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Attack on Saudi oil field; 5 mil. barrels per day lost

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Kaystein
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Attack on Saudi oil field; 5 mil. barrels per day lost

Postby Kaystein » Sat Sep 14, 2019 2:16 pm

https://www.cnn.com/2019/09/14/business ... index.html
https://www.youtube.com/watch?v=mQefB3IHw1Q

Abu Dhabi (CNN Business)Drone strikes on crucial Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business.
Yemen's Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency.
Five million barrels per day of crude production have been impacted after fires raged at the sites, one of them the world's largest oil production facility, people with knowledge of the kingdom's operations said. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day.
A source told CNN Business that Aramco "hopes to have that capacity restored within days."

The Saudi interior ministry confirmed the drone attacks caused fires at the two facilities. In a statement posted on Twitter, the ministry said the fires were under control and that authorities were investigating.
"Abqaiq is perhaps the most critical facility in the world for oil supply. Oil prices will jump on this attack," Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University, said in a statement.


Wow. It shouldn't surprise anyone that yemen's Iranian-sponsored, Houthi rebels are responsible for this. Saudi Arabia has been at war with them for a few years now.

Anyway, how will this affect your daily lives, since oil prices will rise for at least the next few days or weeks? I'm guessing this won't effect many of you very much, but everybody's going to groan at having to pay more at the fuel pump.

Discuss.
Last edited by Kaystein on Sat Sep 14, 2019 2:17 pm, edited 1 time in total.
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LimaUniformNovemberAlpha
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Postby LimaUniformNovemberAlpha » Sat Sep 14, 2019 2:18 pm

How's this going to impact the environment?
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Postby United Muscovite Nations » Sat Sep 14, 2019 2:19 pm

Sounds good to me.
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Vetalia
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Postby Vetalia » Sat Sep 14, 2019 2:19 pm

I don't think it will have the same degree of impact as it would have 10 years ago due to the sheer increase in oil production outside of Saudi Arabia. There will be a short-term spike in prices but there are huge numbers of unconventional wells that are currently not producing due to the price of oil being below their breakeven point, but once those are active again prices will eventually stabilize at current levels. Ironically, the problem is no longer that there isn't enough oil to meet demand but there's so much that the environmental consequences will be disastrous if consumption continues to increase.

Now, the cynic in me also makes me wonder if this is a trial balloon that the Saudi government will use to conceal the fact that their production has in fact peaked and is in irreversible decline.
Last edited by Vetalia on Sat Sep 14, 2019 2:20 pm, edited 1 time in total.
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The Rapture Republic
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Postby The Rapture Republic » Sat Sep 14, 2019 2:22 pm

I don’t see anything wrong here.

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Postby Samudera Darussalam » Sat Sep 14, 2019 2:24 pm

LimaUniformNovemberAlpha wrote:How's this going to impact the environment?

Another pollution in the air, I guess.

The Houthis claimed that it was a retaliation for Saudi air strikes against their civilians in the last 5 years.
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Postby Shofercia » Sat Sep 14, 2019 2:43 pm

Did anyone expect something different, like for the Houthis to not fight back? Maybe now we can reach a solution to the World's most atrocious human rights violations that are currently occurring.
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Postby Nova Cyberia » Sat Sep 14, 2019 2:44 pm

The Saudis will rain even more hell on Yemen for this.
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-Ocelot-
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Postby -Ocelot- » Sat Sep 14, 2019 2:47 pm

5 million barrels a day is a lot of oil wasted. Iran has basically made the lives of everyone who owns a car harder.
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Vetalia
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Postby Vetalia » Sat Sep 14, 2019 2:52 pm

-Ocelot- wrote:5 million barrels a day is a lot of oil wasted. Iran has basically made the lives of everyone who owns a car harder.


Maybe the real question is how or why the Saudis can't seem to actually win this conflict despite the sheer amount of arms and manpower in their favor against a bunch of rebels in Yemen.
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Postby Nova Cyberia » Sat Sep 14, 2019 2:54 pm

Vetalia wrote:
-Ocelot- wrote:5 million barrels a day is a lot of oil wasted. Iran has basically made the lives of everyone who owns a car harder.


Maybe the real question is how or why the Saudis can't seem to actually win this conflict despite the sheer amount of arms and manpower in their favor against a bunch of rebels in Yemen.

Because fighting insurgents is different from fighting a conventional war.

Ask the Taliban.
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Postby Kowani » Sat Sep 14, 2019 2:55 pm

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Postby Napkizemlja » Sat Sep 14, 2019 2:57 pm

Vetalia wrote:
-Ocelot- wrote:5 million barrels a day is a lot of oil wasted. Iran has basically made the lives of everyone who owns a car harder.


Maybe the real question is how or why the Saudis can't seem to actually win this conflict despite the sheer amount of arms and manpower in their favor against a bunch of rebels in Yemen.

Insurgencies are a different kind of war.
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Postby Scherzinger » Sat Sep 14, 2019 2:58 pm

fake news reported this? ima go ahead and apply the Bongino rule and wait 24 hours to see if they blame the President for this one.
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Postby Estanglia » Sat Sep 14, 2019 3:03 pm

Maybe now we can actually start solving the situation in Yemen now that it's gonna affect us all.
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Postby Nova Cyberia » Sat Sep 14, 2019 3:04 pm

Estanglia wrote:Maybe now we can actually start solving the situation in Yemen now that it's gonna affect us all.

It won't be solved any time soon. The Iranians want to expand their influence into Yemen, and the Saudis sure as shit don't want an Iranian puppet right along their border.
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Postby Kowani » Sat Sep 14, 2019 3:04 pm

Scherzinger wrote:fake news reported this? ima go ahead and apply the Bongino rule and wait 24 hours to see if they blame the President for this one.

https://www.wsj.com/amp/articles/drone- ... 1568443375

Does the Wall Street Journal count as fake news?
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Vetalia
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Postby Vetalia » Sat Sep 14, 2019 3:08 pm

Napkizemlja wrote:
Vetalia wrote:
Maybe the real question is how or why the Saudis can't seem to actually win this conflict despite the sheer amount of arms and manpower in their favor against a bunch of rebels in Yemen.

Insurgencies are a different kind of war.


True, but with that much money and firepower behind them it seems odd that they can't establish a substantial presence in Yemen. It's also very strange that Saudi defenses are so weak that they would allow drones, of all things, to cripple their main source of income.
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Postby Rojava Free State » Sat Sep 14, 2019 3:11 pm

I'm sure America will find a way to get involved in this conflict even though we don't belong in it and ought to just let the two crazy religious states bash each other to pieces
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Postby LiberNovusAmericae » Sat Sep 14, 2019 3:16 pm

What a pitty.
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Vetalia
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Postby Vetalia » Sat Sep 14, 2019 3:22 pm

Also, riddle me this, how is it possible that a nation that has purchased vast quantities of advanced arms, missile defense systems and other materiel would permit its most critical oil processing facility that apparently is responsible for 50% of production to be attacked by drones, of all things, from countries that are at least several hundred miles away?

Methinks something is afoot.
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Postby Samudera Darussalam » Sat Sep 14, 2019 3:31 pm

Vetalia wrote:Also, riddle me this, how is it possible that a nation that has purchased vast quantities of advanced arms, missile defense systems and other materiel would permit its most critical oil processing facility that apparently is responsible for 50% of production to be attacked by drones, of all things, from countries that are at least several hundred miles away?

Methinks something is afoot.

The Saudi air defense have been intercepting these drone attacks for some time. Though I find something in the the Jerusalem Post, I think the only news source that discussed the topic you just raised for now?

It's said in there that the drones may come from elsewhere, since it reached areas close to Bahrain, and that they didn't raise a response or alert from the U.S. bases that provide air defense along the Gulf.
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Postby Genivaria » Sat Sep 14, 2019 3:54 pm

Nothing of value was lost. Saudi Arabia is a terrorist state that needs a regime change.
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Vetalia
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Postby Vetalia » Sat Sep 14, 2019 3:55 pm

Samudera Darussalam wrote:
Vetalia wrote:Also, riddle me this, how is it possible that a nation that has purchased vast quantities of advanced arms, missile defense systems and other materiel would permit its most critical oil processing facility that apparently is responsible for 50% of production to be attacked by drones, of all things, from countries that are at least several hundred miles away?

Methinks something is afoot.

The Saudi air defense have been intercepting these drone attacks for some time. Though I find something in the the Jerusalem Post, I think the only news source that discussed the topic you just raised for now?

It's said in there that the drones may come from elsewhere, since it reached areas close to Bahrain, and that they didn't raise a response or alert from the U.S. bases that provide air defense along the Gulf.


Something doesn't add up, it would be one thing if this was a random drone attack...I could see that potentially falling through the cracks particularly if it was on a target close to the Saudi-Yemen border but an attack like this that literally cripples the country's ability to export oil, it makes no sense. Those facilities are literally the lifeblood of the kingdom so I would think they are top priority for defense against foreign threats. My thinking is that these drone strikes were perpetrated from inside with support from high-level individuals in the KSA's government for ulterior motives.
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Postby Neanderthaland » Sat Sep 14, 2019 4:08 pm

Vetalia wrote:
Samudera Darussalam wrote:The Saudi air defense have been intercepting these drone attacks for some time. Though I find something in the the Jerusalem Post, I think the only news source that discussed the topic you just raised for now?

It's said in there that the drones may come from elsewhere, since it reached areas close to Bahrain, and that they didn't raise a response or alert from the U.S. bases that provide air defense along the Gulf.


Something doesn't add up, it would be one thing if this was a random drone attack...I could see that potentially falling through the cracks particularly if it was on a target close to the Saudi-Yemen border but an attack like this that literally cripples the country's ability to export oil, it makes no sense. Those facilities are literally the lifeblood of the kingdom so I would think they are top priority for defense against foreign threats. My thinking is that these drone strikes were perpetrated from inside with support from high-level individuals in the KSA's government for ulterior motives.

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