Something bizarre is happening off the coast of Galveston, Texas. Were you to look toward the sea in the Texas port town, you’d be subject to a oceanic traffic jam of epic proportions. Ships carrying oil have gathered along the coast in the Gulf of Mexico in such great quantities that ships approaching the port have been asked to move toward the town slowly in an attempt to ease the burden.
This phenomenon is directly tied to the huge amounts of oil stored internationally and in floating container ships across the world. As oil prices fall, stockpiles of the resource are going through the roof, and governments and companies don’t have anywhere else to store it.
This could cause the price of oil to fall catastrophically further, as supply far exceeds demand for the time being.
To see the full report on this strange occurrence, continue reading on the next page:
Troy Smart know anything about this? why its happening all a sudden?
So, having been very recently working with a major harbour tug company in the port of Houston and Texas City/Galveston and seeing AIS (GPS for ship traffic) on a daily basis, I can tell you that this article is very deceiving.
The article says there are about 50 ships waiting in the outside anchorage at just about any given time. True. And the majority are Tankers. Also true.
What the article fails to mention is that the majority of those “tankers” anchored and waiting to come into the Port of Houston, the majority of those tankers are chemical tankers carrying commodities such as Benzene, vinyl monomers, and so on. They are not crude tankers that are backed up waiting for days and days on end to come into the big refiners or crude oil storage facilities (Shell, Exxon, Oiltanking) Those ships are often “Board on Arrival” meaning the terminals are awaiting their arrival and come in shortly after arriving to the anchorage area. The only reason most of these crude ships wait offshore for any given time is due to the fact they are large and are day light restricted and must wait for morning until they can take a pilot and proceed to berth.
Well a 2wk ago I posted about 45,000 Cuban.?..”refugees” in Guatemala headed for our border…..this is a full on “invited invasion”.
This is just the beginning of a so called ” fuel shortage : ! Same was seen in 70’s “fuel shortage” .
These ships in the picture are empty….to be more credible they should use real pictures of the ships….
Robert Nelson, ..”they” are simply on a schedule to overwhelm the system.
It’s the Clowerd and Pivens Model coming to full bloom.
In 1974 this was done to drive prices up, causing long gas lines and alternate day fueling up.
Probably obama buying the oil from isis
Guess oil company has more money than banks can hold.
I wish your pages would display in mobile friendly mode
This is months old BTW