Posted on 10/10/2016 8:44:07 AM PDT by bananaman22
U.S. crude oil storage is filling up with unaccounted-for oil. There is a lot more oil in storage than the amount that can be accounted for by domestic production and imports.
That’s a big problem since oil prices move up or down based on the U.S. crude oil storage report. Oil stocks in inventory represent surplus supply. Increasing or decreasing inventory levels generally push prices lower or higher because they indicate trends toward longer term over-supply or under-supply.
(Excerpt) Read more at oilprice.com ...
So whose oil are we buying?
Iran’s?
The oil seized/stolen by ISIS in Syria and Iraq?
Would be a backdoor way of funding Iran - or ISIS
Put nothing past this presidency
You know ISIS has been making a LOT of money selling oil. This might explain a few things.
Forbes 9/30: Saudi Arabia Is Buying Up America's Oil AssetsSaudi Arabia is quietly amassing quite a portfolio of American energy assets. State-owned Saudi Aramco is already co-owner, with Royal Dutch Shell , of Motiva, the largest U.S. refinery. Under an already signed agreement, in April 2017, Aramco will take full ownership of the most valuable Motiva assets. Now comes news that Motiva is the leading candidate to purchase the Lyondell Basell Refinery in Houston. This would give Saudi Arabia control of two major Texas refineries proving, once again, that American energy independence is impossible.
Qatar Petroleum, along with ExxonMobil and ConocoPhillips, built the GoldenPass LNG facility on the Gulf Coast. The plant, one of the largest in the world, began operations in 2010. Qatar Petroleum owns 70% of the facilities and is currently pursuing authorization from the U.S. government to export American produced LNG to customers around the globe.
*****
Is Thackney around to give insight?
Ping
I think Thackney bail during the primaries.
YUP!
FR’s loss
Yes. Thackney took off, because of the disgusting style, and manner of discussion on these boards during that period of the primaries.
This is a twist. I would have expected, that like Fort Knox, the amount of oil in a government storage would be far LESS than accounted for.
Either way, follow the money. I would have expected the clandestine looting of the strategic supply to have been a way to raise money that wasn't accounted for. Here, the opposite possibility is being raised--namely that the US is laundering foreign funds by buying illegal oil. I wonder if that's where some of State's missing $6 Billion went?
book mark
Laid it all bare, omit no facts, and don't sugar coating anything. Both domestic and foreign affairs. Forget about the know-it-all DC Insiders’ advice. Come clean, and start clean out the DC cesspool.
From there, then there is more hope for us to start pulling ourselves out of the ‘whatever’ pit we are currently in.
Absolutely, under no circumstance, do not go soft and wobbly.
mad_as_he$$ wrote: "I think Thackney bail during the primaries."rockinqsranch wrote: "Yes. Thackney took off, because of the disgusting style, and manner of discussion on these boards during that period of the primaries."
Disappointing. I looked forward to and enjoyed reading his unique input to this topic. Thanks for letting me know.
The truth—however improbable—is that inventories are probably much lower than what is reported.
“Would be a backdoor way of funding Iran - or ISIS
Put nothing past this presidency”
It’s all about getting the Beast elected....Obama’s keeping the price of gas at the pump as low as possible before the election. If the price of gas and diesel were to hit $2.75-3.00 the economy would tank...low energy prices is the only thing keeping the economy above water.
And we wonder why DC doesn’t want Trump The Outsider.
Combine much lower inventories to the Kenyan doing everything he can to get us into a war.
OTOH, if the reports of tankers lined up for miles in the gulf was accurate & is still taking place, we have to think that inventories are indeed as large as reported.
We have awakened in 1984. Little or nothing we are told can be assumed to be truthful or accurate.
snip
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Saudi Arabia is quietly amassing quite a portfolio of American energy assets. State-owned Saudi Aramco is already co-owner, with Royal Dutch Shell , of Motiva, the largest U.S. refinery. Under an already signed agreement, in April 2017, Aramco will take full ownership of the most valuable Motiva assets. Now comes news that Motiva is the leading candidate to purchase the Lyondell Basell Refinery in Houston. This would give Saudi Arabia control of two major Texas refineries proving, once again, that American energy independence is impossible.
Qatar Petroleum, along with ExxonMobil and ConocoPhillips, built the GoldenPass LNG facility on the Gulf Coast. The plant, one of the largest in the world, began operations in 2010. Qatar Petroleum owns 70% of the facilities and is currently pursuing authorization from the U.S. government to export American produced LNG to customers around the globe.
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Independance on home soil is always possible, ask the oil companies that ‘owned’ drilling/refining assets in venezuela how their assets fared after Hugo took them all away. The arabs are in poor military shape to protect their interests on US soil.
bookmark
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