People are worrying way too much about what this is going to do to gas prices. Half of SA output is only 5% of global output. It's nothing. Gas may go up 10-20 cents for a week or so.
Huge drone strike knocks out half of Saudi Arabia's oil production
- Thread starter RolandGunner
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Reminds of me of the Robert Evans podcast It Could Happen Here where he talks about how easily a small insurgency inside the US could do unbelievable amounts of damage to infrastructure to cripple normal life within large swaths of the country.
You think SA blew up or halted half of it's oil output to go to war with Iran? This conspiracy is beyond idiotic.
Houthis found SA's weakspot. Halting half of their oil production is a pretty good way of hurting them. Have Saudi not fixed their patriot missile systems? Houthis damaged radar relays for them with drones, basically MGSV.
This. Can Era ever not freak out about stuff? I mean, people running out of there homes here to go get gas because 5% of oil is temporally disrupted - seriously? lol
This is not to their benefit. It would be more to their benefit if another country's oil production was halved.
I work in the foods buying dept for the biggest supermarket chain in Africa
Every time the price of oil spikes there are massive increases in the price of food, due to transport costs
The economy is going to be even more fucked than it currently is
Half of an entire country's oil production sounds like a lot on paper, how abnormal/extreme is this really?
It's only 5% of the global output, and it will likely be back up to normal shortly. This is little more than a blip.
Do you realize how much oil 5% of global output actually is? This is 5 million bbls/day. Optimistically, we are at a 500,000 bbls/day surplus but with the recent drawdowns in the last 4 weeks, we're probably at a deficit (although a surplus is predicted for 2020). Depending on how long it takes to restore production, this is a highly significant event. You might be right that this is no big deal, but I wouldn't count on it. Oil prices are definitely going up around 20% in the near-term.
The sooner we find an alternative to oil the better. Both to get rid SA's evil regime and for the environment.
Hopefully nobody was killed. Also, better if they don't go back online. The world needs to stop burning fossil fuels or else much bigger problems arise.
i mean, there is what the event will actually do to prices, and then there is what speculators trying to make money trying to hype the shit up like Robert Edward Orville Speedwagon at a Gordon Lightfoot concert "OHH MY GODDD" will do.
5% is 5%. Oil going up 20% in response makes zero sense. Even factoring in a likely overreaction, that still is way too much.
5% of global production by what percent is saudi oil of the oil the US goverment doesnt have under sanctions?
Why did two buildings across the world cause a war with Iraq?
ok, so you're telling me Saudi Arabia is going to launch a war against Iran, a war it has zero means to actually wage?
Or are you telling me that the US is going to start a war with Iran a week after Bolton was thrown out of the WH for being a warhawk and conflicting with Trumps chaotic isolationist/dictator friendly foreign policy?
Thank God! It's laundry day and I have nothing to wear to the gas station.
Trump has no love for Iran and has verbally threatened Iran I believe. I believe Bolton was kicked out for telling Trump how ridiculous it would be to have the Taliban over for some beer pong during the week of 9/11.
He's also an anti-interventionist. Do you remember when the US hit Syria last year? His followers freaked.
The civilian casualties caused by Trump's drone strikes thank you for your defense of him and are pleased they weren't killed during a formal war.
And claiming drone strikes are not in the realm of interventionism is fucking batshit.
Jesus Christ, nobody is defending him or his strikes. Can we argue this is good faith? .
Fair enough, but targeting terrorists with horrible civilian casualties doesn't get the same kind of headlines as targeting military assets does it?
Like or not image is everything, especially to Trump.
I though we were arguing about the likelihood of a war with Iran over these drone attacks anyways?
I hope you're right, but oil has been insanely volatile the last few years. Hell, oil went up 4% in one day last Monday after some decent data came out of the Chinese service sector. It then promptly fell about 7% after John Bolton resigned. I consider this event greater than those two. Could be wrong of course.
Yea with drones theres no need to risk american lives so we can completely remove it from our minds! Cool!
That's true, doesn't make it right, and as I said above it's all about the headlines for Trump.
you've bought into imperialist propaganda if you really think so
Cons of solar panels, energy storage is harder. But that gets better with more EVs.
For the last god damn time it's about fucking image and headlines! I never once justified drone strikes.
you're saying trump won't go to war with iran because he's anti-interventionist, which is clearly wrong just going by the number of american military strikes going up drastically since obama left office. it doesn't matter to the dead whether the bomb that hit them came from a conventional bomber or a drone piloted by some asshole outside las vegas, and that distinction wouldn't keep iran from blowing up half the arabian peninsula with ballistic missiles if we started droning them.
Well, maybe if they didn't continuously bomb Yemen for the last two years, perhaps Yemen wouldn't have retaliated
scary how much damage you can cause with relatively simple and cheap weapons, with low risk to your own safety..
the future looks pretty dark.
the future looks pretty dark.
Honestly I'm surprised we haven't seen a similar large scale attack done with small drones like this before. Remove all discussion of the geopolitics of it all and whatever and focus purely on tactical achievement, and this was an incredibley effective and precise attack.
These drones are small, mass producable, incredibly cheap for potential damage output, simple to use and hide, can perform incredibly complex maneuvers and more.
They are a godsend for cheap insurgency armies.
These things have the potential to change the face or urban warfare. Instead of IED's, imagine one of these just popping out of a window and dropping a bomb on a convoy of soldiers. There's almost no surefre defense against that.
These drones are small, mass producable, incredibly cheap for potential damage output, simple to use and hide, can perform incredibly complex maneuvers and more.
They are a godsend for cheap insurgency armies.
These things have the potential to change the face or urban warfare. Instead of IED's, imagine one of these just popping out of a window and dropping a bomb on a convoy of soldiers. There's almost no surefre defense against that.
The only thing that can stop a bad guy with a drone is a good guy with a drone. Drones for everyone.
Drones will probably do to urban warfare what aircraft did to land warfare.
The potential really is insane.
You can strap anything to it and make a whole host of weapons or explosives way more effective in a way that modern fighting forces aren't capable of handling.
I mean, looks at this thing! This is a real prototype that exists:
On some level I'm grateful for it because it'll dissuade Western powers from putting boots on the ground, but I just know that it'll escalate to all drone warfare.
The potential really is insane.
You can strap anything to it and make a whole host of weapons or explosives way more effective in a way that modern fighting forces aren't capable of handling.
I mean, looks at this thing! This is a real prototype that exists:
Is that a drone AT4?