If that starts to get low then it will get more serious. Also what is the retaliation? If that goes sideways could play into it all.
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09-14-2019, 07:23 PM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,312
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Quote:
Originally Posted by Trochu
I don't think it will. Probably wouldn't even notice if it wasn't on the news.
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5% of world supply is a pretty good chunk of oil, wouldn't you say?
__________________
Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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09-14-2019, 07:27 PM
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Moderator
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Join Date: Feb 2015
Posts: 7,755
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Quote:
Originally Posted by Rig-Rat
Will be a couple weeks before we see I figure.. They will pull out of reserves for a while in order to keep up. If that starts to get low then it will get more serious. Also what is the retaliation? If that goes sideways could play into it all.
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Your Calgary Sun link indicates that "...most of the lost output capacity would resume within days." though. So I suspect it's pull from reserves for a few days, output capacity is resumed, and there is essentially no difference.
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09-14-2019, 07:31 PM
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Join Date: Sep 2010
Location: Vulcan Ab
Posts: 3,871
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__________________
"It's like bragging that it's 10 CENTIMETERS LONG! (when really, it's 4" dude, settle down)"
Huntinstuff
"Me neither but it's all in the eye of the beer holder"
norwestalta
.....out of bounds.....but funny none the less!
LC
"Funny how when a bear eats another bear, no one bats an eye, but......
when a human eats another human, people act like it's the end if the friggin world. News coverage, tweets, blogs, outrage, Piers Morgan etcetc.
Go figure." -Huntinstuff
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09-14-2019, 07:34 PM
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Moderator
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Join Date: Feb 2015
Posts: 7,755
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Quote:
Originally Posted by MountainTi
5% of world supply is a pretty good chunk of oil, wouldn't you say?
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Yes, but nothing reserves wouldn't cover as the article suggests output will only be down for a few days. If it was weeks, or months, I think we'd feel it, but two or three days? For reference, 5% of world consumption is approx. 4.7 million barrels/day, the U.S. strategic oil reserve alone accounts for 630 million barrels.
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09-14-2019, 07:48 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,182
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You guys are assuming that production can really be recovered in a few days. I don't buy it. It took years to get Kuwait's oil fields fully back on line. You are also assuming this is the end of the drone strikes. Way more likely it is just the beginning. Gas prices are already rising, check gas buddy for down east. Gas is already up to 1.50 in Montreal.
Last edited by Dean2; 09-14-2019 at 08:09 PM.
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09-14-2019, 08:03 PM
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Join Date: May 2016
Location: Parkland County
Posts: 2,390
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^ exactly. Bigger questions here are: How vulnerable is the Saudi oilfields from further drone strikes? What measures are going to be taken to protect them in the future?
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Bet the best when you know you got 'em.
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